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The
Lowdown
October
2018 Archive |
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Here's
the The Lowdown from
DN Journal,
updated daily to fill you in on the
latest buzz going around the domain name
industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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Nominations
for the ICA's 2019 Lonnie Borck Memorial Award
Are Open Now Through November 1
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The
Internet
Commerce Association (ICA)
will present their 3rd annual Lonnie
Borck Memorial Award during the
2019 NamesCon
conference in Las Vegas
January 27-30. As a way to honor the
late great domain investor with a
golden heart, the award is presented
to an individual for and indelible contribution to domain investor
rights. The ICA has
invited everyone in the
domain community to take part in the
process by using this
form to submit suggestions for
nominees. To get the widest
participation possible, you are also
encouraged to
share the link to the
nomination form with your
colleagues, on your blogs, or social
media. Suggestions for nominees will
be accepted through November 1, 2018.
After that the winner will be chosen
from amongst the nominees by members
of the
ICA
Board.
Last
January the 2018 award was presented
to Kathy
Kleiman, a pioneer advocate for
domain registrant rights from the
very beginning of the
UDRP process. In 2017, the
first award went to David Weslow,
of law firm Wiley Rein, for
his pro bono representation of
Heidi Powell as she
attempted to protect her
registration of HeidiPowell.com.
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Lonnie
Borck
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NameSummit
Returns to New York City for Round 2 November
5th & 6th
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The
2nd annual Name
Summit conference will
be held at the Westin Times
Square in New York City November
5th & 6th, 2018. The
digital branding event will bring in
dozens of thought
leaders and mentors who will
share the many different ways
that digital marketing is
transforming online business
and the real estate
market. This year’s
show will emphasize domains and
their continued importance in
owning your content and promoting
your brand. Panel discussions will
cover the latest trends
in digital branding, SEO and
geo domains and will also
showcase new real estate
related domain extension like .realestate, .rentals and .homes.
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NameSummit
CoFounders Steven Kaziyev
and
Jason Schaeffer have lined
up nearly 50 expert speakers,
including Gary Malin
(President of City Habitats), Scott
Durkin, (President
of Douglas Elliman) and Global
Luxury Real Estate
powerhouse, Luciane Serifovic.
Attendees will also learn from YouTube
expert Roberto
Blake how
to leverage the YouTube platform
and create messaging that converts
customers. Kevin
Wood, President
of www.ByOwner.com,
will also be sharing his strategies
on video and how it can
create the largest return on
investment when
establishing your brand via
social media marketing.
NameSummit
Co-Founders Steven Kaziyev
& Jason
Schaeffer at their debut
event last year in New York. |
If
you are a real estate
professional and need
additional CE Credits, you
have even more reason to be
at NameSummit. The
conference has partnered
with Charter Real Estate
School to offer licensed real
estate mortgage broker
or agent event
attendees 15 CE credits
for attending the 2-day
event. All you need to do is
register for the event, attend and check
in at the Charter Real
Estate School table when you arrive
on Monday, November 5th.
If
you register by November
4 you can get a ticket
with a base rate of $299 -
and you can reduce that by
20% by using this discount
link NameSummit
has provided for our readers
(Tickets will be $499 plus
fee at the door). |
Group
rates are also
available here
and information on booking
your room at the Westin can
be found here.
For all any other
inquires just
email [email protected]. |
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Escrow.com
Enables Buyer/Seller Negotiations on Their
Platform With the Click of a New Button
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Escrow.com,
the secure online payment system so
familiar to domain buyers and
sellers around the world, has just
introduced a new feature
that opens the door to price
negotiations conducted
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directly
on their trusted platform. It's
called Escrow
Offer™ and it allows
sellers to negotiate a price for
domains names, as well as a wide
range of other goods including cars,
boats, aircraft, domain names,
jewelry, fine art and more - all
through a convenient Pay Now
button.
A
company press release said Escrow
Offer is a tool that can be
easily integrated into the checkout
payment system of websites, online
stores, mobile apps, classifieds
sites, or just about any online
business that handles financial
transactions over the Internet and
called it "the easiest way to
introduce the power of price
negotiation into online
platforms." Online sellers can
review offers, and either accept,
reject or counter them. Negotiations
proceed until a deal is reached and
the secure escrow process begins.
Jackson
Elsegood
General Manager, Escrow.com |
Escrow.com
General Manager Jackson
Elsegood said, "The
ability to negotiate on
price has been at the center
of business interactions for
big-ticket items for
generations. Now, we're
bringing that capability
into the world of online
transactions, giving
businesses and individuals
the power of negotiation in
a safe and secure
environment. Escrow Offer
allows businesses to handle
multiple offers and improve
online conversion rates,
while finding the best price
at which to sell or buy an
item."
Escrow
Offer comes on the heels of
the launch of Escrow
Pay, which lets
businesses integrate the
protection provided by the
Escrow.com API directly into
their websites, mobile apps,
online marketplaces,
classifieds sites in one
line of code.
With
no minimum fee, and priced
as low as 0.89%, the
Escrow.com Platform API is
cheaper than credit cards
and many other payment
methods, while providing
the |
protection
of an escrow service. Escrow
Offer can be integrated via
the Escrow.com API or
through individual Make
Offer buttons. |
Escrow.com
can be used for transactions
involving anything of value,
including domain names, vehicles,
machinery, aircraft or any other
item of value that a business or an
individual might want to buy or sell
safely and securely online. You can
find out more about Escrow Offer here.
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Billionaire
Founder of Media.net, Div Turakhia, Names
Vaibhav Arya to Succeed Him as CEO
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Div
Turakhia gained
famed in the domain industry over a
decade ago after he had major
successes with previous companies, Directi
and Skenzo, (we profiled Div
in a 2008
DNJournal Cover Story).
As successful as he was with
domains, Div was just getting warmed
up. He went on to found Media.net,
grew it into an ad tech giant, and
finally sold the company to Shuzhi
Technology in 2016 in a deal
valued at $900 million. After
that sale Div stayed on as CEO of
Media.net but after so many years
immersed in business (he was a
millionaire by the time he was 18)
he has finally decided to take a
year or two off to stop and smell
the roses.
That
decision was officially announced
today when Div revealed he was
turning the CEO role over to
longtime friend and colleague Vaibhav
Arya who has been serving as
Media.net's Chief Technical Officer.
Turakhia, who will stay fully hands
on through the end of the year, will
continue to help Shuzhi as a special
advisor. He leaves the company in
good hands and great shape.
Media.net, who has over 1,300
employees worldwide, just completed
the highest revenue quarter in
company history and is projecting
this financial year to be its
highest revenue year to date.
“This
transition has been in the works for
years,” Turakhia said. “Arya has
been the CTO from day zero and we
have succeeded based on the strength
of our technology. Arya’s
leadership, dedication and tech
abilities are world-class. We
are having another record-setting
year because of his outstanding
work.”
Arya
said, “I’m incredibly humbled
and privileged to be appointed the
next CEO of Media.net, and I want to
thank the Board and Div for their
overwhelming support, and the
confidence that they have placed in
me. I am fortunate that the entire
team here will be continuing with
me. I have worked with each of them
since the company’s founding in my
capacity as CTO, and across the long
transition to take over as CEO. My
team and I look forward to
continuing to invest in innovation
and build Media.net for the
long-term.“
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Div
Turakhia
Vaibhav
Arya
CEO, Media.net
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New
Namecheap Domain Insights & Trends Report
Has Some Surprising Results in TLD Rankings
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Namecheap,
the world’s second largest retail
domain registrar with over 10
million domains under
management (and one of the
fastest-growing American companies
according to the 2018
Inc. 5000), unveiled
their first
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Namecheap
Domain Insights and Trends Report,
this week. The report was designed
to provide some unique
insights into the domain
industry for business owners,
developers, entrepreneurs and
technology analysts.
Based on proprietary NameCheap data (collected over the the past decade)
that encompasses registration
activity among millions of their
customers, the report breaks out
NameCheap's Top TLDs of The Year
in Many Categories, Most
Popular TLDs Around The World, Top
ccTLDs, Trending Business
Industry-Specific TLDs and
more.
The
report also includes the most
popular TLDs at NameCheap so far in
2018. Those are:
gTLDs |
ccTLDs |
1.
.com |
2. .info |
3. .club |
4. .org |
5. .site |
6. .net |
7. .online |
8. .website |
9. .space |
10. .app
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1.
.us |
2.
.co |
3.
.pw |
4.
.io |
5.
.me |
6.
.co.uk |
7.
.ca |
8.
.de |
9.
.ai |
10.
.eu |
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The
report noted, "It’s no
surprise .com is still far
and away the most registered
top-level domain (TLD) in 2018, but
this year Namecheap saw more non
.com registrations than ever before.
There has been a surge in popularity
among some newer generic top-level
domains (gTLD) like .club, .space,
.online and .app as
Namecheap’s large customer base of
web and technology professionals,
business owners and entrepreneurs
are launching more active domains
utilizing these newer extensions.
Image
from Bigstock |
One
of the biggest surprises to
me is seeing .net
ranking as only the 6th most
popular gTLD at Namecheap.
Globally, in terms of total
registrations, .net is
second only to .com in the
gTLD category.
I
was also surprised to see
America's under utilized .us
country code as the most
popular ccTLD at Namecheap.
ccTLDs like Germany's .de
(over 14 million registered),
Great Britain's .uk
(over 10 million) and even
smaller U.S. neighbor
Canada's .ca (over
2.6 million) have
outperformed .us (a
little over 1.9 million).
Perhaps this is a sign .us
is finally starting to gain
a little more
traction. |
The
2018
Namecheap Domain Insights and Trends
Report also includes:
-
The
Most Registered TLDs of the
Decade
-
Most
Popular TLDs By Category
(Technology, Lifestyle, Finance,
Sports, Travel, Food &
Beverage, Real Estate,
Multi-Media and more)
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Top
3 Non .com TLDs Around The Globe
Since 2017
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Trending
2018 Industry-Specific TLDs
-
Domain
Ownership Data; and more.
You can Download
the full report to see
look further into those topics.
Namecheap said that certain TLDs
were excluded from some data results
but each list includes any such TLD
exclusions as well as the time
periods covered by the respective
list.
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Former
ICANN GDD President Akram Atallah Named CEO at
New gTLD Giant Donuts Inc.
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On
Tuesday DomainIncite.com
reported that Akram Atallah,
the President of ICANN's Global
Domains Division (the # 2
position at ICANN) had left that
position to become the new CEO at
Donuts
Inc., the world's
largest operator of new gTLDs
with over 240 domain extensions in
their portfolio. That report has now
been confirmed in a press
release posted on the
Donuts corporate blog. Atallah will
assume his new duties on November
12, 2018.
Donuts
said current CEO Bruce Jaffe
is stepping down and will continue
to act as a senior advisor to the
company during this
transition.
Erik Brooks, managing partner at
Donuts parent Abry Partners and
a Donuts board member, said, “We
thank Bruce for his stewardship of
Donuts, during which in his tenure
as president and CEO, the company
raised over $100 million in
debt financing to acquire Rightside,
and successfully engaged in a
process to sell Donuts to Abry
Partners."
With respect to Mr. Atallah,
Brooks said, "We are delighted
to welcome Akram to Donuts. His deep
experience in managing global
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Akram
Atallah
CEO, Donuts Inc.
|
organizations
and rapidly-growing technology
companies will be essential to
driving Donuts’ next phase of
growth. We are confident that Akram’s
proven track record in and outside
the domain name industry will
broaden Donuts’ reputation as the
innovative industry platform for new
top-level domains and will enable
the company to pursue rapid growth
along multiple pathways.”
As
ICANN's GDD President Atallah
oversaw the management of generic
domain operations, domain name
industry engagement and web
services. He stepped into that role
after initially serving as ICANN’s
Chief Operating Officer. Atallah
said, “I am thrilled to join the
Donuts team. I relish the challenge
of further expanding overall
awareness of the company’s
incredible top-level domain (TLD)
assets, discovering new ways to use
and leverage TLDs, and through its
growth and success making Donuts a
recognized, global innovation
platform for people and
organizations to create and manage
their digital identities.”
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Photos
& Highlights from the Closing Day of the 1st
Domaining Americas Conference in Rio de Janeiro
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South
America's first major
conference for domain investors and
developers concluded Sunday (October
7, 2018) with the closing day of the
two-day Domaining
Americas event at the
Grand Hyatt Rio de Janeiro in Brazil
(you can check out the opening day
photos and
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highlights
from Saturday here).
The conference was founded by PremiumDomains.com.br
owner Abner Duarte, a native
of Brazil who now lives in Boston.
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Above
& Below: The Sunday sessions
began at 9:45am when Blacknight
Internet Solutions
Founder & CEO Michele
Neylon answered the
question What is GDPR?,
detailing everything attendees
needed to know about the
controversial General
Data Protection Regulations
that went into effect that year.
(All photos in this article are
courtesy of Domaining Americas).
Above:
After his solo session Michele
joined three other industry experts
for a panel discussion about ICANN
and its role on the expansion and
evolution of the Internet.
The panelists (seated left to right)
were Daniel Fink (Stakeholder
Engagement Sr. Manager, Brazil at
ICANN), Michele Neylon (Blacknight)
and, across from them at the far
right, Olga Cavalli (ICANN
GAC Argentina Representative) and
moderator Braden Pollock (LegalBrandMarketing.com).
Below:
After that session an audience
member checks her copy of the Domaining
Americas program to see what was
coming up next.
Above:
In the final morning session Sunday,
Ricardo
Hechtman, the CEO at BrainsBrasil.com.br,
talked about Net Weaving - a
more simple, reciprocal approach to
networking that focuses on helping
others solve problems.
Below:
Daniel Fink (Stakeholder
Engagement Sr. Manager, Brazil at
ICANN) asks a question during the
Sunday morning sessions.
Above
& below: At 11:45am there was a half-hour
break for coffee, snacks and
informal networking.
Below:
(Left to right) Erica Saito
(Consulting Regional Manager, Radix
Registry), Andre
Rocha (one of the top domain
investors in Brazil) and Ricardo
Hechtman chat during the Sunday
morning coffee break.
Above:
While some enjoyed their coffee
indoors others headed to the outdoor
deck to get in some fresh air
networking before heading back
to the conference room.
Above:
Back inside at 12:30pm, Julio
Cesar Ventura Cardoso shared
his
.com.br success story - one
centered on his Dentistas.com.br
website. .br is Latin America's most
popular ccTLD with some 4
million domains currently
registered.
Below:
Cardoso's story was music to the
ears of Rubens Kuhl (at
center in the audience below).
Rubens is the Product Marketing
Manager for the .br country code's
administrator whose website is at Nic.br.
Above:
In the final business session of the
debut edition of Domaining Americas,
Leila Pereira do Nascimento
from IplanRio
(the administrator of the new .RIO
gTLD), explained the importance
of .RIO to the Cariocas and how the
extension is being utilized in the
city.
As
you can see in the photo above the
conference room featured a large
window overlooking Rio de Janeiro's
beach and the ocean. Sometimes the
speakers had to compete with the
fabulous view for attention.
Moderator Braden Pollock
(below) always has his head in the
game but even he couldn't avoid
peeking out every now and then!
Above:
With his first conference now in the
books, show founder Abner Duarte (left)
and one of his speakers, Julio
Cesar Ventura Cardoso, flash
two thumbs up. It is hard to
establish a new conference in a new
market but Duarte said he saw enough
in Rio to know he wanted to do it
again. Duarte said he would begin
planning the 2019 event as soon as
he is back home in Boston. With a
desire to boost the domain business
throughout his homeland and the
entire region Duarte may stage the
next one in another major Brazilian city,
with Sao Paulo, the nation's
financial center and a population of
13 million, one of the most likely
candidates. We will of course let
you know when his plans for
DomainingAmericas 2019 are
finalized.
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Photos
& Highlights from Opening Day at the
Inaugural Domaining Americas Conference in Rio
de Janeiro
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The
debut edition of
the Domaining
Americas conference got
underway at the Grand Hyatt Rio
de Janeiro in Brazil
Saturday morning (October 6,
2018). The new two-day event
was founded by industry veteran Abner
Duarte of PremiumDomains.com.br.
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Duarte
(at right above), a native of Brazil
who is now based in Boston,
enlisted well-known domain
investor/developer and crack
conference moderator Braden
Pollock (at left) from LegalBrandMarketing.com
to help orchestrate the show's
business sessions.
Below:
Duarte and Pollock welcoming
attendees at the start of the first Domaining
Americas conference Saturday
morning in Rio de Janiero.
(All photos in this article are
courtesy of Domaining Americas).
Above:
In the show's first business
session, Olga
Cavalli (standing at
right) provided a look at the South
and Central American Domain Market
and how it compares globally. Olga (DominiosLatinoAmerica.co)
is Senior Advisor, Argentina's
Ministry of Foreign Affairs, a
Member of the ISOC Board of Trustees
and Former ICANN GAC Vicechair
(2014-2017).
Below:
Next up, in one of the day's most highly
anticipated sessions, Núbia Mota,
Sales Director at VTEX OMS, Omnichannel
(an extremely popular ecommerce
platform in Latin America), covered
how marketing is evolving in South
America, including top trends,
challenges and opportunities.
Ms.
Mota (standing at left above and
in the photo below) brought along
VTEX colleague Jonathan
Carvalhosa (standing at right
above) to provide additional
ecommerce marketing advice to the
appreciative audience.
Above
& below: In the final morning
session Saturday, Rubens Kuhl,
the Product Marketing Manager at Nic.br/Registro.br
(administrator of Brazil's .br
ccTLD), provided background on South
America's most most popular country
code extension. Approximately 4
million .br domains are
currently registered.
Above
& below: At 11:15 am it was time
for a coffee break (along
with tasty pastries) and some
informal networking at the Grand
Hyatt Rio de Janeiro. The
conference venue offered broad views
of Rio's beautiful waterfront
scenery from most of the
conference's meeting rooms.
Above:
The afternoon sessions began
promptly at 12 Noon with Radix
Registry's Consulting
Regional Manager, Erica Saito,
covering new Top Level Domain
extensions (new gTLDs) and
how they are making a splash in
South America.
Below:
Erica was followed by João Smith
(JustChannels.com.br)
who expanded on the theme, saying
both gTLDS's and Geo domains
are becoming an increasingly
valuable asset class in South
America where demand for them is
continuing to grow.
Above:
Startup activity has also
been growing in Latin America
so the final business session of the
day was devoted to that topic. Los Angeles
based entrepreneur Braden Pollock,
who has had many successful startups
of his own, was a featured speaker
on that topic.
Below:
Though the day's formal business
sessions were now over the
conversation with Braden
(front left) and Abner (front
right) moved outdoors where some of
the attendees huddled before the
show's mid afternoon luncheon.
Above
and below: One thing that
Domaining Americas is doing
differently than other conferences
is ending their business day early
enough (around 2pm) to allow
attendees to have lunch (which was
held at Papa Vicenzo's on Saturday)
then head out to explore their host
city. With the attractions of Rio
de Janeiro waiting just outside
the Grand Hyatt's doors, that proved
to be a popular idea, especially
among those who have never had a
chance to visit Brazil's famous
metropolis before.
Above:
Before heading out on the town this
group at poolside waved goodbye to
opening day at Domaining Americas.
They were back for the second day of
business Sunday (still underway as I
am writing this) and I will have all
of those closing day photos and
highlights for you in my next
Lowdown post.
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Internet
Commerce Association Adds Tessa Holcomb to the
Board and Re-Elects Jay Chapman to Another
Term
|
The
Internet
Commerce Association (ICA),
the non-profit domain industry trade
association that looks out for the
interests of domain registrants and
developers, has grown by leaps and
bounds in recent years. A big reason
for that is the high quality of
leadership the organization has
been able to attract. That has
instilled greater confidence in the
industry at large, prompting
more and more companies and
individual members to sign on and
back the ICA and its mission.
The
latest example of that is the just
announced addition of veteran domain
broker Tessa Holcomb (who
was profiled in a 2015 DN
Journal Cover Story) to
the ICA's Board of Directors, as
well as the election of current
board member Jay Chapman
(the President at Digimedia)
to another term. Both were selected
in voting open to all ICA members.
Ms. Holcomb fills a vacancy that
occurred when another board member, Zak
Muscovitch, resigned to take on
the key role of General Counsel for
the ICA. Zak, Executive Director
Kamila Sekiewicz and four other
board members, Jeremiah Johnston
(Sedo), Nat Cohen
(Telepathy), Bob Mountain
(GoDaddy) and Daniel Law
(Innovation RPM), round out
the association's leadership
team.
Regarding
the latest ICA elections, Ms.
Sekiewicz said, "Jay’s
contributions over his last term
helped further ICA’s mission, and
we are fortunate we’ll get to
benefit from his guidance and
expertise for another term! Tessa’s
addition will not only strengthen
but also diversify the board’s
already broad domain industry
expertise adding her brand
protection and brokerage know-how.
The ICA has an incredibly dedicated
board of directors, and I’m proud
of what the organization has become
and accomplished with their
engagement and leadership."
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Tessa
Holcomb
Jay
Chapman
|
Chapman
noted, "As Tessa's willingness and subsequent election to the
board illustrate, the ICA's
continuing growth, involvement and
advocacy are encouraging and
invigorating. I'm honored to be a
member of the team and board, and
proud to work alongside other
dedicated industry pioneers,
entrepreneurs, firms and
professionals.”
|
Tessa
said, "I’d like to
start off by thanking the
ICA board and members
for giving a voice
to the domain
industry. Protecting
the rights and interests of
registrants and legitimizing
the industry to both
business and individuals is
crucial to the future of
domain investing and
brokerage. It’s
encouraging to see the many
accomplishments gained by
the ICA thus far
|
and
I will be honored to work
alongside such an
experienced and dedicated
team to continue educating
Internet consumers in a
constantly evolving
landscape." |
After
20 years in sales across industries
ranging from software to online
advertising, Tessa joined the domain
industry in 2009. She was a Senior
Broker at Sedo, before taking
on a dual role as General Manager
and Director of Philanthropy for PPX
International. With the help and
support of PPX’s leadership team,
Tessa then co-founded
DomainAdvisors.com, followed by
a company she founded in 2013, Igloo.com.
The latter two firms went on to
realize over $140 Million in
sales among the VC, start-up, and
investor communities as well as to
existing businesses looking to
upgrade or re-brand.
Tessa
continues to work with select
clients on sales and acquisitions
and consults with businesses and
individuals on branding and domain
strategy. She has a degree in
psychology from UCLA and now lives
back in Southern California after 19
years in the Boston area.
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All
Systems Go for Debut Edition of the Domaining
Americas Conference in Rio de Janeiro This
Weekend
|
South
America
gets its first major conference for
domain investors and developers this
coming weekend when Domaining
Americas launches with
a two-day show Saturday and Sunday (October
6 & 7, 2018) at the Grand
Hyatt
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|
Rio
de Janeiro in Brazil.
Conference founder Abner Duarte,
a native of Brazil who now lives in
Boston, has put together an agenda
and roster of speakers
that will give attendees valuable
insight into domains, investing,
eCommerce and startup businesses.
Among
the many speakers that
Duarte and Associate
Producer Jodi Chamberlain
are excited about having on
the Domaining Americas stage
will be Núbia Mota,
Sales Director at
VTEX
OMS, Omnichannel (VTEX
is an extremely popular ecommerce
platform in Latin
America). Many of the
region's domain registrants
are interested in developing
their own ecommerce sites,
so Ms. Mota's Saturday
morning talk on how
marketing is evolving in
South America is expected to
be one of the conference's
most popular sessions.
Núbia, who is also a professor of Marketing MBA at
the Federal University of Rio de
Janeiro, will help attendees
identify the top
trends, challenges and
opportunities in eCommece
today.
One
of Sunday's highly
anticipated sessions will be
What is GDPR?
Everything you need to know
about General Data
Protection Regulations
that will be presented by
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Núbia Mota,
Sales Director
VTEX OMS, Omnichannel |
BlackNight
Solutions CEO Michele Neylon.
GDPR is the new European
privacy law that has caused
many domain Whois records to
be scrubbed of registrant
contact information and also
caused a good deal of
consternation among
registries and other
industry websites who are
trying to figure out how to
avoid running afoul of the
new regulations.
I
noted that startups
will also be among
the main topics
addressed at
Domaining Americas.
One of the key
sessions in that
category will
feature two leaders
from the Rio
startup community,
Fabio Diaz
and
Ricardo
Hechtman,
with moderator Braden
Pollock
on Saturday
afternoon. |
Abner
Duarte
Domaining Americas
Founder |
Ricardo
will also conduct a
solo session on
Net Weaving (a
more simple,
reciprocal approach
to networking that
focuses on helping
others solve
problems) on Sunday
morning.
If
you check out the full
roster of speakers
you will see a lot
of other experts
that are widely
known in the global
domain industry,
including Brad
Lemire (Sedo), Alfredo
Pinochet (LatinTLD),
Erica Saito
(Radix Registry), Jeff
Sass (.CLUB),
Rubens Kuhl (Nic.br)
Daniel Fink (ICANN,
Brazil) and
Domaining Americas
founder Abner
Duarte, to name
just a few.
Guests
are expected to
begin arriving at
the Hyatt Friday
evening, so informal
networking will get
underway well before
the show opens with
Duarte's welcoming
comments Saturday
morning at 9:30.
There will also be
an official
networking party
Saturday night that
will run from 9pm to
1am. We expect to
have some photos and
highlights coming in
from the event and
will of course share
those with you in
this column. |
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ICA
Warns Hundreds of Millions of Dollars at Stake
as .Com Price Freeze Set to Expire
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The
Internet
Commerce Association (ICA),
the non-profit domain industry trade
association founded in 2006 that
looks out for the interests of
domain registrants and developers,
is sounding an alarm bell. A
new press release from the
organization states that Verisign,
the exclusive .com registry
operator, is poised to see
additional windfall profits
unless the National Telecommunications
and Information Administration
(NTIA)
intervenes.
The
ICA release says "Verisign is
expected to request a price
increase for .com domains when
its current ‘price cap’
agreement with the U.S.
Department of Commerce’s NTIA
expires on November 30, 2018."
The ICA goes on to ask, "Will
NTIA impose a price increase on
millions of Internet users to
further enrich Verisign, “The Most
Profitable Company You’ve Never
Heard Of”, which is already
enjoying huge windfall
profits?"
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As
most of our readers know,
.Com domain names are issued
exclusively by Verisign on a
wholesale basis and are are
in turn sold by authorized
domain name registrars to
the public. Domains ending
in the .com extension are, by |
far,
the most popular on the
Internet with some 134
million .coms currently
registered, so a price
increase would affect
millions of individuals and
small-businesses throughout
the United States and around
the globe. |
The
ICA noted, "Verisign is a
public company with a market
capitalization of over $19
billion. Although the cost
of running the .com registry may be
as low as $3 per domain,
Verisign charges $7.85 to
their customers. Due to the
dominance of .com, Verisign has no
real competitive pressure on their
pricing. Before the U.S. government
stepped in to cap Verisign’s
prices in 2012, Verisign’s
previous contract permitted it to
raise prices 7% annually in
most years."
They
went on to say "Thanks
to Verisign’s exclusive
contract to operate the
.com registry, granted
without a competitive
bidding process, Verisign
earned $457 million
last year, and enjoys
inflated operating margins
of over 60%.
Its windfall profits powered
a tripling of its stock
price over the past
five years – despite the
freeze imposed on .com
prices. Verisign
places fourth behind only Apple,
Facebook and Alphabet
(Google’s parent
company) in terms of revenue
per employee. Verisign uses
its excess cash to reward
its top four executives with
nearly $18 million in
compensation in 2017 – |
Image
from Bigstock |
equivalent
to 7% of Verisign’s
operating expenses
(excluding cost of
revenue). In
comparison, the compensation
of Oracle’s
and Adobe’s top
four executives is about 1%
of operating expenses." |
The
ICA believes, "Verisign will
likely seek an unjustified price
increase that would over time
effectively constitute a billion-dollar
“tax” on Internet
users."
For
further information they are
directing .com domain registrants
to StopthePriceIncreaseof.Com.
A Change.org petition has
also been launched to raise public
awareness of this issue here.
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you've been out of the loop lately, catch up in the Lowdown
Archive!
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