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The
Lowdown
June
2021 Archive |
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Welcome to the The
Lowdown from
DN Journal - your source for notable news
and information from all corners of the global domain name
industry!
The Lowdown
is compiled by DN Journal
Editor & Publisher Ron Jackson. |
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Daina
Burnes & Morgan Linton's Bold
Metrics Scores Massive Win With
Men's Wearhouse
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For
the past 7 years,
veteran domain investor
Morgan
Linton
has been
splitting his time between the
domain world and the start up
world. In the latter, Morgan, as
CRO, has
been working side by side with Daina
Burnes on an innovative
new fashion based company called
Bold
Metrics that CEO Daina
dreamed up back in 2014 (one we
wrote about in 2016).
The idea was so good the dynamic
duo quickly accumulated more
than $1 million in capital
investment, with billionaire Mark
Cuban among the first to get
on board.
By
using a comprehensive set of machine learning and A.I technologies to accurately predict customer body measurements,
Bold Metrics promised to help apparel brands unlock the power of
body data to reduce their
ecommerce returns, improve sustainability, and optimize operations.
They have been tirelessly
improving their processes (their
technology can above 92%
accuracy in garment fit) and
adding customers ever since with
the grand slam home run
finally coming this week.
As
Esquire Magazine's
Singapore edition just
reported, Tailored
Brands Inc., who operates
more than 650 Men's
Wearhouse and Jos A Bank
men's clothing stores, has adopted
Contactless Fit tech
developed by Bold Metrics. During
the global pandemic more people
than ever were ordering clothes
online. That made Bold
Metrics's already attractive
solution a true no-brainer.
The
technology works for both men and
women so this is likely just
the first of
many big wins to come for Daina
and Morgan, and all who know them
well tell you it could not
happen to two nicer and more
deserving people!
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Morgan
Linton
CRO, Bold Metrics
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Below:
This screen shot of the Men's
Wearhouse/Bold Metrics experience
on an Ipad shows how easy it is
for a customer to enter a few data
points that will assure a near
perfect fit.
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(Posted
June 30, 2021) To refer others to the
post above only (and not the full Lowdown column) you can use this URL:
https://www.dnjournal.com/archive/lowdown/2021/dailyposts/20210630.htm
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Another
Blockbuster for Kate Buckley!
Buckley Media Group Closes
7-Figure Sale of eBike.com
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Buckley
Media Group, one of the
world’s top boutique premium
domain name brokerages, has just
closed another blockbuster sale.
The firm, founded by CEO Kate
Buckley, brokered a $1,008,900
sale of the domain name
eBike.com to Robert Bosch
GmbH. Bosch operates Bosch
eBike Systems as well as COBI.Bike.
Kate
has closed so many marquee sales
over the years she is practically
a permanent resident in the upper
reaches of our domain charts. With
eBike.com, Buckley Media now has one
of five biggest domain sales
reported so
far this year (we will
be adding it to our YTD Top 100
Chart when do our next
bi-weekly domain
sales report July 7).
Ms.
Buckley said, “eBike.com
was created in 1998 and purchased
by my client, Legendary Names,
Inc., at auction in 2018. They
approached Buckley Media after
receiving several unsolicited
offers to acquire the domain name.
Legendary Names researched
brokerages who were known for
achieving legendary results with
domain names and ultimately signed
with Buckley Media."
A
statement from Legendary Names
said, "When our partner Reza
Sardeha from DAN
pointed us
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Kate
Buckley
Founder & CEO, Buckley Media Group
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to the opportunity of acquiring ebike.com in an expired domains auction, he
stated: ‘that's a domain worth $400K sitting right there.’ And it
would've indeed been a $400K sale if it wasn't for Kate's persistence and
vision, chasing high-quality buyers and not letting the domain go for
less than what it's truly worth: one million dollars. Well done, Kate!”
The ROI Kate achieved on this sale is especially remarkable as Legendary
paid just $71,938 to win the expired name auction for eBike.com at DropCatch
in February 2018!
Kate
Buckley speaking at
the 2019 NamesCon Global
conference in Las Vegas. |
Buckley added, “Developing the sales
and marketing outreach on eBike.com was a lot of fun. Particularly
since others in the industry kept telling me it was too generic to
sell for more than low six figures, and that I was crazy for sticking
to my guns at seven figures. Nothing I love more than a good
challenge. I believed in eBike from the beginning—it is truly
the future of mobility, and in the future will be worth eight figures,
if not more. Bosch had the vision to understand this in spades,
and were the perfect end user for this valuable category-killer domain
name. I look forward to seeing it put to its best and highest
utility.”
Kate has been getting eye-popping results
for two decades now. Buckley Media Group has brokered millions
of dollars in both private and publicly-recorded top sales. She
credits "an experienced team, known for its ethical, professional
approach to domain services, exemplary customer service and strong,
authentic relationships inside and outside the domain industry,
startup industry, and established corporate universe, that provides
targeted, attentive outreach and stellar service to our valued
clientele," for the firm's consistent success. |
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(Posted
June 24, 2021) To refer others to the
post above only (and not the full Lowdown column) you can use this URL:
https://www.dnjournal.com/archive/lowdown/2021/dailyposts/20210624.htm
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Entrepreneur
With the Best Startup Idea Will
Win Big in Pitch.Tech Competition
Backed By Radix and Startup Grind
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With
well over 1,000
new
gTLDs now available it is very
hard to stand out in the crowd. It
takes a lot of marketing money, persistence
and fresh ideas to break through
the clutter. Radix
has been one of the most consistently
successful registry
operators on that front and the Pitch.tech
competition that is currently
underway, is a great example of
how they keep beating the
odds.
To
help
promote their .Tech TLD
(one of nine Radix operates), they
teamed up with the world's biggest
startup community, Startup
Grind, to create a
"pitch competition" for
idea-stage entrepreneurs that
will give the winner $10,000 in
equity-free funding and over
$100,000 in startup benefits
through Startup Grind.
Every
competitor submitted their pitch
on a video, with each video then
hosted on a pitch.tech subdomain -
for example, the link to Arbol's
3-minute pitch for their idea (a
platform that enables low income
students to get financial support
from online sponsors)
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is www.arbol.pitch.tech.
Startup Grind members in over 600 local chapters in more than 125
countries around the globe
view the pitches and vote for their favorites. Chapter level voting ends
today (June 18, 2021) with the top vote getters moving on to the Chapter
Finals next week. The winners from the Chapter Finals (to be announced
June 28) then advance to Grand Finals voting June 29 - July 5
that will determine which entrepreneur has the best start up idea.
This
is the kind of win-win initiative that helps everyone grow. .Tech
gets more attention for their industry defining TLD, Startup Grind adds more
members who can benefit from the boundless resources they offer startup
entrepreneurs, and the competition's winners take home cash and valuable resources
that will help turn their great idea into a reality. Everyone that
entered also wins, gaining pitch experience and seeing techniques others
used to move their ideas forward.
Suman
Das
.Tech Sr. Director of Brand Operations |
Suman
Das, Senior Director of Brand
Operations for .Tech Domains, noted
“This virtual competition provides
an opportunity for idea-stage
entrepreneurs from all backgrounds to
kickstart their startup journey and
get access to resources and visibility
that they need in the
launch-phase."
Derek
Andersen, Co-founder & CEO at
Startup Grind, added, "Startup
Grind’s mission has always been to
help founders, entrepreneurs, and
startups succeed, regardless of
geographic location or socioeconomic
circumstance. We are excited to
partner with .Tech Domains to further
our work supporting the startup
community."
With
this kind of innovative marketing since
.Tech launched in 2015, the TLD has
grown to more than 300,000
registrations and, according to Crunchbase,
some 250 startups operating on .Tech
domains have raised over $4 billion
in funding to date. Those are the
kind of numbers that are hard to
ignore! |
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(Posted
June 18, 2021) To refer others to the
post above only (and not the full Lowdown column) you can use this URL:
https://www.dnjournal.com/archive/lowdown/2021/dailyposts/20210618.htm
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Veteran
Domain Industry Exec Jebidiah
Burnett Joins Above.com's New
Managed Domain Portfolio Service
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There
is news
on two fronts from Above.com
today. On one hand, the company is
announcing a new Above.com Managed
Domain Portfolio Service that
is designed to make it easier than
ever for domain investors to
maximize their domain traffic
revenues. On the other, in a sign
of the importance Above is placing
on the new offering, they have
brought veteran domain executive Jebidiah
Burnett on board as the newest
member of the company's management
team.
Many
of our readers already know
Jebidiah well. Over the past
decade he has been a key player in
domain brokerage and account
management with several top
registries and registrars
including Enom, Donuts
Inc. and GoDaddy. With
the Above Managed Domain Portfolio
Service Burnett will use his
expertise to connect top domain
investors with increased revenue
opportunities aimed at boosting
their payouts. He will also help
identify new growth opportunities
for Above.com’s registrar and
brokerage service.
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Jebidiah
Burnett
Above.com
Managed Domain Portfolio Service
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David
Warmuz
CEO, Trellian/Above.com |
For David
Warmuz, the CEO at Above.com and its parent company, Trellian
(a firm we profiled in a 2017 DN
Journal Cover Story), the new Managed Domain Portfolio
Service is the latest in a series of innovations the company has rolled
out over the past 24 years. David noted, "A frequent request from
domain investors on our platform over the years has been for a fully
managed option. The Above Managed Domain Portfolio Service is a
higher level of portfolio management, which combines two of our
favorite things to do for our clients: saving precious time and making
them more money."
“Every
domain investor knows the tedious and time-consuming process of moving
their domains around between monetization channels day-in and day-out as
they try to find the highest payouts possible for their traffic.
Above.com’s Managed Domain Portfolio Service takes our proven
algorithms and continuous testing to manage those tasks for our
clients and increase their bottom line.” |
Warmuz added,
“Since the soft launch of Above’s Managed Domain Portfolio Service,
Above.com clients using this option have experienced initial revenue increases
as high as 40% on top of continued month-over-month growth.”
Much of this revenue growth is attributed to traffic sold on Above.com’s Maximizer,
which provides domain investors with an exclusive source of premium
advertisers, performance marketers and established brands to bid on their
domain traffic. These pre-screened advertisers come from Trellian Direct
Search Network, which is Above.com’s own exclusive, premium ad network.
“So far, we are
seeing high levels of interest for this service for a variety of reasons. Some
clients would prefer to focus on selling domains, yet own traffic domains that
could at least pay for themselves and then some if managed properly. Another
example would be those who are running other businesses and just do not have
the time to consistently make sure their domains are going to the highest
paying monetization channels.”
For more
information on the Above Managed Portfolio Service, David passed the baton
back to Jebidiah who will be the point man in providing a full overview of
the service and a review of your portfolio. You can email him [email protected].
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(Posted
June 16, 2021) To refer others to the
post above only (and not the full Lowdown column) you can use this URL:
https://www.dnjournal.com/archive/lowdown/2021/dailyposts/20210616.htm
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Brannans.com
Books $1.25 Million Sale of
Meme.com in One of Year's Biggest
Sales to Date
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The
Meme.com
domain name has
been sold in a private,
confidential transaction for $1,250,000.
Brannans.com
represented the seller under an
exclusive agreement and partnered
with buyer representative Dotkeeper
and Escrow.com to
facilitate the transaction that
closed in May.
Brannans
CEO David Clements said,
"I congratulate both the
buyer and seller. The seller had
the foresight to maintain the
domain asset and trusted the
process — allowing us time to
find the right buyer at the
right time. The business that
acquired
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Meme.com
now has a powerful, brandable domain to drive their business forward. We
could not be happier for everyone involved.” The Meme.com sale is
the latest example of how valuable top tier domain names are as business
assets in our digital age, serving as both virtual real estate and
corporate brand. The Meme.com domain has been registered and in use by the
original registrant since 1996.
This
is the fourth verified seven-figure sale reported so far this year. We will
be adding it to our YTD Top 100 Sales
Chart and our bi-weekly Top 20 Sales Chart when our next domain
sales report comes out June 23.
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(Posted
June 14, 2021) To refer others to the
post above only (and not the full Lowdown column) you can use this URL:
https://www.dnjournal.com/archive/lowdown/2021/dailyposts/20210614.htm
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ROTD
Will Run a Unique Domain
Liquidation Auction With
Bidding to Start at $2.5 Million
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Update:
By
court order this auction has been
rescheduled for Wednesday, June 16
at 1pm US Eastern time.
RightOfTheDot
(ROTD) will be conducting a a unique
online auction on Thursday
(June 10, 2021) at 1PM U.S.
Eastern Daylight Time - a court
ordered liquidation of The Income
Store. Over 3,000 domain
names (including more than 200
revenue generating websites), intellectual
property, computers and office equipment
will be offered as a single
lot with bidding to start at $2,500,000.
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The
Income Store was a business that
purchased and built
revenue-generating websites
for investors.
The company made the Inc Magazine Top 5000 in 6 out of 7 years before
the roof caved in on them. They were charged with paying older investors
with funds derived from new investors, a tactic that caught the
attention of the U.S. Securities and Exchange Commission (SEC)
who then forced
the company into receivership.
Interested
parties will be required to sign a non-disclosure and non-affiliation
agreement to participate
in the auction. Bidders will also have to make a $50,000
deposit that will be held in escrow and refunded unless the bidder is the
winning bidder. Once approved, bidders will be given access to the complete
list of domain names, websites and other financial and intellectual property
information included in the auction sale. Additional
information can be found at http://www.incomestorereceivership.com/.
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(Posted
June 8, 2021) To refer others to the
post above only (and not the full Lowdown column) you can use this URL:
https://www.dnjournal.com/archive/lowdown/2021/dailyposts/20210608.htm
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.COM
Registrations Grew 5% in the Past
Year But Verisign Reports Total
Regs Down Due to New gTLD Slide
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Verisign
(the administrator of the .com
and .net TLDs) has released
their latest quarterly Domain
Name Industry Brief
covering the 1st quarter of
2021. The quarter ended with 363.5
million domain name
registrations across all
top-level domains (TLDs)
worldwide, a slight decrease
of less than 1% from both
the previous
quarter and the same
point one year ago when then total
was 366.8 million.
All
of the decline in total
registrations came from non .com
categories, especially new
gTLDs. That category plummeted
over 29% year over year,
losing 9.5 million
registrations to land at 22.8
million at the end of 1Q-2021.
That number is also a 12% drop
from the previous quarter.
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ccTLDs
also slipped but much less precipitously. Total country code TLD
registrations edged down less than 1% (0.6% to be exact) to 156.5
million from the same point a year ago. They were off 1.5% from
the previous quarter.
In contrast, the .coms
continued to grow despite competition from hundreds of other TLDs. At
the end of 1Q-2021 there were 154.6 million .coms registered, a
healthy 5% increase from the 147.3 million registered at the
same point last year. The .coms added 2.8 million domains in the most
recent quarter, a 1.8% rise from the end of 4Q-2020. Meanwhile,
Verisign's .net has remained unchanged with approximately 13.4
million registrations on the books, the same number we saw at the end of
the last quarter as well as year over year.
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(Posted
June 4, 2021) To refer others to the
post above only (and not the full Lowdown column) you can use this URL:
https://www.dnjournal.com/archive/lowdown/2021/dailyposts/20210604.htm
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