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As Many As 5K .Com’s Taken Away By Sealed Court Order By Verisign Including Some Of Mine

October 2nd, 2014 Comments off
Overnight I received a notice that several domain names I owned were transferred by a sealed court from Verisign without notice and of course without the court order. The domain names just were transferred by Verisign to another domain and are now listed for sale at another marketplace. Another domainer sent me an identical notice […]

Exclusive – Interview with the Buyer of Digital.com, Richard Kershaw

July 26th, 2014 Comments off
Digital.com sold in the Heritage Auction for $325,000 and with the buyer’s premium the total price to the buyer came to $373,750. After the auction we communicated with the gentleman who purchased the domain name, Richard Kershaw. We decided to ask Richard a few questions about what he does, why he purchased the name and […]

Francois Launches Lend.me Putting Borrowers & Lenders Together At 12% Interest

June 16th, 2014 Comments off

Francois Carrillo who is the  Founder and C.E.O of Cybertonic which also publishes domaining.com has rolled out his newest site, Lend.me.

The site puts together lenders and borrowers together which are willing to lend and borrow using domain names and websites as collateral with an interest rate of 12% per year, which is less than domain capital’s stated rate of 15%.  Moreover while domain capital traditionally only loans 50%-60% of the domains value Lend.me basically leaves it up to the  borrowers and Lenders to come to an agreement on what the amount they will lend or borrow on any particular domain.

I had a chance to chat with Francois about the new service:

So Lend.me is offering loans with a 12% interest?
“”Lend.me doesn’t loan money.

We match borrowers with lenders for loan requests that are secured by digital assets. (Initially, Domain names and Websites)”

12% is the average annual interest rate proposed these past years by those offering such loans.

We hope to lower this average rate thanks to the healthy competition lend.me will generate.”
Is there a limit on the amount loaned on a domain?


There is no maximum.
How are you determining what the domain is worth?


Each lender will personally estimate the value of domains or web sites put as collateral by the borrowers.

In addition, we would like to help borrowers who don’t own “Liquid” digital assets, succeed in getting a loan.

Ideally that they also be able to get more money than the wholesale value of their asset:

There are honest hard working people who need cash advances, who don’t own liquid assets to put as collateral.

Nevertheless, they own assets that have high value to themselves.

Assets they “Cannot” lose for many reasons.

If these borrowers explain in a convincing way, why they would be able to pay their loan back, then there is no reason why some lenders should not consider lending them the money, specially in light of the fact that there is low risk and fair profit rates involved for them.
This is the reason why at lend.me we ask in the loan request form the borrower to explain, his project or need, why he wants the money and how he plans to make the money to pay the loan back. We aim to make the lending process more human, and want to help establish a first relationship of “Trust” with potential lenders.””
What percentage of the domain’s value are you willing to lend on?


Today those offering digital collateral lending have no competition.
The result is that they lend based on the wholesale value of the digital asset, and they do not lend over this amount. They want to immediately resell the collateral to recover their money if the loan fails.
At Lend.me each person registered as a lender will have is own appreciation of the collateral value and the percentage of the digital asset he is willing to lend.
The large number of lenders and the natural competition that will ensue would allow to probably get much more than wholesale value of the collateral asset.
What are payback terms?

Lenders interested to offer a loan to a borrower must respond with the loan amount they are willing to lend, the annual interest rate and the term.

The borrower will review and select the best offer, or none at all. There is no obligation.

The loan terms are:
Interests should be paid quarterly and the balance at term.
Borrower could accelerate payment and save money by paying in full the loan after the first 3 months.
How long can the loan go for?


​6 months to 3 years.
Are the payments are interest only?


Yes, and the balance at term.
Do you take ownership of the domain?

==>

Once a borrower has decided to accept a loan offer from a lender, both parties will sign a lending agreement that we will provide for convenience.
From there an escrow transaction between the borrower and lender needs to be created to secure the loan process.
Because the borrower will pay escrow fees, he is the one who should select the escrow company. We provide suggestions as to which companies they use for escrow as a convenience.

The transaction is secure because collateral digital assets are put under escrow ownership while the transaction is not completed.

This is the timeline:

- Lender will pay to the escrow company the loan amount.
- Borrower will put his collateral digital assets under escrow ownership.
- Escrow will pay borrower the loan amount minus escrow fees.
- After the first 3 months the borrower will start paying each quarter the loan interests.
- Escrow will pay quarterly the interests to the lender minus escrow fees.
- At loan term the borrower will pay the remaining loan balance to escrow minus escrow fee.
- Escrow will pay the lender and will send back the digital collateral to the borrower.
- If at anytime an invoice is not paid in time by the borrower then the loan is cancelled.
- The borrower will lose the money paid and the escrow will transfer his digital collateral asset to the lender.

“”

If I’m a lender do i get to review domains and deals on one off basis and say someone wants to borrow $1M on sex.com and I loan the $1m what do I get, what do you get?

“”

Lend.me works as a classified listing of loan requests,

Lend.me doesn’t make any profit when a borrower/lender match is done, nor when an escrow services to secure a loan is suggested.

We only charge:
- $35 when a borrower submits a loan (we previously review it at no charge).
- $90/year to be able to watch and make offers to loan requests. (A domaining.com premium membership, with all the added bonuses it regularly has.)

The lender and the borrower will make whatever they agree to in their internal negotiations.””

It sounds like an interesting project.

Obviously Lend.me its a killer domain name

 

 

Interview with the founder of NtldStats.com

March 11th, 2014 Comments off

NtldStats.com is a website that offers a comprehensive list of statistics pertaining to the new gtlds. The company behind the website is Greensec based out of Germany.

We sat down with Stefan Meinecke to get some more info about the site.

1) What is GreenSec’s interest in the space ?

Stefan – GreenSec is a software consultant company that offers individual
solutions for companies around the world. This includes customised
hosting solutions for clients including the registration of domain names.

2) Does Greensec hold a large portfolio of domains, and if so how are
they broken down, existing gtlds, cctlds, new gtlds ?

Stefan – GreenSec is neither a domain name registrar nor an investor. The domains
we register for our customers are mostly gTLDs.

3) Are you getting your info strictly by going through the zone files?

Stefan – No. Even though the zone files are the primary source, they are not
covering the statistics in realtime and miss all the domain names that
does not have a valid nameserver set. Apart from that I am using some
other ways to get the most accurate data in realtime.

4) How often do you update the stats ?

Stefan – At least once a day.

5) What time zone is reflected on the site ?

Stefan – All times are UTC+0.

6) Do you have any other developed sites in the domain space ?

Stefan – No.

7) Are you accepting advertising on the site ?

Stefan – Yes, but with some restrictions. A banner is no problem, but I already
received offers to place links to other websites in order to push the
ranking of these websites, which is not going to happen.

8) Are there future plans or other info that will be offered on the site ?

Stefan – I am focusing on usability right now. There will be new features and
suggestions can always be made, though.

9) Will it remain free or do you plan on charging for access ?

Stefan -  It will remain free. Period.

Thank you for your time Stefan and good luck with the site.…

Categories: External Articles, Interviews, new gTLDs Tags:

Domain startup Donuts Inc puts all eyes on domain industry

June 9th, 2012 Comments off

It’s not every day that you’ll see a startup from the domain world get some prime coverage from the mainstream media. Donuts Inc put all eyes on the domain industry earlier this week, when the likes of Bloomberg, Forbes, TechCrunch, CNN, Wall Street Journal, and additionally many other tech focused publications/magazines covered their official “coming out” when the company finally launched their website and announced that they have applied for 307 new generic top level domains (gTLD’s) with ICANN.

Most companies operating in the domain space would be lucky to get that type of flurry of stories written about them and mainstream media coverage in the course of an entire year, or even lifetime of the company. But then again, Donuts Inc. isn’t your typical domain company, lets not forget.

Mason Cole Donuts Inc. Interview

WebProNews yesterday published a nice video interview where Abby Johnson of WPP interviews Mason Cole — Vice President, Communications and Industry Relations of Donuts Inc. The title of the video is “Why Donuts Inc. Is Banking on ICANN’s gTLD Expansion” and you can view it below:

 

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Chef Patrick Interviewed By DomainSherpa.com

July 14th, 2011 Comments off
For those of you that have not already seen, I was interviewed by DomainSherpa.com which posted yesterday. Thank you to Michael Cyger for the invite and interview. I also want to add a bravo to Michael. He’s done a great job with his video interviews. Michael has interviewed some great guests such as Frank Schilling, [...]

Interview With Jeff Kupietzky CEO of Oversee.net

January 20th, 2010 Comments off
Yesterday I posted part one of this two part interview of Jeff Kupietzky. In part one Jeff answered five “halvarez” questions that previously went unanswered which you can read here. Here, in part two of the interview you will learn more about Jeff and Oversee.net. Q. Tell us about the beginning. How you came to Oversee.net [...]

Tomorrow I Am Interviewing Bruce Marler Live

January 12th, 2010 Comments off
Owen Frager has asked me to guest host his Domain Success Power Lunch Show and interview Bruce Marler. We will be live tomorrow, January 13th from 2:30pm to 3:30pm EST. If you would like to listen in register now. I have a few unexpected questions to ask Bruce so this should be fun. Have any [...]

Interview with Tim Schumacher CEO of Sedo.com

January 11th, 2010 Comments off
Meet Tim Schumacher, CEO of Sedo.com LLC. Sedo.com is the largest domain name marketplace in the world. Sedo sold 4 of 2009’s top 10 domain sales, Fly.com $1.76 mil, Russia.com $1.5 mil, Call.com $1.1 mil and Server.com $770k. Q. Who founded Sedo and a brief background? A. Sedo’s was founded in Cologne, Germany in 1999 as a student [...]

Live Chat from ICANN Meeting 36 in South Korea

October 30th, 2009 Comments off

Join Adam Strong and Jothan Frakes (Live from South Korea) for a video chat about the #ICANN meeting. If you are prompted for a password, enter “domains123″.


Categories: External Articles, Interviews Tags: