This post originated from an RSS feed registered with Java Buzz
by Fred Grott.
Original Post: Confirmatin of the Failed Domain Name Speculation Business Model-Indy DomainName StartUP
Feed Title: ShareMe Technologies LLC-The Mobile Future
Feed URL: http://www.jroller.com/shareme/feed/entries/rss
Feed Description: A Weblog about Java programming and digital convergence on mobile devices in such areas as P2P and collaborative technology.
SO where can we find confirmation of the Domain Name Speculation Business Model failing? Why not ebay? Here we have the sale of MORTGAUGE.NET. If you click on the link you will notice that the domain name although valued at $12318.80 by seller it was sold for $41.00.
Notice that in the metrics stuff seller never backed up numbers with a click through calculation ans that calculation would not support that high market valuation. Notice also that among the mythical articles pasted into the item listing to attempt to support the fictional high market value we find that December article by Business 2.0 which mentions the CEO of the Indianapolis Domain Name Start-UP that I worked for in 2001.
It is not just one item listing at places like eBay or the domain name forums. It literally is hundreds of thousands of item listings showing the exact same conclusion.
The ironic thing is that because the Indianapolis Domain Name Speculator Start-UP has been at losses for almost 9 years that they will loose the tax benefits of applying those losses against any revenue/profits in 2007 and beyond. The other irony is that I would not mind teaching two idiots web database driven application development if only those two idiots could financially apologize for the over stated 1099s, debt still owed, and the fraud/deception sent my way. All it takes is an email and some groveling on their parts.
The real big irony is that most web 2.0 ventures are now at break-even or large profits, there are not many ventures ending up with losses. Mythical lying and con games will not work as you need high technical skills, actual experience, and etc to make it a success.
Previous Topic
