Cybersquatting in the Past Hurts Today
Our industry still has a bad reputation from misdeeds that occurred years ago before trademark laws were actively enforced on domain owners. While there is still less obvious cybersquatting today than years ago, the industry continues to get a bad rap from people who aren’t familiar with it due to events that occurred years ago.
At a wedding this past weekend, I was speaking to a person who is the CEO of a multi-national venture capital firm. In addition to retail, financial, and oil company holdings in the US and Europe, he also owns a professional soccer team. When I told him about my business, he mentioned that he was somewhat familiar with it, having dealt with a guy who tried to sell him the .com of his full name for $20,000 (his name is not common at all, and all Google results for his name are for him). He didn’t outwardly say it, but I could tell he didn’t think domain investing is a legitimate business.
When I explain what I do to people I don’t know, I find that people either have no clue about the domain industry or they have a negative opinion about it. I frequently find myself defending our industry to people I meet, explaining that the domain names I own are generic names that don’t infringe on other brands. It’s frustrating that misdeeds in the past still affect us today.
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