“Like a Drug Baron”
In one of the more amusing comments I have read in some time, someone apparently compared me to a “drug baron” with respect to the new gTLD domain names. In response to an article on Shane Cultra’s blog, Neil wrote the following in a more detailed comment (bolded emphasis added by me):
“You said you wanted to improve the quality of your portfolio like Elliot yet you insist on XYZ? Elliot may promote these crappy extensions heavily but he dosent use them, like a Drug Baron. He only invests in quality and improves his portfolio year on year.”
I appreciate the comment about my improving my portfolio because that is the aim of my business, but I take umbrage in the comparison that was made. There are two things that I think are inaccurate in the comment that I would like to discuss.
The first issue is with the comment that I “may promote these crappy extensions heavily.” I disagree with this. I certainly write about the new extensions quite a bit, but most of the articles would not be considered “promotion.” I provide coverage about a topic that is all over the news, and I share my insight and opinion. More often than not, the articles I write aren’t about investing in the domain names but are either industry news or news that was reported in the mainstream media that I wanted to discuss further.
I have been pretty clear that I don’t consider the new domain names a good investment for individual investors. Topical articles about the new domain extensions bring eyeballs to this blog and drive good discussion. As a result, advertisers from all aspects of the domain investment space are interested in advertising opportunities. Yes, there are many companies that advertise their new gTLD domain names, and I am not going to prohibit registries from advertising because that would be stupid.
Neil was also inaccurate when he wrote “he doesn’t use them.” I do actually use a new domain name extension. TeamSilver.Rocks is my Pan-Mass Challenge team fundraising landing page. The .Rocks extension suits my needs, and Rightside is sponsoring our ride. Sure, I am not using many new extensions, but the statement was inaccurate. I would also have no problem using Silver.Ventures should I create a new company for other business ventures and investments.
I feel like a broken record when I say that I am not investing in the new gTLD domain extensions nor do I recommend that people buy them either. Investing in domain name is my business, and everyone has their own risk tolerance and investment outlook. I wouldn’t begrudge someone from investing in the new gTLD domain names, but it’s clear that they do not really fit into my portfolio right now. There are reasons for people and companies to use the new extensions just like I am using mine, but that isn’t domain investing and this blog is primarily about investing in domain names.
I am pretty sure Neil did not mean to be offensive when he posted his comment since it was fairly complimentary, but I was a bit taken aback that I was accused of promoting the new extensions “heavily,” and I wanted to clear things up.
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