My Thoughts on Michael Rosenblum’s “Biggest Mistake”
Michael Rosenblum has had a successful career as a television producer, and he shared a story in the Huffington Post to which many of us over the age of 30 (or so) can relate. In the article, Rosenblum recalls some of the domain names he could have owned back in 1992.
An intern working with Rosenblum discussed how he could have a domain name for a project on which Rosenblum was working. Rosenblum recalled a conversation in which the intern said, “We can make a URL and website for you any way you want and call it.. Oh, Broadcast.com, or TV.com or Television.com or News.com. And you’ll own the website and the URL in exchange.”
Yes, there were lots of domain name opportunities that many of us missed in 1992. I was 13 years old in 1992, but there were still plenty of other excellent domain names available for the next several years. There’s no point in thinking about what could have been.
In the few years that followed, many people bought excellent keyword domain names like the ones referenced by Rosenblum. He might have been able to make millions of dollars by buying one of those domain names back then, but there is no guarantee of that. Perhaps he would have been lured by a 5 or 6 figure offer a short time later and sold it for short term riches. Perhaps he would still be holding onto the domain name hoping a better offer comes some day. Perhaps the domain name would have accidentally expired and instantly registered by Yun Ye. Hindsight is always 20/20.
For many of us, even some of the younger people, there were opportunities that we missed. There are many people who are active in the domain investment space who still see opportunities to buy great domain names, and money is made daily. For instance, someone who bought two letter or two and three number .com domain names in the last 5 years would be handsomely rewarded today.
Most of us have a touch of regret for not buying and holding onto great domain names back in the 1990s. In my humble opinion, there is still a lot of money to be made from domain names, and there are quite a few people proving that every day.
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