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Dear IREIT, Is Anybody Home? Does Anyone Work There Any More?

31

About 10 days ago, I posted an article about Internet REIT's new website, DomainMarketplace.com.  I had received an email from Lisa Box who is VP of Sales at IREIT announcing the newly launched domain sales website.

Actually, that last sentence should read "was VP of Sales at IREIT."  Apparently, Lisa no longer works at the company, as I found out when I tried to send her an email with an offer on two domain names I am interested in buying. According to her updated LinkedIn profile, Lisa is now Senior Director of Sales at Oversee.net (congrats to both).

When the email to Lisa bounced back to me, I sent another email to a second contact I have at the company who handled a couple of sales for me several months ago. That email also bounced back to me as undeliverable.  I finally sent an email to the email address on the website, and that also bounced back as undeliverable.

I made an offer directly on the website for one name, and I would like to buy a second domain name at the asking price, but I don't know who to contact → Read More


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Oversee Announces DomainFest Prague

7

Domain FestDomainFest Global is set become a fully "global" conference. For a couple of weeks now, I have heard rumors that Oversee was thinking about - or planning to have a DomainFest conference in Prague, Czech Republic, and this information has just been confirmed by the company. DomainFest will be held in Prague for two days, from October 6 - 7, 2010 at the Intercontinental Hotel.

I have been planning to attend the Traffic conferences in Vancouver in June and Hong Kong in November, and I may add this one to the list. Prague is a city that I've wanted to visit for quite some time, and now I should be able to make a "business case" to attend.

Full details can be read in the Oversee press release:

DomainSponsor®, the domain monetization business unit of Oversee.net® and organizer of the DOMAINfest® series of conferences, said today that it will expand the highly regarded franchise into Europe with a conference in Prague, Czech Republic.

The two-day event will be held Wednesday and Thursday, October 6 and 7, 2010 at the landmark → Read More


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Questions to Ask Oversee CEO

16

Oversee.net LogoMike Berkens told me that he and some other South Florida domain investors will be meeting with Oversee.net CEO Jeff Kupietzky this evening in Boca Raton, Florida. Since I can't be in Florida, I wrote a list of questions that I shared with Mike that I would like to see answered.

I think it's good that Jeff is reaching out, and obviously this is going to be a casual get together rather than a grilling. Additionally, I am sure he won't be able to address any of the legal issues surrounding the case, so there really isn't a point in asking those questions.


  • When did Oversee learn about bidding by an employee?

  • How did Oversee learn that an employee had been bidding?

  • Why did nobody ever investigate bidder "halvarez" after so many complaints over the years?

  • Did Oversee executives ever try to speak to or meet with "halvarez" who accounted for a % of Snapnames revenue?

  • What measures are in place to ensure insider bidding doesn't happen again?

  • How can domain investors trust Snapnames/Oversee when we were assured halvarez was a → Read More


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Pressure is on Oversee.net

12

Oversee.net LogoBased on events and announcements throughout the domain industry during the last couple of years, as well as declining PPC earnings trends and harsh economic conditions, I believe there must be considerable pressure on Oversee.net. Here's a quick third party view of things that have transpired.

Oversee.net purchased Snapnames, which was the leading platform to purchase expired and deleting domain names. They had many exclusive drop catching deals in place with some of the leading registrars.

A few months later, Enom launched Namejet, a direct competitor to Snapnames. Some of the exclusive registrars later shifted from Snapnames to Enom, costing Snapnames some of the better dropping domain names.


Oversee purchased Moniker a leading domain registrar and auction house that primarily held its live auctions at TRAFFIC shows during the year, grossing millions of dollars. TechCrunch reported the purchase price at $65 million.


Oversee announced staff layoffs.


Oversee holds a great annual domain conference in January, → Read More


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