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69 Comments
- inactive, on 10/12/2007, -2/+19Personally, I prefer Cotton Candy Bubblicious...
Fact: The population of African Elephants has tripled in the last 6 months. - tooslickvan, on 10/12/2007, -2/+15have you been using this http://dack.com/web/*****.html too much
- inactive, on 10/12/2007, -4/+16Dude! It is tech news! This is a social (tech) news website! We can Digg whatever the hell we want! If you don't like it quit whining and piss off to Slashdot!
You'd think a guy with Chuck Norris as his icon would have a sense of humour. - AhmedF, on 10/12/2007, -0/+10An inconvenient tusk :)
- AhmedF, on 10/12/2007, -0/+10So wikis are worth 50 million+ ?
I agree that domains are virtual real estate, and top domains can generate a crapload. But I still don't see wikis as a full business .... yet. - j4s0n, on 10/12/2007, -0/+9that's damn BIG money
- Hardcase, on 10/12/2007, -0/+6@Blitzenn
If it's on Wikipedia, it's got to be true. Keep up with the news, son. - Insolence, on 10/12/2007, -1/+7@JohnGotts, LOL!
Where's a MySpace cry-blog when you need it? Sorry you wasted my time with that post, I could've been reading something interesting.
Bummed at feeble attempts of rectification. - Mike89, on 10/12/2007, -0/+5I seriously doubt that site will end up with content. It'll end up filled with ads like the domains being squatted. 'Commoners' will hear about Wikis on the internet and simply type "Wiki" in the address bar... Bam, page filled with ads.
And, for the company, Bam, revenue. - j4s0n, on 10/12/2007, -1/+6What's the problem getting this on the front page? Mr. Chuck Norris?
- scottylist, on 10/12/2007, -0/+4Kinda makes you wonder if http://www.TheRecordBreakingDomain.com could actually break the Sex.com record. $3 million for www.wiki.com is an incredible amount of money!
- inactive, on 10/12/2007, -0/+4@Blitzenn: You blink, you miss something. This was from a Digg a couple of days ago, Steve Colbert's report on Wikipedia and the chaos of editing about the African elephants that followed.
- calpaully, on 10/12/2007, -0/+3The problem with TheRecordBreakingDomain.com is that there is zero sustainable profit potential in that site. For a company to spend that much, they want a domain that is easy to remember and fast to type, and will draw traffic. If they set up wiki.com with thousands of ad-supported wikis, they can potentially make back their money pretty quickly.
No company will buy that recordbreakingdomain site because the news-generated traffic it will get for the few days after it sells would not come close to generating enough revenue to make a profit. That guy's real talent is getting poor schlubs to link to his cheesy site or buy his lame merch by promising them some prize money that is never ever going to actually come. - paragonconcept, on 10/12/2007, -0/+3Re:
If your neighbor gets screwed over and pays 4 times what his home is worth because he doesn't know any better does that mean there is a housing bubble?
_______
actually - yes..... that is exactly what a housing bubble is! Your sarcasm has back fired, Just like all the dumb schmuks here in San Diego who dropped $650,000 on a 3 bedroom 2 bath house 30 miles away from the coast..... that is a bubble. It has burst... plz die - jangelo, on 10/12/2007, -1/+3Do adware and wikis mix well?
- ,,|,_, on 10/12/2007, -0/+2I remember that too... I stopped reading FG after Scrivs sold it and it became 99% recycled stories from digg.
- johngotts, on 10/12/2007, -1/+3Hey David,
Domains are magic. From adware.com to searching.com to wiki.com, isocial.com and fightclub.com the value of a domain comes down to its ease-to-remember and obvious use. Wiki.com is such a great site but the price comes down to one thing really and that is how much money can you generate from the site. My ultimate purchase of this domain will come to an ability to pay the domain off over five to ten years so far as return on investment, then it is just re-newing the domain each year for $7.95. So for this domain to work we will need to see $24,000 a month. That amount should not be very difficult, you are talking about less than a thousand dollars a day. Consider this: I have read that Firefox brought in $60M last year just from the Google search box in the browser. If you have a great product and lots of natural traffic then your site is bound to grow. If you have to spend lots of cash to get the original traffic then you really need luck on your side. Wiki.com is one of the best names on the Web and I believe it will be a great investment. Only time will tell. BTW - Adware.com was purchased for $100,000 and paid itself off selling anti-spy software in just eighteen days. It all comes down to traffic, great product and luck. But you start with a great, generic, natural-traffic domain.
Cheers, John - dweekly, on 10/12/2007, -0/+2http://pbwiki.com/ gives you free, protected, hosted wikis for all and has for over a year. :) Check us out!
- NerveBand, on 10/12/2007, -1/+3Quick Question: Wasn't Forevergeek.com Banned For Whatever Reason?
Here's the post on DiggTheBlog:
http://diggtheblog.blogspot.com/2006/04/digging-fraud.html
My Opinion: Keep it banned. If it influenced digg inflation, then bringing it back will, by no means, help digg at all become a more content secured website. - vincentb, on 10/12/2007, -0/+2joel2600 is right. Here is nothing like a bubble. A speculative bubble happens when people rate some purchasable good higher than it's real value. There is no clue here about what is the real value of the domain. $3 million may seem high but if the domain name attracts a thousand time more people than an another domain worth 3000$, then that's it, you're getting paid back, no speculation here and definitely no bubble.
- eeedc, on 10/12/2007, -0/+1At first glance, I did not think one could earn enough from text ads to recover $3M, and guessed that you were trying for VC for a JotSpot-like business model.
But if it's like web hosting affiliates, and Wikis require web hosting, and you earn $60+ per account, it might work. 1000 customers per month - Maybe if you turn up above the fold in search engine results and add real content.
Not a bad domain or brand name.
Note to others who think they have a million dollar domain name: only a few things such as web hosting, dating memberships and porn subscriptions can earn $60 per customer and only a few great domain names for each, such as sex.com.
Good luck with your venture - johngotts, on 10/12/2007, -2/+3Hey SomebodyinDC,
I lived in Sun Valley for about ten years. Great skiing, snowboarding, hiking, biking, etc. Love it there and still have my now 4-year-old wolf, Max, who was born there. I recommend it to anyone who likes fresh air and blue sky. They call it Sun Valley and not Cloudy Valley for a reason.
But now I will be heading to London to trade that in for rainy weather. What was it the Beatles said? ...get your tan from standing in the English rain... goo goo ga choob...
why do you ask?
Cheers!
John - gd007, on 10/12/2007, -0/+1how much for my http://funnydomainnames.com/?
- SwordofKahless, on 10/12/2007, -0/+1Obviously there were sites-ideas in the last dot com bust that deserved to go under. But the pendulum went way too far the other way considering there is no stopping the migration of users from old media to new media. All this recent talk about 2.0 bubble ready to burst is just talk and in fact I think a second boom is coming.
This coupled with the housing market ready to burst the money will likely move from real state to investment in new media. Bottomline is good dot com domain names are way undervalued and sales like this are a sign of things to come. - incongruity, on 10/12/2007, -0/+1No, a housing bubble is when a bunch of people do that. One incident (or one fool doing something repeatedly, even, does not a bubble make)....
- cosmotic, on 10/12/2007, -0/+1You're a tool 3.0?
- johngotts, on 10/12/2007, -2/+3You are correct that it is an option. We are willing to spend $60,000 to make sure this is indeed going to be a profitable venture before committing the balance. Ideally six months will provide us that opportunity and I am willing to spend $60,000 over that period to be sure of that, so this doesn't become a bad business move. Perhaps you would have just thrown the $2.86M on the table but if I want to gamble like that I think I'll go to Vegas. But even in Vegas I don't know that I would place a single bet of this caliber. Assuming that we do make enough from ads and premium accounts with an affiliation to JotSpot software allowing people to create free wikis or pay for premium wiki products and if it shows that it can pay for itself in five to ten years, then we have a winner. Only time will tell and in the meantime the $60,000 is just another expense in doing business. Cheers!
- Steff, on 10/12/2007, -0/+1My proof reading skills dont come free. That'll be Half a Mil please. When you're ready.
- mannoo2009, on 04/10/2009, -0/+1my web hosting reviews website valued over $70,000 : http://www.webhostingreviewz.com
- AhmedF, on 10/12/2007, -0/+1Pure cash deal. This is not another business.com
- Zippo, on 10/12/2007, -0/+1I'm thinking you are. I'm a pretty likeable guy.
- johngotts, on 10/12/2007, -2/+3Actually adware and wikis don't mix. If you read what they said I am the owner of adware.com, if you go there you see if forwards to PCSafe.com, which is my ANTI-spyware and ANTI-adware site, which is how my father and I started on the Web. With nearly ten million downloads I hope that we have helped many people stop adware from infecting their PC. As to Wiki.com, like Searching.com, which will have a very new clean and wonderful AJAX interface, better content, etc. than the current old site, we will create a site for anything to do with Wikis. To start we will license JotSpot software to host collaborative efforts for anyone who wants a public or private wiki. We will also provide links to Wikipedia, Wiki News and WikiIndex.com. We will see how it all ends up but this is an exciting venture and one that I believe will benefit the Web.
Cheers, John Gotts - eeedc, on 10/12/2007, -0/+0Valleywag story/interview on Wiki.com
http://valleywag.com/tech/top/gotts-milks-an-interview-with-the-man-who-bought-wikicom-194194.php#more
A bit optimistic, especially the valuations in my opinion. - snowbaby, on 10/12/2007, -0/+0here's what my wife cost me in distractions during college...
sex.com - 14 mil, 2005
beer.com - 7 mil, 2004
creditcards.com - 3 mil, 2004
vip.com, 1.4 mil, 2005
fish.com, 1 mil, 2005
i'm doing the math, and frankly... - jackyjackrabbit, on 10/12/2007, -0/+0Has anyone been to wiki.com lately? It simply forwards to wikia.com. It would appear that John Gotts has defaulted on his deal with Dynamo.com, and that ownership of wiki.com has been transferred back to its original owner.
I wonder what John Gotts' next venture will be. I bet vaporware.com is up for sale... - MarkDilley, on 10/12/2007, -0/+0I for one hope that a business model can emerge and this deal goes well. More spotlight on "web 1.0" technologies, i.e. the read/write web that is being touted as "web 2.0" is an important evolution for the internet. IMHO.
- angler8890, on 10/12/2007, -0/+0There is no clue here about what is the real value of the domain. $3 million may seem high but if the domain name attracts http://www.ggld.info/sitemap.htm a thousand time more people than an another domain worth 3000$, then that's it, you're getting paid back, no speculation here and definitely no bubble.
- eeedc, on 10/12/2007, -0/+0from link:
"The contract (which we have seen) calls for Gotts to make six monthly payments of $10,000 each, followed by a huge balloon payment of $2.8 million before the domain is transferred."
$10,000 per month looks more like an OPTION to buy to me.
And not clear if the $2.8million is in cash or private untradable stock.
And "Sold" looks like an overstatement if the contract is not ironclad. - strictnein, on 10/12/2007, -1/+1There is no clue here about what is the real value of the domain. $3 million may seem high but if the domain name attracts http://www.ggld.info/sitemap.htm a thousand time more people than an another domain worth 3000$, then that's it, you're getting paid back, no speculation here and definitely no bubble.
- Steff, on 10/12/2007, -0/+0a $3 million website with only 6 sentences on it.. You'd have thought they'd have proof read it first.
Third sentence - "uesernames" - mm1220, on 10/12/2007, -0/+0Why do you love it? It means that no-one can read the story.
- snowbaby, on 10/12/2007, -0/+0genius. squat on a great generic and then burn your visitors and embarrass yourself by wasting it on affiliate links. a cheap and easy wiki-for-everyman, ad-space-funded site is wayy overdue---a wiki for your kids' scheduling, a wiki so my guys at work know where we're at on our build, a wiki for planning group vacations... there are scattered places to do the whole updateable webpage thing, but the mainstream is sitting there waiting for this kind of site. too bad i didn't have 3 mil to blow...
- snowbaby, on 10/12/2007, -0/+0i've never heard of those places (but thank you for the reference--i wonder if they're useable on our treos). thas' tha prollem...and the point of investing in a wiki.com. some brainiac group like google is eventually going to put some advert money into launching this concept nationwide. i wouldn't want to put a billion in marketing money towards launching a domain that wasn't going to do some of my work for me...
where was i when these generics were registerable? drinking? going to college? finding love? this is all my wife's fault...
even google's people are whining about no more good dotcoms...
http://www.ecommercetimes.com/story/D6BM40gZINDKtX/Developers-Fret-Over-Domain-Name-Drought.xhtml - somebodyinDC, on 10/12/2007, -1/+1I love Sun Valley, although I did most of my skiing farther north.
And granted the question about Idaho was not subject related.
I just read an article and it said as much, so being from Idaho myself (Coeur d'Alene), I thought I'd ask. I'd would have sent an email but could not find an address for him.
On the domain topic, John and others, I have some good ones, with ideas behind them.
Just trolling for help or ideas on where to take them.
I am david at somecomputer dot com - SilverRocket, on 10/12/2007, -1/+1hey john et al, take it to a hotel room already!
- teddyrux, on 10/12/2007, -0/+0I love how sites that are brought to popularity through digg crash the fastest.
- eeedc, on 10/12/2007, -0/+0A few wikis, such as Wikipedia are very popular and have many readers.
But I think many people read one or two wikis, few people edit or contribute to wickis and even fewer people/companies have their own wiki and have paid any money for a wiki.
I haven't looked into it, but while I have seen a few articles on the "future" of corporate/group wikis, I can't recall ever seeing data on their being even a few thousand paid wicks.
This is in contract to adware, where many people pay. Adware.com was also helped by being close to and sounding like a product named "Ad Aware."
Shameless promotion of my free book on domain names: For a PDF book on domain names see http://www.seemly.com - eeedc, on 10/12/2007, -0/+0The site was down, and I did not see any other stories on Google news, but sounds more like a publicity stunt than bubble to me.
Release a press releases saying you bought a domain name for $3 M when it's really $300,000 and $2,700,000 in untradable private stock and you get publicity.
For a PDF book on domain names see http://www.seemly.com - eeedc, on 10/12/2007, -0/+0ouch, sorry for typos. serves me right for using a spelling checker that does not have wiki in it. Digg, update your spelling checker.
- eeedc, on 10/12/2007, -0/+0I haven't used the sites myself, but I think the founder of Wikipedia offers an ad-supported wiki, Wikia (he saved $3 million by adding the "a" to wiki). Jotspot and Wet Paint also offer free personal wikis, as loss leaders to get corporate business.
For a partial review see:
http://www.troyangrignon.com/blog/_archives/2006/7/10/2096534.html -
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