Founder of Diapers.com Buys Jet.com From Chernoff, Backed By $55 Million To Take On Amazon

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Recode.net, just published a post entitled “The CEO Who Sold Diapers.com to Amazon Raises $55 Million to Challenge Amazon Again

Marc Lore, the former CEO and founder of Diapers.com, which the parent company Quidsi, was sold to Amazon in 2011 for $550 million, has raised $55 million to build out a new e-commerce company called Jet.com

“The deal values Jet at well more than $100 million” according to the story

Jet plans to operate out of Hoboken, N.J., and is expected to launch in 2015.

Jet.com was owned by the legendary domain investor Garry Chernoff when it was acquired in  January 2014 by Mr. Lore and company.

Jet.com has been owned by Mr.Chernoff since at least 2004 according to DomainTools.com

 

 

Verisign Goes Rogue: New gTLD’s: “Registration Numbers on Par With .Co” & .Net is Like One

During ts earnings call today Verisign (VRSN) brushed away the new gTLD’s saying “Gross registrations for new gTLD’s are at 1.6 million which puts them on Par with .Co”

Ouch

Verisign’s Representative went further to say that no one should build a conclusion on the new gTLD program until we go through a re-billing cycle (which we happen to Agree with)

“I think what you saw in the second quarter is a lot of confusion in domains including new gTLD’s in both the singular and plural of the same .word

Fair enough

But then Verisign went down the attack the domainer path otherwise known as biting the hand that feeds you saying:

The vast majority of the new gTLD registrants are Speculators”

Who would have thought?

One Stock stock analyst that covers Verisign asked:

“Do you know the amount of domain speculators that still own .com/.net domains, I think at one point when you reported it in 2012 was around 17%”

The Verisign Representative was then asked what the percentage of .com and .net domain names where registered to domainers, or domain investors or Verisign seems to like to call us “speculators”

I thought last time you reported that number in 2012 it was like 17%.

The Verisign Rep then spent the rest of his time, some 10 Minutes distinguishing between a guy like me, a domainer, domain investor, a “speculator” from himself who may have registered some names for future use but was definitely not like me.

Yup

That Verisign guy is way different from me.

I’m the one who has spent Millions and Millions of dollars paying Verisign to keep domains I think I can sell at a profit with no promise of a positive return

MapsWithME.com With over 4 Million Users Re-Brands as Maps.Me

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The .Me registry announced today in a blog post, that MapsWithME.com has rebranded as MAPS.ME

The company is the creator of an App which boasts over 4 million users.

The App is available for iOS, Android and BlackBerry.

This startup uses OpenStreetMap data to provide access to highly detailed offline maps of, virtually, every country in the world.

In addition to having the entire world at your fingertips the app offers plenty of other features that make your travel light (and carefree), like the ability to bookmark the places of interest and share the current location via text message.

With the rebranding to MAPS.ME, the service also underwent some major improvements to the core functionalities such as simplification of search process by adding “search by address”.

“When making a decision to rebrand to a new name, we were guided by the principle ‘Simplicity is perfection’”, says Yury Melnichek, the CEO and founder of MAPS.ME. “And MAPS.ME is shorter, more searchable and much more appealing, especially to our non-English users base.

After finding the perfect name, revamping the user interface and improving the search, I can proudly say that we are on the right way to make the best offline maps experience in the world”.

“With the vast number of online businesses and service the difference between success and failure can be whether or not customers remember your name. We were well aware of this when we launched .ME Premium Domain Program and the allocation of MAPS.ME came as a reassurance.

It is easy to see that there is a perfect match between a memorable domain and an extremely handy service. I am sure they will keep making the travel experience better in the years to come”, says Predrag Lesic, the CEO of the .ME Registry.

Did Lebron James Lease or Buy Lebron.com? After 6 Years Domain Points To LebronJames.com

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CBSNews.com published a blog post about a week ago about a domain investor who owns Lebron.com since 2008.

The story,  which in a very positive light,  chatted about a domain investor, Patrick Nagle. whom they described as a “Tech-savvy Maryland businessman”.

“As millions of basketball fans search online for news of what team free agent LeBron James will be playing for next, Mr. Nagle has found a way to benefit.

Type in LeBronJames.com and you go to James’s official Web site. But type in lebron.com and you’ll end up wherever Nagle directs you. Nagle bought the domain name lebron.com back in 2008.”

“Now he has taken all of the Web traffic looking for basketball news at Lebron.com and directed it to Nagle’s own personal LinkedIn profile instead.”

In an email to CBS News today, Nagle says, “I’ve been buying and selling Internet business for the past 15 years (since I was 16). I stumbled across Lebron.com when I co-founded OurSpace.com in 2008, an Urban Social Network, (later acquired by News Corp). I thought lebron.com was a great domain, so I bought it.”

Now about a week after CBS News published the story the domain name Lebron.com is forwarding for the first time since 2008 to Lebron James Official site LebronJames.com

The whois record has not changed so we don’t know if there is a lease and/or sale in the works, or maybe Mr. Nagle responded to a C & D letter based on the story.

We don’t have the answer yet but the timing of the forwarding of the domain to Mr. James official site on the heels of the story would seem to indicate something is in the works.

As for Mr. Nagle he seems to be another one of those people who has been in the domain investment space for a very long time but isn’t a well know figure in the community but appears to be making some big money from domaining.

The article goes on to quote Mr. Nagle to say:

“I recently re-sold MarijuanaMD.com in less than week for mid six-figures after acquiring it for $800.

I don’t know what Lebron.com is worth — but I do know it is a quality generic name.”

Nagle says he owns or runs around 3,000 domains and web properties, but has “stopped buying and selling to focus on a new business.”

After Losing MyArt.com in UDRP, Fed Court Awards Owner Domain + Damages + Attorney Fees

According to a post on the site of the law firm Lewis & Lin, the domain owner of MyArt.com who lost a UDRP in April, filed a lawsuit in federal court and not only stopped the transfer of the domain name but got an award of statutory damages, attorney’s fees and litigation costs.

We wrote about the UDRP back in April of this year and noted it was the 2nd UDRP filed by the same complaint on the same domain.

David Lin, Esq. writing on his firm’s site in a post entitled: “Reverse Domain Hijacking Defendants Consent to Judgement” says:

Reverse Domain Hijacking Defendants Consent to Judgement – See more at: http://www.ilawco.com/blog/reverse-domain-hijacking-myart.html#sthash.KXCiEDeU.dpuf

“After losing a UDRP proceeding by default, the owners of MyArt.com retained Lewis & Lin to stop the transfer of the domain name under ICANN rules.

Lewis & Lin immediately filed suit in the U.S. District Court for the Southern District of New York against My Art SAS, a French company engaged in the sale of artwork, and its principal shareholder. Our complaint sought relief for reverse domain name hijacking under the Lanham Act, as well as related state unfair competition claims.

Barely a month after being served with the complaint, defendants issued an offer of judgment consenting to all of the declaratory relief that we sought on behalf of our client.

Defendants also offered a monetary judgment in an amount that included statutory damages, attorney’s fees and litigation costs. The offer of judgment was accepted and judgment was entered in favor of our client.

This case illustrates that a UDRP loss has absolutely no bearing on subsequent litigation between the same parties and the same domain name. A UDRP panel’s decision, which is not based on U.S. trademark law, will be entitled to no deference, and will have no preclusive effect in a federal court case. For domain name registrants who fall victim to the efforts of reverse domain hijackers attempting to seize a domain in the UDRP process, there is hope to recover a hijacked domain.

Simply by filing a federal lawsuit and requiring the attempted hijacker to defend their actions, a domain name registrant can keep what’s rightfully theirs. For more information on reverse domain hijacking and the UDRP, contact David Lin at Lewis & Lin LLC.”

We are thrilled that a domain name owner stood up for his rights, took the horrible UDRP decision to court and not only quickly got the transfer of the domain name stopped but also got damages, attorney fees and costs.

Big congrats to