In preparing for a few “end of year” type posts, I realized not only are we about to say goodbye to 2009, but to the decade in which domaining was basically born.
The 2000’s, what a decade it was.
Filled with huge, almost non-stop life changing news, events, and technologies
Even before the decade started, millions of people thought the world was going to come to a halt when computers hit 1.1.2000 (few original computer programs anticipated a year starting with something other than “19”) causing everything from power plants to traffic lights to banks to stop functioning.
Yes there were people, I even know one personally, that sold everything they had in anticipation of 1.1.2000, moved into the woods with there own generators, cash, food and ammo to wait out what they were sure was going to be the crisis caused by what came to be known as Y2K.
The decade then started out with the US presidential election being decided by “hanging chads”, with 24/7 TV coverage of among other things, vote counting, crowd protests, court hearings, with the whole mess winding up at the Supreme Court.
The next year, 2001 brought the worst attack on US Soil on 9/11, which lead to 2 wars, trillions of dollars spent fighting, and a priceless amount of lost human life.
During the decade we had mad cow disease, SARS, the Swine Flu, and a hurricane which destroyed a large part of New Orleans and the Mississippi gulf coast.
The stock market crashed not once but three times.
The tech bubble burst in 2000.
How much money was lost in the market is 2000?
Check out this chart from cnet.com:
After the 9/11 attacks, and in wake of the Enron scandal the market tanked again in 2001.
Of course last year, the Dow sank 34% the worst decline since 1931, as some of the biggest financial firms and banks seemed to go broke over night either going into bankruptcy like Lehman Brothers or sold for a fraction of their price just months earlier like Bear Stearns and Wachovia Bank.
Then there was a guy named Madoff who plead guilty to $65 Billion ponzi scheme.
Overall this decade has been the worst performing decade in the history of the stock market with the S&P 500 down over 22%.
This decade also gave rise to the real estate boom and saw the collapse of the real estate market when the housing bubble popped.
It’s probably safe to say that this decade saw more fortunes made and more fortunes lost than any previous one.
The decade also saw the birth of FaceBook, Twitter, Craigslist, the iPod, iPhone, and YouTube.com
Its the decade when the promises and power of the internet was fulfilled and realized.
2000 also marked the decade where the business of domaining was born.
Yes I know that many people registered and bought domains well before 2000, and GoTo.com the first real PPC company started in 1998.
But we all know that the business of domaining didn’t really get going until Google kicked in.
Once Google’s PPC money flowed into domainers pockets, the business of acquiring, selling and monetizing domains got going as a real business model.
Personally, although I registered some domains as far back as 1997, I first registered MostWantedDomains.com on December 27, 1999 and it did not go live until 2000.
Who knows what the next decade is going to bring.
Judging from this one, all we can say for sure, are the world is very fluid and can literally change to some degree overnight.
And some of the most successful business that will exist on December 31, 2019 haven’t been started yet.
Now go to work.