Vice.com just did a story of about Gary Millin of World.com who has one of the great domain name Portfolio’s in the world.
Unfortunately the author of the story, Jason Koebler chose to go with the “S” word to describe the amazing portfolio of assets they have put together (“Squatting”) rather using the proper term Domain Investor.
World Media Group, LLC is the owner of such amazing domain names as Teacher.com, Accountant.com, Post.com, and World.com to name a few (you can see the chart at the top of the story for some others they own or have leased out).
“Having already sold Kosher.com, London.com, and England.com for a couple million bucks, Millin realized that there was a lot of money to be made in the domain name game. In 2007, he started World Accelerator, which is where things get a bit weird.
“You can no longer buy a domain name from Millin. Instead, he will work with your company (or your idea for a company) to build out a product, then he’ll lease or lend you one of his domain names in exchange for partial ownership. In some cases, he says that companies will buy the domain name entirely, but only once they’ve become successful businesses.”
“for the last 21 years, Gary Millin and his colleagues at World Accelerator have been slowly accumulating a veritable treasure trove of seemingly premium “generic” domain names. For instance, Millin owns, has sold, or has bartered away world.com, usa.com, doctor.com, lawyer.com, comic.com, email.com, cyberservices.com, and more than 1,000 other domain names that can be yours (including yours.com, which he owns), as long as you’ve got the startup idea to back it up.”
Millin is quoted as saying:
“”A lot of times, a strong dot com domain is a great brand, even before a business is even built,” he said. “We have these underutilized assets, and we want people to use them. It’s like, we have a giant parking lot on Madison Avenue. It hasn’t been developed, but it’s there. You match the right team and the right idea, and then you have this brand to accelerate its growth.””
Instead of a rags to riches story or a story about a visionary who saw things years before others did as you would find about any other industry, the story still carries that negative taint of cybersquatting.