Developed Names - Domain Name News Aggregator

CNN has a video about the DomainFest NYC Auction on their CNN money site. The video features Ovesee.net CEO Jeff Kupietzky, Domain Broker David Parkinson and Domain Investor Kevin Wood and shows the final moment of the sale of NewYorkApartments.com and another domain.

CNN has a video about the DomainFest NYC Auction on their CNN money site. The video features Ovesee.net CEO Jeff Kupietzky, Domain Broker David Parkinson and Domain Investor Kevin Wood and shows the final moment of the sale of NewYorkApartments.com and another domain.

[Ed. I can't believe I had to type in the embed code - the embed feature for the video on the CNN site didn't work for myself and 3(!) other people that tried it]

(c) 2010 DomainNameNews.com

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Domain Names Auction, CNN, David Parkinson, Domain Auction, domains, Jeff Kupietzky, Kevin Wood, Moniker, new york, NewYorkAppartments.com, oversee.net, Video

As noted during our unofficial live blogging of the SnapNames/Moniker Live auction results, the SnapNames live system marked a number of names as sold that weren’t sold. Thus we’re following up with a separate post with the official results, which show 17 domains sold for a total of $1,801,900.

As noted during our unofficial live blogging of the SnapNames/Moniker Live auction results, the SnapNames live system marked a number of names as sold that weren’t sold. Thus we’re following up with a separate post with the official results, which show 17 domains sold for a total of $1,801,900.

Names not sold in the live auction are now being offered in an extended silent auction which ends Wednesday, August 25, 2010, at 3:15pm ET (12:15pm PT).

(c) 2010 DomainNameNews.com

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Domain Names Domain Auction, live auction, new york, oversee.net, results, SnapNames

We will be were live blogging the auction results of the auctions at the DomainFEST Power Networking Day in New York City. As always we do not guarantee the accuracy of these results. Unsold names will be included in the Extended Silent Auction which will run for the next 7 days until August 25, 2010, Wed at 3:15pm ET (12:15pm PT).

We will be were live blogging the auction results of the auctions at the DomainFEST Power Networking Day in New York City. As always we do not guarantee the accuracy of these results. Unsold names will be included in the Extended Silent Auction which will run for the next 7 days until August 25, 2010, Wed at 3:15pm ET (12:15pm PT).

According to our unofficial tally, the live auction sold 35 domains for a total of $4,789,400, but once again some of the domains shown on the Snapnames auction interface were marked as sold despite bids under the reserve range. At the end of the auction Monte stated that the sales total was $1,8m USD. The official results from Oversee.net are here.

You can see the live blogged results after the jump.

Please note that we reported the results as shown by the Snapnames Online Bidding system, which displayed some domain names selling well under their reserve range.

(c) 2010 DomainNameNews.com

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Domain Names .NYC, Domain Auction, DomainFest, live auction, Moniker, new york city, oversee.net, SnapNames

According to a spokesperson of Oversee.net their subsidiary Moniker.com has successfully brokered TShirts.com, t-shirt.com, t-shirts.com, tee-shirts.com and tees.com for $1.265 million.  The buyer is Costumes Galore, Inc.

According to a spokesperson of Oversee.net their subsidiary Moniker.com has successfully brokered TShirts.com, t-shirt.com, t-shirts.com, tee-shirts.com and tees.com for $1.265 million.  The buyer is Costumes Galore, Inc.

<Editors Note> According to Oversee staff, there was an error in the press release. The domain Tshirt.com, previously mentioned in this report, was not part of this deal.

(c) 2010 DomainNameNews.com

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Domain Names Costumes Galore, Moniker, oversee.net, T-Shirt.com, T-Shirts.com, Tee-Shirts.com, Tees.com, TShirt.com, Up to the Minute

As reported by DNN on twitter, Oversee.net’s CEO Jeff Kupietzky was a guest on “The Call” on CNBC yesterday. Here’s a video of the interview.

As reported by DNN on twitter, Oversee.net’s CEO Jeff Kupietzky was a guest on “The Call” on CNBC yesterday. Here’s a video of the interview.

[via Youtube User "friendsofepik"]

(c) 2010 DomainNameNews.com

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The 2011 DOMAINfest conference, held by Oversee.net will return to this year’s venue, the Fairmont Hotel in Santa Monica, again taking up the entire hotel. The event will take place from February 1-3.

The 2011 DOMAINfest conference, held by Oversee.net will return to this year’s venue, the Fairmont Hotel in Santa Monica, again taking up the entire hotel. The event will take place from February 1-3.

From the press release:

The highlights from last year’s conference included a keynote fireside chat with Zappos.com CEO Tony Hsieh, plus DomainSponsor’s Pinup Paradise Fundraising Party at the Playboy Mansion, benefiting Jenny McCarthy’s Generation Rescue Foundation. More than 650 domain name investors, online marketing and advertising professionals, and leading service providers engaged in meaningful discussions and good fun at DOMAINfest Global 2010.

See the full press release after the jump.

DOMAINfest Global® Conference Will Be February 1-3, 2011

DomainSponsor® Again Reserves Full Fairmont Miramar Hotel in Santa Monica for Conference

LOS ANGELES (June 22) — DomainSponsor, the domain name monetization division of Oversee.net®, announced today its annual DOMAINfest Global conference will be held
February 1-3, 2011 in Santa Monica, Calif.

Based on popular demand, the conference will once again be at the luxurious Fairmont Miramar Hotel. The entire hotel property has been reserved exclusively for this event, in order to create a relaxed, intimate environment for networking and personal meetings.

Speakers, Agenda and Evening Entertainment
Attendees can expect an agenda offering thought-provoking sessions, expert panelists, business building networking opportunities and first-class evening entertainment.

The highlights from last year’s conference included a keynote fireside chat with Zappos.com CEO Tony Hsieh, plus DomainSponsor’s Pinup Paradise Fundraising Party at the Playboy Mansion, benefiting Jenny McCarthy’s Generation Rescue Foundation. More than 650 domain name investors, online marketing and advertising professionals, and leading service providers engaged in meaningful discussions and good fun at DOMAINfest Global 2010.

To view testimonials and photos from last year’s event, and to see additional information on DOMAINfest Global 2011, visit www.domainfest.com.

Agenda details for DOMAINfest Global 2011, including session topics and evening entertainment will be published on August 18, 2010.

DOMAINfest Global 2011 Registration Details
Online registration will open August 18, 2010 with an Early Bird discounted rate of $995, available through September 30, 2010. After that date, registration increases to $1,195. Registration covers all meals, sessions, networking activities, exhibit hall entry and evening entertainment.

DOMAINfest has arranged for discounted hotel room rates at the Fairmont Miramar hotel. For details on how to make reservations at the discounted rate, please visit:
http://www.domainfest.com/DOMAINFESTGlobal2011/hotel.

Moniker Premium Domain Name Auctions
Moniker® will host two live and one extended online auction at DOMAINfest Global 2011. Domain name sellers and buyers can find details on all Moniker auctions at http://domainauctions.moniker.com.

Sponsorship Opportunities Available
Information about sponsorship and exhibitor opportunities will be posted on the domainfest.com website on August 18, 2010. Inquiries can be sent to sales@domainfest.com.

DOMAINfest Franchise Expanded
Based on the success of the annual DOMAINfest Global conferences held in southern California, DomainSponsor has expanded the DOMAINfest franchise in 2010 to include a series of new regional events. These events are designed to make DOMAINfest’s highly regarded learning and networking opportunities more accessible to regional domain investors, internet marketing professionals and service providers.

Upcoming events include a DOMAINfest New York City Power Networking Day on August 18, and DOMAINfest Europe in Prague on October 6-7. Registration is now open for both these events. The recent DOMAINfest Fort Lauderdale event on May 13 attracted 135 attendees.

Keep Up-to-date On All DOMAINfest News
To keep up with news and updates on all DOMAINfest events, interested parties are encouraged to sign-up for DOMAINfest email alerts at http://www.domainfest.com.

About DOMAINfest
DOMAINfest is dedicated to the success of domain owners worldwide. Founded and hosted by DomainSponsor, the domain monetization division of Oversee.net, DOMAINfest brings domain industry professionals and online marketing and advertising experts together to learn, network, and do business. To register or to get more information about DOMAINfest Global 2011 – including sponsorship and exhibitor opportunities – visit http://www.domainfest.com or e-mail info@domainfest.com.

About Oversee.net
Oversee.net® is the leader in Internet real estate, specializing in monetizing, registering, selling and developing domain names. The company provides an array of managed services to domain investors, corporations and individuals across more than ten million web sites. Oversee owns one of the largest portfolios of domain names in the world. The company’s unique optimized technology connects consumers and advertisers with highly relevant advertisements. Headquartered in Los Angeles, the company’s core brands include DomainSponsor®, SnapNames®, Moniker®, LowFares.com™ and DOMAINfest®. To learn more, please visit www.oversee.net

(c) 2010 DomainNameNews.com

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SnapNames, and its parent company, Oversee.net, announced today that they have filed suit against Nelson Brady in federal court in Oregon (Portland district).

SnapNames, and its parent company, Oversee.net, announced today that they have filed suit against Nelson Brady in federal court in Oregon (Portland district).

Brady, a former employee of SnapNames improperly bid in certain SnapNames auctions using the bidder alias “Hank Alvarez” or “halvarez”. The company also claims that Brady also embezzled funds from Oversee by refunding himself a share of the purchase price for domain names he won through the SnapNames system.

Oversee is seeking to recover $33 million of dollars from Brady, including punitive damages. The company claims to have been making an effort to settle privately with Brady to recover losses, including the “rebates” sent to SnapNames customers effected by the activity and the funds he embezzled.

Oversee came under attack for the debacle and had faced several class action lawsuits themselves.  All parties involved by the fraudulent behavior had been offered a “rebate” check by the company.

For several months, the company has in good faith attempted to settle privately with Brady to recover its losses, including the rebate fund established by Oversee to address Brady’s activities and the funds he embezzled from Oversee.  Those settlement efforts have been unsuccessful.  According to the company officials “No amount of money, however, could compensate the damage Brady has caused to SnapNames’ and Oversee’s reputation in the marketplace.”

Company officials have sent DNN the following details of the events :

• In October 2009, Oversee discovered an employee, Nelson Brady, using an account under the false name “Hank Alvarez,” engaged in improper bidding activities in domain name auctions on the SnapNames platform.
• Oversee and SnapNames disclosed the situation to its customers and employees in November 2009.  Oversee made available to affected customers a cash rebate in the amount of overpayment, plus 5.22% interest (the highest applicable federal rate during the affected time period), of any amounts paid exceeding what the auction price would have been without employee bidding.
• Since that time, more than 60% of the aggregate rebate amount has been claimed.

Brady’s conduct affected:

5% of auctions since 2005
75% of total impacted auctions were between 2005 and 2007
Less than 1% of SnapNames auctions during this period were won by the employee
The remaining 4% were won by SnapNames clients.
Brady’s bidding affected approximately 1% of SnapNames’ auction revenue during the full period.

(c) 2010 DomainNameNews.com

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Domain Names halvarez, hank alvarez, Legal Issues, nelson brady, oversee.net, snapnames.com

Looking to invest in the domain space, but can’t find any good domains for sale?  How about buying stock in a company that owns over 600,000 domains, but also monetizes millions of domains and has auctioned millions of dollars in domains?   How about buying shares of Oversee.net ?

Looking to invest in the domain space, but can’t find any good domains for sale?  How about buying stock in a company that owns over 600,000 domains, but also monetizes millions of domains and has auctioned millions of dollars in domains?   How about buying shares of Oversee.net ?

Up until recently you couldn’t buy these privately held shares, unless of course you wanted to dump millions of dollars in to the company, and even that could prove difficult.   Thanks to new sites like SharesPost.com you now can buy shares of many private companies like Facebook, Twitter, and now Oversee.net.

SharesPost currently has a few blocks of Oversee.net stock for sale with a per share price of $7.35.   The smallest block of shares available is 4,200 and priced at $30,870.  You’ll need to sign-up to see the current offerings.   (SharesPost requested that we take down the screen-shots of the current offerings)

The sale of these shares are subject to a few conditions such as first rights of refusal, a co-sale agreement and subject to  company share-holders agreement. We’ve been told that some of these shares are shares of long-time employees who are looking to take a little money off the table.

Interestingly, SharesPost includes an “implied valuation” of Oversee based on the estimated number of fully-diluted shares and the listed share price.   This number is just an estimate but it’s an interesting number.  It puts the valuation of Oversee.net at over $1.1 Billion.

SharesPost lists the description of the company as:

Something domainers who are heavily entrenched in the domain business may want to think about when owning these shares is that share owners often have information rights.  Insight into a $200 million domain company backed by big private equity could be valuable to any domainer in terms of providing valuable insight into how to run their own business.

Regardless, Oversee is a behemoth company with a portfolio of over 600,000 domains and runs, among other ventures, domain name registrar Moniker.com, domain auction house SnapNames.com, the DomainFest Global conference. They are probably best known for creating the PPC company DomainSponsor.com in 2001.  If you are a believer in the domain space and think that there is long-term value in a domain portfolio or simply find value in a company reportedly generating over $200 million a year in revenue, this could be a great investment opportunity.

If you want to invest in a company in the domain space, there are other opportunities and there may be more on the horizon.  Marchex and LiveCurrent are traded but they haven’t weathered the recent market climate well.  There’s also Tucows, which was recently mentioned on another blog as a “value investment”.   Photon Group which now owns Dark Blue Sea is publicly trade in Australia . Demand Media is also exploring a public offering and even registrar giant Godaddy.com explored the IPO possibility a few years ago.  Maybe even more shares of other private domain name companies will start popping up on sites like this.

For disclosure purposes, I do not own shares in any of the mentioned companies, but I am giving serious consideration to investing more in to the companies that dominate the domain space.

(c) 2010 DomainNameNews.com

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DomainSponsor’s DOMAINfest brand is now also adding networking events to their busy schedule of events. Besides  DOMAINfest Global which was held in January in Santa Monica and DOMAINfest Europe in Prague in October, the company is now introducing two one-day networking events in Fort Lauderdale, Florida and New York City, NY.

DomainSponsor’s DOMAINfest brand is now also adding networking events to their busy schedule of events. Besides  DOMAINfest Global which was held in January in Santa Monica and DOMAINfest Europe in Prague in October, the company is now introducing two one-day networking events in Fort Lauderdale, Florida and New York City, NY.

The one-day events will be held on May 13, 2010 at the W Hotel in Fort Lauderdale and on August 18, 2010 at the Grand Hyatt in midtown Manhattan, immediately following the Affiliate Summit East conference.

The events will feature subject-matter experts invited to facilitate free-flowing power networking  sessions that will kick off each event from 1:30 pm to 3:30pm EDT. Moniker will conduct a live auction of premium names from 4:00 to 7:00 PM EDT, followed by a private dinner party hosted by DomainSponsor.

Registration for both Power Networking events will be available online at www.domainfest.com on Monday, April 12, 2010.  The registration fee will be $175 per event.

(c) 2010 DomainNameNews.com

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Domain Names .NYC, Auction, DomainFest, Events, fort lauderdale, Moniker, networking, new york city, oversee.net

After organizing the largest event for the Domain Industry with their recent DomainFEST Global in Santa Monica, Oversee.net’s DomainSponsor unit has now announced the dates and location for their European event. DOMAINfest Europe will be held from October 6-7th in Prague in the Czech Republic at the InterContinental Hotel. The addition of the European event clearly underlines the company’s commitment of establishing a presence in Europe after opening an office in Frankfurt, Germany late last year. The event will also feature a live domain auction. Agenda and speaker details will be announced in June.

After organizing the largest event for the Domain Industry with their recent DomainFEST Global in Santa Monica, Oversee.net’s DomainSponsor unit has now announced the dates and location for their European event. DOMAINfest Europe will be held from October 6-7th in Prague in the Czech Republic at the InterContinental Hotel. The addition of the European event clearly underlines the company’s commitment of establishing a presence in Europe after opening an office in Frankfurt, Germany late last year. The event will also feature a live domain auction. Agenda and speaker details will be announced in June.

With this event the domain industry will be even busier in September/October than with DomainFest and TRAFFIC in January 2010:

• Sept 2-3: Domainvermarkter Forum in Munich, Germany
• Sept 23-24: DomainConvergence in Montreal, Canada
• Oct 6-7: DOMAINfest Europe, Prague, Czech Republic
• Oct 11-15: DNCruise, Miami, Key West, Cozumel
• Oct 17-20: Targeted T.R.A.F.F.I.C., Miami South Beach, Florida

For a full list of events of relevance to the domain industry, visit the Domain Name Industry Event Calendar, DNCalendar.com. Please let us know if we’re missing an event.

(c) 2009 DomainNameNews.com

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