2014-07-01

A Good Domainer Read: Matt Rutledge, Jeff Bezos, Woot.com, Meh.com

If you are a domainer or in the domain name industry, this is a good read (link below) -- a few excerpts follow:

".... Amazon’s recent $110 million purchase of Rutledge’s company. Bezos is better at business than he is at small talk: “Why did you buy Woot?”...“
"You’re the octopus that I’m having for breakfast. When I look at the menu, you’re the thing I don’t understand, the thing I’ve never had. I must have the breakfast octopus.”
This Internet Millionaire Has a New Deal For You - D Magazine: ".... For the uninitiated, the term “woot” is an expression of joy that sprang from online role-playing games, a portmanteau of “wow” and “loot.” Rutledge had bought the web address Woot.com in 2003 for $6,000, and the next year launched a site that sold stuff in a way no one had ever tried. Woot offered only one item per day, usually a gadget but maybe a wheel of cheese, and priced it so low that it oftentimes sold out in a matter of hours.... It is unclear at this writing whether permission has been granted to reveal what Rutledge paid for the Meh.com URL, but if you guessed that the sum was more than 10 times what he paid for Woot.com, then you deserve an Amazon gift card, because Rutledge paid $100,000. “I call him Larry the domain guy,” Rutledge says of the guy who sold it to him, “because his name is Larry.” He lets loose one of those laughs. “He’s really eccentric. He was on the internet before it was the internet, and he’s always trying to sell me domains. I didn’t have to walk up and say, ‘How much is that domain?...." (read more at the link above)





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