Earlier quoted context omitted.
I doubt anyone with a semblance of a conscience in their shoes could do that, except back to the benefactor, for cheaper (which would also be pretty lame)...the man turned down 6 figure offers and gave it to them because he believed in their mission. That they would go "whoops, it cost too much, gonna sell it to whoever offers me the most while we bail from our failed startup" would make the benefactor feel like tota…
The original owner could have added the right to buy the domain back from the new owners at a fixed cost should they wish to sell it in the future (or right of first refusal, etc) if he was worried about that. I worked for a start-up that acquired a smaller company (complete with an awesome name) for cash/shares. Smaller company supposedly had a clause in their contract saying they could buy the company back for £1 s…
How Microryza Acquired the Domain Experiment.com
51–60 of 89 posts
Re: How Microryza Acquired the Domain Experiment.com
#52Re: How Microryza Acquired the Domain Experiment.com
#53I probably wouldn't have chosen the name "Experiment." They won't be able to trademark that, because it's descriptive. I think Ryza was the better choice.
In their shoes, I would have gone with something that was suggestive but not purely descriptive. For example, Kickstarter is a great name, and Indiegogo is pretty good too.
That said, naming a company a fucking nightmare, and as far as I'm concerned, anybody who has gone through it without gnawing a limb off or calling their company Drgnblv did well.
Re: How Microryza Acquired the Domain Experiment.com
#54Earlier quoted context omitted.
The original owner could have added the right to buy the domain back from the new owners at a fixed cost should they wish to sell it in the future (or right of first refusal, etc) if he was worried about that. I worked for a start-up that acquired a smaller company (complete with an awesome name) for cash/shares. Smaller company supposedly had a clause in their contract saying they could buy the company back for £1 s…
Wow, that seems like a dangerous perverse incentive to me, if the founders kept working for the parent company after the acquisition.
Re: How Microryza Acquired the Domain Experiment.com
#55Earlier quoted context omitted.
Good system I've seen for domain buying is this: You set price you'll pay. Broker decides to take job. They negotiate a price that equal to or lower than your cap. They get fixed fee plus X% of difference between price paid and max price you'd be willing to pay.
I've always wondered why this isn't the way real estate agents work.
Re: How Microryza Acquired the Domain Experiment.com
#56Earlier quoted context omitted.
I agree that $1000/yr would be too high for your average person but I think raising it to $100/yr should be reasonable enough and would still solve a lot of the squatting issues.
What about those who live in developing countries? Should they be excluded from owning domains?
Re: How Microryza Acquired the Domain Experiment.com
#57They have started accepting Dogecoins: https://experiment.com/dogecoin
It's actually pretty interesting to see these donations come in. No one would ever give $0.0001 to a crowdfunding campaign but we're seeing a lot of micro donations on the scale of 10-20 doges.
Last i checked, doge transfers are 1-2 dogecoin for most transactions.
Re: How Microryza Acquired the Domain Experiment.com
#58Earlier quoted context omitted.
I doubt anyone with a semblance of a conscience in their shoes could do that, except back to the benefactor, for cheaper (which would also be pretty lame)...the man turned down 6 figure offers and gave it to them because he believed in their mission. That they would go "whoops, it cost too much, gonna sell it to whoever offers me the most while we bail from our failed startup" would make the benefactor feel like tota…
I'm not a lawyer, but I believe a semblance of conscience is sadly not allowed for in a bankruptcy. If the Experiment.com people, like most startups, fail to make it, then I'd think they're by default obligated to get the best price possible for the assets. I think doing anything else (e.g., giving a company asset to a founder) would require a founder to agree. Like goatforce suggests, I would have made sure the deal…
Re: How Microryza Acquired the Domain Experiment.com
#59Given that the company relies on word of mouth marketing, the move makes a lot of sense. 'Experiment' is a fantastic name. My only concern is that such a generic term negatively affects findability. E.g., it makes brand monitoring or web-searching very hard. You won't rise above the noise. You could address the findability problem by adding a unique token to the name (e.g., 'Experiment42').
Actually, I am curious if such generic name is a good choice. You need to tell people that you use Experiment the Crowdsourcing Website, not experiment with crowdsourcing or use your experiment to crowdsource funds. And the same for googling. (And BTW I really liked Microryza; I do know that it may be hard to spell (still easier than mycorrhizae), but Ryza sounds nice too!) And an anecdote: when I was mailing with Ci…
Re: How Microryza Acquired the Domain Experiment.com
#60All domains should really cost $1000/year from the registrar at a minimum to stop this idiotic "I'll buy thousands of them and sit on them forever until someone offers me enough for one of them to make the whole enterprise worth it".