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How Microryza Acquired the Domain Experiment.com

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Re: How Microryza Acquired the Domain Experiment.com

#51

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…

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

#53

I 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.

Ryza has real issues with transcription. Riser? Riza? Raiza? Ricea? Rysa? Raitser? Because it's totally arbitrary, there's also trouble getting people to associate the word with what you do. And I think both of those lead to issues with retention.

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

#54

Earlier 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.

Yes, the smaller guys never really integrated themselves with the rest of the team and were pretty smug about the whole situation all when the parent company started to go down.

Re: How Microryza Acquired the Domain Experiment.com

#55
post #38
post #36

Earlier 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.

Unless the US market is very different, I thought it was pretty obvious that the sellers/landlords are the real estate agent's customers and the stream of prospective buyers are the product...

Re: How Microryza Acquired the Domain Experiment.com

#56

Earlier 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?

Not all TLDs have to be priced the same. .com could be $250/yr and .biz could be $8/yr.

Re: How Microryza Acquired the Domain Experiment.com

#57
post #35

They 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.

The reason is that small donations either don't exist in USD (sub penny) or get eaten up in fees with the payment processor.

Last i checked, doge transfers are 1-2 dogecoin for most transactions.

Re: How Microryza Acquired the Domain Experiment.com

#58
post #50

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…

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…

Sorry, total fail in that first paragraph, and I missed the edit window. I should have said: I think doing anything else (e.g., giving a company asset to a founder) would require all investors to agree.

Re: How Microryza Acquired the Domain Experiment.com

#59
post #47
post #10

Given 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…

don't worry the name microryza will live on http://www.yelp.com/biz/microryza-coffee-roasters-san-franci...

Re: How Microryza Acquired the Domain Experiment.com

#60
post #9

All 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".

Land should be priced the same way! There are lots of places I'd like to build a new home, but people own the land and aren't using it.
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