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The Watercooler
Potentially Sticky Ethical Situation Regarding An End User
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<blockquote data-quote="wilfra" data-source="post: 2232731" data-attributes="member: 111831"><p>So I invested in a startup that does not own their .com. They added a word to it instead but they just go by a dictionary word. For example like Square did with squareup.com, buying square.com later.</p><p></p><p>I decided to reach out to the owner of the .com on my own and see if they might want to sell it. It was really hard to track them down (they've owned the domain for 20 years, private registration, email bounced etc) but I was finally able to do it after like an hour of hardcore digging.</p><p></p><p>Owner quoted a very reasonable and modest price for the domain. If I had no association with the startup I would buy it myself at that price and just sit on it, hoping the startup turns into the next Facebook so I could demand $50 million for it a few years from now.</p><p></p><p>But that would definitely seem unethical and shady to the startup. Startups view domainers as scum anyway, if one of their own investors bought the domain behind their back and then haggled with them for top dollar, I would suspect they'd never want anything to do with me again. And may even write blog posts etc about what a piece of shit I am.</p><p></p><p>So how would you handle this? Should I just put them in touch with the owner and let them buy it for pennies on the dollar? Or is there a happy medium, where I can preserve the relationship but also make something myself?</p></blockquote><p></p>
[QUOTE="wilfra, post: 2232731, member: 111831"] So I invested in a startup that does not own their .com. They added a word to it instead but they just go by a dictionary word. For example like Square did with squareup.com, buying square.com later. I decided to reach out to the owner of the .com on my own and see if they might want to sell it. It was really hard to track them down (they've owned the domain for 20 years, private registration, email bounced etc) but I was finally able to do it after like an hour of hardcore digging. Owner quoted a very reasonable and modest price for the domain. If I had no association with the startup I would buy it myself at that price and just sit on it, hoping the startup turns into the next Facebook so I could demand $50 million for it a few years from now. But that would definitely seem unethical and shady to the startup. Startups view domainers as scum anyway, if one of their own investors bought the domain behind their back and then haggled with them for top dollar, I would suspect they'd never want anything to do with me again. And may even write blog posts etc about what a piece of shit I am. So how would you handle this? Should I just put them in touch with the owner and let them buy it for pennies on the dollar? Or is there a happy medium, where I can preserve the relationship but also make something myself? [/QUOTE]
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