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The Lowdown



Jan. 16, 2009 Post

Here's the The Lowdown from DNJournal.com! Updated daily to fill you in on the latest buzz going around the domain name industry!

Compiled by Ron Jackson
(DN Journal Editor/Publisher)
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I've begun hearing some of the names of those who were let go in the 18% workforce reduction that Oversee.net announced yesterday. There are some very sharp people in that

group and despite a tough environment for job seekers I'm sure many of them will find new positions soon. Given their talents it also occurred to me what great partners a lot of these folks would be for people looking to team up with experienced, knowledgeable professionals to launch a new business or project. Knowing some of them personally, I know they are fully capable of running their own businesses. 

The biggest roadblock is that most of those who have been temporarily displaced need current income to support themselves and their families. A typical successful startup will usually take a year or two to start generating enough revenue to fully support the founders. For those forming new companies who have access to start up

capital (or existing companies that have key holes to fill and funds available to fill them), one silver lining to the current downturn is that some highly qualified people are becoming available for the first time in years. There is a good chance that the ideal person to complete or complement your team is looking for the opportunity you have to offer right now.

Michael Gilmour
ParkLogic.com, WhizzbangsBlo
g.com

Incidentally, though the need to match staff expenses with existing economic conditions obviously played a key role in Oversee's decision (as it did when they implemented a 10% reduction last summer) it was not the sole reason. 

As Michael Gilmour pointed out in his blog today, Oversee, after buying SnapNames and Moniker last year, was bound to make some staff reductions to eliminate overlapping duties across their various divisions, old and new. In a consolidating industry, as ours is, that goes with the territory. 

By the way, Michael will be one of 15 leading industry experts that will be featured in our annual State of the Industry Cover Story that will be published this weekend. It is a piece you 

will want to read to see what some of the most successful people in our field believe is coming in 2009. 
(Posted
Jan. 16, 2009)


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