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Fortune
Magazine senior writer
Paul Sloan speaking at DOMAINfest
Global Wednesday (Jan. 23) |
conference in Hollywood,
California. In an article published this afternoon
on Fortune's CNN website Paul talked about the
show and the domain boom in an article titled "Are
Domain Names Recession-Proof?" Sloan
opened his piece by saying "Global markets are in a
state of panic. Credit markets are all but closed. And
recession fears are everywhere. But at the conference I
attended in Hollywood this week, called DomainFest,
you’d have little clue that the financial world was
melting down. The domain world - the people that
buy and sell names and make money from pay-per-click ads
on their websites - is booming. Downturn? Bring
it on."
I first met Sloan in 2005
when he started working on a landmark piece for Business
2.0 magazine called "Masters
of Their Domains" that was the first
major mainstream press article about this industry. I
think |
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his story had a lot to do
with the remarkable influx of capital (and the wave of
consolidation) that we have seen in this business over
the past couple of years. Given his widely-read platform
at Fortune and his ability to make complex topics
understandable to the average investor, I would bet
Sloan's latest look at this business will turn interest
in the space up still another notch. With the general
economy in distress people are going to be seeking safe
havens. The fact that domains are now being viewed as
a good bet for riding out economic storms speaks
volumes about how far this business has come.
As I noted in a post
yesterday, the Los
Angeles Times (free registration
required) also wrote about DOMAINfest and today I spoke
with a New York Times reporter who is
gathering information for a piece he is writing on the
domain boom. His interest was also piqued by news
surrounding the show.
(Posted
Jan. 25, 2008) |
