Industry News•
on November 17th, 2011•
Someone asked me about the stats quoted in our “Look Left: AllICanAffordIsThisShittyDomain” video (click here to watch). The stats used were:
Stat #1 – “6.7 Million Small Businesses Started Last Year”
The question was phrased in the manner that this number is much higher than the oft quoted SBA number of 627,200 new employer firms, as reported by DomainSherpa here (and others).
Our stats were from the Kauffman Foundation and the Kauffman Index of Entrepreneurial Activity (2010). “In 2010, 565,000 new businesses were started per month by new and repeat entrepreneurs, the same rate as in 2009. The 340 out of 100,000 adults who started businesses each month during 2010 represents a 4 percent increase over 2008.”
There is a lot of great information in that data set, including:
Entrepreneurship rates by race show that Latinos experienced the largest entrepreneurial activity increase between 2009 and 2010. The Latino business-creation rate rose from 0.46 percent in 2009 to 0.56 percent in 2010, the highest rate over the 15 years of Index data. The Asian entrepreneurial activity rate increased from 0.31 percent in 2009 to 0.37 percent in 2010, also the highest rate in the past decade and a half. Both African-Americans and non-Latino whites, on the other hand, experienced declines in entrepreneurial activity rates.
Entrepreneurship growth was highest among 35- to 44-year-olds, rising from 0.35 in 2008 to 0.40 in 2009. The oldest age group in the study (55-64 years) also experienced a large increase in business-creation rates from 2008 to 2009, contributing to a two-year upward trend to 0.40.
Stat #2 – “215 Million Website Addresses are Registered Around the World Right Now”
This stat came from the Verisign Domain Name Industry Report from August 2011.
The second quarter of 2011 closed with a base of more than 215 million domain name registrations across all Top Level Domains (TLDs), an increase of 5.2 million domain names, or 2.5 percent over the first quarter. registrations have grown by more than 16.9 million, or 8.6 percent, since the second quarter of 2010.
As with the Kauffman dataset, the Verisign report is full of interesting facts. The one that jumped to me is that one third of all .com or .net domains presently resolve as either a parked page, a 1-page under construction site, or don’t resolve at all. It is no wonder then that small businesses can’t find a domain name around which to build their business.
- Verisign Domain Name Report (Aug 2011)
Company News•
on January 19th, 2011•
- NEWS RELEASE -
Domain Evangelist to Help “Drive the Bus” for New, Premium Domain Name Service
VANCOUVER, BC, JANUARY 19, 2011 – Left of the Dot is pleased to announce that Frank Michlick has joined the company’s executive team to help build and grow the technology behind the new domain name monetization service that enhances premium, multi-million dollar domain names.
Left of the Dot has developed a platform to enable premium domain name holders to lease sub-domain inventory to small businesses, creating significant new, recurring, revenue streams for the domain holder. The monetization service leases these “Marketing Names” along with a fully-equipped, ecommerce-ready website to small businesses giving them a highly-brandable web presence. An early example of such an implementation is the generic domain name www.Villa.com that is presently under development by the company. At this website, villa owners and agents can lease premium sub-domains, such as Tuscany.Villa.com, Bali.Villa.com, or Luxury.Villa.com. For many of its domains under management, Left of the Dot builds out the entire website for the generic domain name, converting the once parked page into a real and sustainable web business.
Said Left of the Dot co-founder, Chris Jensen: “I am delighted that Frank has agreed to become our CTO. We were looking for someone to drive our technology hand in hand with our rapidly growing business; Frank brings a skill set and business understanding that few people in the world can match. Not only does he possess a great technology mind, strong character, and immense passion, but his knowledge of Domaining, domain registrars, and the entire domain ecosystem is second to none.”
Frank Michlick, best known within the domain name industry as one of the founders and lead contributors for Domain Name News, began to work with Internet technology in 1993 and registered his first domain name in 1995. His company, CyberTeam, helped many big European brands build their first internet presence. From 1997 to 2000 he worked to shape one of the biggest German Internet Service/eBusiness providers. During his 5 years at the largest wholesale registrar (Tucows/OpenSRS) he enabled many domain name portfolio owners, registrars, hosting companies and resellers to better manage, monetize and grow their domain names. Most recently, Frank’s entrepreneurial pursuits led him to found DomainCocoon, which provides services in the areas of domain name management, custom registrar creation, and ICANN & ccTLD accreditation consulting.
“Like many Domainers, I learned about Left of the Dot when the company was pitched successfully during the Test Track event at the June 2010 T.R.A.F.F.I.C. conference in Vancouver. When I learned that the company was seeking a CTO and technology evangelist and spoke in detail with them, I knew that the company was the right fit. Together, we have an opportunity to create something special and unique for the domain industry while building something of lasting value. I look forward to the adventure and journey ahead.”
**About Left of the Dot **
Left of the Dot is combining successful website building technology with advanced SEO practices and high-profile multimillion dollar domain names to change the rules for businesses that need to be online. The Left of the Dot platform appeals to owners of generic domain names, seeking recurring revenue for selected assets. To learn more visit: www.leftofthedot.com.
– 30 –
Media Contact
John Lyotier
Email: john [at] leftofthedot.com
Phone: +1.604.454.7935
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