For 20 years ago – when digi.no had just started up – decided the 25 year old NHH student, Andre Eidskrem, decided to spend 33,000 million on domain by.com.
friends laughed. And laughed. And laughed. But the steadfast Sunnmøre was not in doubt.
This should be a good investment. And that was it. For yesterday ticking it into – according to VG – ten million crowns in his account.
– Risk Sport
– There has been a slight risk sport this. There have been many years of fun, both for good and bad, says Eidskrem to digi.no.
Initially the plan was to create a service that collected all cities in Norway as a whole. But the idea was shelved.
– When I called the American who owned the domain in the 90s I would not tell him what the meaning of the city was in Norwegian because I was afraid that the price would rise into the air. I told only that the city was short name for a company I hold on to establish, says 45-year-old enthusiastically.
Got robbed domain
The journey of a million payout has been long. By.com has actually always been in Eidskrem their hands since its acquisition in 96.
– No. It was actually stolen from me.
Before one could namely only send a fax to Network Solutions in the United States with personal data and a signature from domain owner before were allowed to take over the judge. There was also someone who did without Eidskrem his blessing. But Sunnmøre eventually got back million domain after much ado.
– There are many strange things that have happened Oppi over the years, says 45-year-old.
jesus. by.com
Among other things, many seen the benefits of using by.com as a subdomain. jesus.by.com has for example been used. City is also ISO code of Belarus, as there have also been many stakeholders. Oil companies have also been on the customer list to by.com. But Eidskrem never used one million domain to something sensible yourself. He will not bungled the name.
Now in recent times, domain names only become more and more valuable. Especially short domains with only two letters. When Eidskrem bought by.com was only forty such domains in private hands, according to him.
– In China by.com been a very attractive name. This is because simply because it’s a good combination of letters. Both the market and the stock exchange has just gone up there in recent years, and it has been sold many domains of this kind there, says the businessman.
Hype around short domain name
Internet Editor of ICT Norway, Torgeir Waterhouse, explained the reason for the hype surrounding domains with only two letters as follows:
– The short domains are easy to remember and communicate, and are often very aptly, he says to VG.
Who the Chinese buyer is not know Eidskrem. But he really wanted to talk to him. First, he just learn Chinese. According to broker his talks namely the man who bought the domain English.
In 2007 Eidskrem company IT company Cisco – one of the largest companies in Silicon Valley – the customer.
now launching an international mobile platform for data giant. The money from domain sales are going to go with the promotion of this platform.
Said no to 8,000,000
– It’s a bit sad to sell off now. I could most likely have doubled in six months. I am sure that the value of the domain is going to rise much more than today. Meanwhile, the conditions that make it not so easy to gamble on that it rises. In China, there namely no tax on domain sales, but if the Chinese government sees tax values of these sales can this change. Therefore I considered it to mean that I had to sell off now, summarizes he said.
PS: For five months ago said Eidskrem refuse a bid of $ 900,000. When going on the auction via namescon.com. Because of high commissions chose Eidskrem not sell to, but rather arrange an auction entrepreneur website shapingtheodds.com.
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