Comments on: Carnegie Says “No” To New Domain Extensions

By: dwhuff

dwhuff — Sun, 22 Mar 2009 04:26:32 +0000

Great site! Nice to see others sharing model railroading ideas

By: Steve Bates

Steve Bates — Thu, 27 Mar 2008 01:13:14 +0000

Sahar -

Haven’t been able to post for a while. Those boys are keeping me busy . . .

I recently finished “Andrew Carnegie” by David Nasaw, it doesn’t have anything nearly as exciting on it’s page 88. It talks about his merger of two steel companies into Union Iron Mills.

When I read many biographies it becomes clear that many times the first-mover does not gain a huge advantage because they are burdened with the costs of development, advertising, regulatory issues, etc.
Carnegie’s approach to extracting wealth from companies was to begin, with a small equity position and then enter quickly when there was an opportunity to reorganize and recapitalize the industry.

Carnegie’s initial wealth was linked to the railroad, but he also was a major shareholder in one of the first oil companies, started his own telegraph company (which he sold to Western Union) and of course steel.

Jumping into other idn’s is a great way to lose a lot of money. Pooling your interests and making some small investments (the way Carnegie initially did) is probably the best way to go. If they appear to be paying off handsomely then pour on the coals. If not, then you have not wagered too much on a losing proposition.

BTW: I registered CarnegieSteel.com a little under a year ago

By: Greg

Greg — Fri, 22 Jun 2007 14:41:25 +0000

You know it’s a good post when Frank gives you a wow.

By: Mark Fulton

Mark Fulton — Wed, 20 Jun 2007 14:41:38 +0000

I wholeheartedly agree. I have always been a stickler for dot com domains. Only once was I lulled by the hype of a handful of .WS names… and I sincerely regret having bought them. Thanks for the good post and quotes.

From a marketing and advertising standpoint anything less than dot com is laughable unless ingeniously applied.

Ask the general public, “What is the first website name that comes to your mind that does not end in dot com?”

I am sure you will get blank stares.

By: Christopher Ambler

Christopher Ambler — Tue, 19 Jun 2007 21:17:59 +0000

From the standpoint of the investor looking to back something “new,” I’m not sure I can completely disagree.

I’m glad I’m not in that camp.

I’m the guy who comes up with the “something new” and gives it a go. And if it fails, I come up with something else “new,” and every now and again, I get lucky.

But at the end of the day, it only takes a few “lucky somethings new” to consider the entire exercise a success. So if the investors and players want to sit back and wait to see what is successful, and then play (albeit at a premium), I’m fine with that.

Just remember that *someone* has to do the innovation. I like being that someone