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Last Post re: New.Net Filling up the ICANN Comment Forum

  • To: stld-rfp-general@xxxxxxxxx
  • Subject: Last Post re: New.Net Filling up the ICANN Comment Forum
  • From: Kevin Prescott <kevinprescott45@xxxxxxxxx>
  • Date: Tue, 27 Apr 2004 16:51:53 -0700 (PDT)
  • Cc: stld-rfp-travel@xxxxxxxxx

You really do not understand the ramifications of what you are arguing Mr. Iska.  You keep saying that "You couldn't even raise a "dime" from any VC if you tell them that
you're gonna go head to head with New.net by releasing the same TLDs that
New.net released three years ago." 
I will give you the name of one company that go head to head ith New.net (and probably destroy them)....."VeriSign."  VeriSign has enough capital (without VC funding) to start 1000 new TLDs tomorrow. Would you still be making the same arguments if this happened?  If ICANN allows New.net to prevent a legitimate bid for .travel, .xxx or any other TLD that New.net operates as a 4th level domain, VeriSign would introduce every TLD possible as "alternate roots".  Forget new competition or VC funding....they don't need it! 
They could even introduce a competing TLDs like .travel, .inc, .web, .shop, .sex, .kids, .llp, etc..  What would prevent that from happening?  If VeriSign started an Alternate .travel tomorrow (by tweaking their existing IDN plug-in to have the same functionality as New.net's plug-in), they would have milllions of potential customers overnight.  Then you would have compeiting roots, competing web addresses, competing e-mail addresses, and a system that would collapse on itself overnight.
You also point to an "unprecedented risk" that New.net took.  You are exactly on point.  New.net took a risk knowing full well that ICANN could select another registry operator to run a legitimate .travel in the future.  They were banking (and are continuing to bank) on the hopes this does not happen.  Well, like all risks, sometimes you succeed and sometimes you fail.  New.net knew on Day one that this could happen, and now the day may have come.  Again, some may say that knowing a serious risk and failing to notify your customers of the risk is grounds for civil liability with the FTC....
I will not comment any more about this except to point to the following news article in CNN in 2001:  http://www.cnn.com/2001/TECH/internet/06/20/domain.names.europe.idg/

"[New.net] acknowledges that it could run into conflict if ICANN decides to release one of its extensions (such as .llp) as a new top-level domain. "That's the bet we're taking," says Chadima. He argues that while ICANN is well positioned to make technical decisions about the Net, "the subject of which domain names get to be used is a political and economic question that ICANN is ill-equipped to deal with."

Given how slowly ICANN moves to issue new top-level domains, New.net is betting that it will have an advantage with any given extension. "If that happens, by the time that happens," Chadima says, "we'll have tens of millions of viewers and tens of thousands of site. They will be the collider at that point."

This is the company you all want to reward?  A company whose strategy was to play off the slowness in which ICANN acts.  How can a company that knows the risk at the beginning complain, when that risk comes true?


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