Van Couvering Acknowledges M&M Strategy

Antony Van Couvering acknowledged a bit of M & M’s strategy today in a comment over at Domain Name Wire…

Someone wrote that TLDH’s company is worth about $60M.  He commented that they are working with a few Geo TLDs in addition to their vertical ones.  What isn’t addressed in any of this is whether they will get them.  But it is likely a good strategy to have some geo tlds in their mix as a hedge against the possible failure to  be awarded enough vertical generics.

Of course, they’ve been the most public of any portfolio applicant but his thinking is characteristically insightful.

Here are Antony’s comments…

TLDH is a public company, so I am constrained about how I can talk about valuation. But let me provide some comparables about a subset of TLDH’s portfolio — geographical new gTLDs.

New Zealand’s ccTLD, .co.nz, has 400,000 registrants in a population of 4 million. That’s 10%. Great Britain (.uk) has 10 million names in country of 60 million – 15%. Germany, .de, has 15 million names for a population of 90 million – 18%. You will find that throughout the developed world, ccTLDs have registration that correspond to between 10 – 20% of their populations. These sales have occurred over many years, but the bulk of them have occurred recently.

Now consider some of the new gTLDs in the developed world where governments have given TLDH their stamp of authority. Bavaria – .BAYERN – has a population of about 12.5M. North Rhein Westphalia – .NRW – about 18M. Greater London Area – 14M. Greater Miami – 5.5M. Greater Budapest, about 2M. Total more than 40M people.

We think city and regional TLDs, with government approval, are highly analogous to ccTLDs. With proper execution, a company with a geo-TLD market ought to be able to approach the 10% penetration achieved by ccTLDs within a few years (remember, current ccTLDs have done essentially zero marketing). You do the math.

It’s our view that our current share price and market valuation is more than supported solely by the developed-world geographical gTLDs whose governments have chosen to work with us. In addition, geographical gTLDs are not the only new gTLDs we’re applying for.

I hope that helps.

Antony Van Couvering
CEO, TLDH

 

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ICANN’s Culver City Regional Registrar Meeting Slides

ICANN held a very nice regional registrar event last week and I was privileged to attend. Their Registrar Liaison Manager, Mike Zupke came through with his promise to send us the slides from the meetings.

It was a good meeting, although there were periods of strong contention during the meeting.  Most attendees felt/feel that ICANN needs to be more forthcoming with information considering that we have clients investing millions of dollars on new TLDs. They started the meeting with a notice that they weren’t going to answer questions on new TLDs which was certainly top of mind for most attendees!  I appreciate ICANN’s attempts to reach out, but I certainly understand the impatience.

If you were unable to attend last week’s function, I hope you’ll enjoy and get some benefit from the documents that Mike sent out today.  I’ve listed them below and they include certain full session recordings and chat logs (as long as you can get the Adobe Connect to work well; I tested it on my computer and although it took a bit to start up, it worked well):

Presentations 17 May 2012 Sessions

Session Presentation
Overview of GNSO Policy development
Registry and Registrar Liaison Support Brainstorm Session

Recent Activity at ICANN Security

New gTLD Recap

Operational Readiness for New gTLDs

Contractual Compliance Update

Agenda 18 May 2012 Sessions

Schedule Friday [PDF, 1.09 MB]

Presentations May 18 Sessions

Session Presentation
SAC 051 Roadmap Update (Whois Protocol replacement)

Registrar onboarding

Registrar stakeholder Group

Registry stakeholder Group

Registrar Training Program and Other Initiatives

ICANN budget

IDN update

Universal Acceptance

 

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TAS Reopens

Ok, It’s game on again. After so many weeks of down time, research, and notifications, TAS has reopened.  They’ve allowed for some maintenance windows this time. Their target date for closing the window is now next Wednesday (May 30, 2012) at 23.59 PM GMT.

You can find some support info and FAQs from ICANN’s website here:

http://newgtlds.icann.org/en/applicants/tas/top-ten

The communique from ICANN’s COO is reproduced below:

____________________________________

ICANN News Alert

http://www.icann.org/en/news/announcements/announcement-21may12-en.htm

____________________________________

TAS Reopens

Statement by Akram Atallah, COO

21 May 2012

The TLD Application System, or TAS, has reopened. All registered applicants can now log in, review and submit their applications.

The system will remain open until 23:59 GMT/UTC on 30 May 2012. Consistent with our previous practice and to allow the application window to open as soon as possible, two-hour maintenance windows have been scheduled as follows: 22 May at 16:30 GMT/UTC, 25 May at 23:00 UTC, and 29 May at 22:00 UTC.

Applicants are encouraged to review “Top Things Users Should Know When TAS Reopens,” posted on the new gTLD microsite at http://newgtlds.icann.org/en/applicants/tas/top-ten. The document provides advice on logging into and completing applications, submitting wire transfers, and contacting customer service with any issues users might encounter.

During the last few weeks, we have fixed the technical glitch that caused us to take the system offline. Also, to address user feedback, we have improved the overall system performance and the HTML preview function.

In our continuing review of the system logs and system traffic, we determined that in two instances, a single file might have been temporarily unavailable to an applicant. Full access to those two files has been restored. ICANN notified the affected users.

We recognize and regret the inconvenience caused by this glitch and the delayed closing of the application window.

____________________________________

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ICANN Update and “Monkey Business”

Update 2012-04-30: The CEO of ICANN, Rod Beckstrom stated in an interview today that ICANN “will not publish information about who could see what”.

ICANN posted an update today but it wasn’t about when TAS would reopen. Here it is…

Statement by Akram Atallah, COO
27 April 2012

ICANN will notify all applicants within the next seven business days whether our analysis shows they were affected by the technical glitch in the TLD application system.

In order to make these notifications, we are identifying each applicant file name and user name that might have been viewed, and who might have viewed them. To do that, we are reviewing internal system logs and full packet-level capture of all traffic to and from the application system from 12 January through 12 April.

Our analysis continues to show that a limited number of applicants were affected.

Shortly after the notification process has been completed, we will announce the schedule for reopening the application system and completing the application period. We are mindful of the need to allow sufficient time during the reopening period for applicants to confirm the completeness of their submissions.

We are also continuing to test the fix and enhance system performance in preparation for reopening.

We fully understand the frustration and inconvenience caused by the continuing suspension of the application system and will provide further updates as new information becomes available.

Some things that ICANN put out were a little concerning to me. At one point in an interview of ICANN’s Chief Security Officer, Jeff Moss, he stated something like,

“Correct, we’re putting everybody on notice, that we know what file names and user names were displayed to what people were logged in and when. And we want to do this very publicly because we want to prevent any monkey business. We are able to reconstruct which files names and user names were displayed.”

There are two things that irked me.

1.) His reference to “monkey business”. He admitted that no one was trying to hack the system. Why then would ICANN’s accidental display be called potential “monkey business”? It just bothered me. In fact, it was applicants who saw these things that alerted ICANN of the problem. To even suggest monkey business seems wrong.

2.) I hope they’re not going to make the names or user names of people who were exposed to others’ files public? Is that OK? I am not personally using TAS but I’d be a little unhappy if my name was made public because of someone elses mistake.  Honestly, I don’t know if this is proper, legal, or not.  But it seems to me that since it was ICANN at fault, they shouldn’t be making anyone’s name public in any form about this unless some real “monkey business” occurs.

Am I wrong?

Regarding the delay, most of the applicants I’ve spoken to had some relief. I even had one or two who suspected that it was intentional (although I doubt that is the case). But a few have expressed concern about the fairness of this long delay. There are applicants who worked very hard to get their applications done on time, paid up, and proper. Why now is ICANN taking so long to finish the process. This is giving potential competitors who were much less prepared a chance to catch up. I think this is a valid concern and ICANN should consider it. They need to get TAS up and running and move this process along.  People who are on time shouldn’t be penalized for others who are late.

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