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$35,000,000 Down The Drain ?

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mikeseaton
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$35,000,000 Down The Drain ?

Post by mikeseaton on Wed 24 Oct 2012, 7:12 am

The article http://domainnamewire.com/2008/11/10/telnic-a-35-million-investment-gone-awry/ by respected online journal Domain Name Wire says it is !

Here's a quote from the article:
It has to get to a critical mass — quickly — to succeed.

The fact that your information is managed in the DNS is cool, but end users don’t care. They can’t tell the difference between someone setting up an online address book in the DNS versus on a web site.

Betting $35 million on Telnic is like saying “We’re going to create another cool social network. It will be limited in interaction, but we still need to get tens of millions of people to sign up. Invest $35 million in us on the outside chance we pull it off.”
Read the article (written in 2008 but still relevant today) and then weigh up for yourself the pros and cons of the .tel project as it is currently stands.

Don't forget to read the comments at the end, here's one that is a bit close to the bone !
Stupid concept.

It’s called a contact us page.

They will never get critical mass. Speculators will rush in and something like my.tel will sell for $10k but then it’s over.

Right up there (or should I say down there) with .pro .aero .travel etc.
This comment completely ignores the Phase 2 part of .tel (using the DNS data for direct dial/email/skype etc.) - not surprising when so few outside the Telnic/TelTalk forums are aware of it - and anyway Phase 2 depends on "critical mass" being reached which after 3.5 years shows no sign of ever being achieved !

http://MikeSeaton.tel


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silvano
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Re: $35,000,000 Down The Drain ?

Post by silvano on Wed 24 Oct 2012, 7:57 am

Interesting article.

As read in the comments, seems to be interesting the WikiWorldBook.
Free and with respect of the privacy.
New for me.

It deserves a study...
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TelKing
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Re: $35,000,000 Down The Drain ?

Post by TelKing on Wed 24 Oct 2012, 7:07 pm

1.) Instead of planned 10,000,000 Telnic has sold only 250,000 domains.
2.) Since launch Telnames has sold only 2,000 domains.
3.) When will it be considered more action is required to sell a product?
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mikeseaton
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Re: $35,000,000 Down The Drain ?

Post by mikeseaton on Sat 03 Nov 2012, 1:07 pm

I wonder how many of Telnic's original investors, who paid out $35,000,000, wish Telnic would just sell the registry part of the operation, return most or all of their investment, and leave Kash and his staff free to concentrate on promoting Telnames .tels worldwide ?

This would also resolve the question of Telnic's potential liability re the complaint to ICANN, since Telnames would then genuinely be nothing to do with Telnic.

Is this too simple a solution to the mess that Telnic seem to have got themselves in ?

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TelKing
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Re: $35,000,000 Down The Drain ?

Post by TelKing on Sat 03 Nov 2012, 9:55 pm

mikeseaton wrote:Is this too simple a solution to the mess that Telnic seem to have got themselves in ?
The solution is not that easy.
How to find a buyer in the current situation?

The management at Telnic have miscalculated the market several times.
First they thought they can generate a mass market with little effort.
Then they thought nobody will complain if they just keep quiet about canceling all activities.
Then they thought they can increase registrations by creating a second company with the same product.
And finally they thought they can build a complicated company structure for Telnames to bypass ICANN regulations without anybody noticing that.
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Re: $35,000,000 Down The Drain ?

Post by Expert on Sun 04 Nov 2012, 1:17 am

TelKing wrote:The management at Telnic have miscalculated the market several times.
First they thought they can generate a mass market with little effort.
Then they thought nobody will complain if they just keep quiet about canceling all activities.
Then they thought they can increase registrations by creating a second company with the same product.
And finally they thought they can build a complicated company structure for Telnames to bypass ICANN regulations without anybody noticing that.
Another miscalculation: The discussion about Telnic can't be shut down by locking their forum and banning the most active members.
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Re: $35,000,000 Down The Drain ?

Post by Teler on Sun 04 Nov 2012, 11:43 am

mikeseaton wrote:$35,000,000 Down The Drain ?
In this case for sure

http://www.teltalk.org/t645-will-telnic-lose-the-license
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mikeseaton
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Re: $35,000,000 Down The Drain ?

Post by mikeseaton on Sun 04 Nov 2012, 12:02 pm

TelKing wrote:
mikeseaton wrote:Is this too simple a solution to the mess that Telnic seem to have got themselves in ?
The solution is not that easy.
How to find a buyer in the current situation?
See http://www.teltalk.org/t645p16-will-telnic-lose-the-license#3425

http://MikeSeaton.tel


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TelBlogger
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Re: $35,000,000 Down The Drain ?

Post by TelBlogger on Fri 28 Feb 2014, 8:18 am

mikeseaton wrote:The article http://domainnamewire.com/2008/11/10/telnic-a-35-million-investment-gone-awry/ by respected online journal Domain Name Wire says it is !

Here's a quote from the article:
It has to get to a critical mass — quickly — to succeed.

The fact that your information is managed in the DNS is cool, but end users don’t care. They can’t tell the difference between someone setting up an online address book in the DNS versus on a web site.

Betting $35 million on Telnic is like saying “We’re going to create another cool social network. It will be limited in interaction, but we still need to get tens of millions of people to sign up. Invest $35 million in us on the outside chance we pull it off.”
Read the article (written in 2008 but still relevant today) and then weigh up for yourself the pros and cons of the .tel project as it is currently stands.

Don't forget to read the comments at the end, here's one that is a bit close to the bone !
Stupid concept.

It’s called a contact us page.

They will never get critical mass. Speculators will rush in and something like my.tel will sell for $10k but then it’s over.

Right up there (or should I say down there) with .pro .aero .travel etc.
This comment completely ignores the Phase 2 part of .tel (using the DNS data for direct dial/email/skype etc.) - not surprising when so few outside the Telnic/TelTalk forums are aware of it - and anyway Phase 2 depends on "critical mass" being reached which after 3.5 years shows no sign of ever being achieved !

http://MikeSeaton.tel

The concept of critical mass comes from nuclear physics being the mass at which the bomb explodes. But there must be a critical unmass as well. When the mass fails and the purpose and goal disintegrates completely. 

Perhaps the critical unmass for .tel was reached recently when Telchina and/or others dumped 60,000 domains in one day.
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mikeseaton
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Re: $35,000,000 Down The Drain ?

Post by mikeseaton on Fri 28 Feb 2014, 8:25 am

TelBlogger wrote:Perhaps the critical unmass for .tel was reached recently when Telchina and/or others dumped 60,000 domains in one day.

Fair comment - it would have been nice for Telnic to have at least made a statement explaining this sudden huge loss of .tel registrations - rather than just keep quiet and hope no-one notices !

Surely a task Telnic's Business Development and Communications Director should have undertaken ?

http://MikeSeaton.tel


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