generic domain names

It seems one of the big failures of business.com was it was doomed from the start. How much did the Earthlink founder pay for the name? Was it 7 million or 12 million? It was somewhere between those numbers.

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Other generic domain names have failed, too. Mail.com's ownership changed three times, yet it is still not profitable. Auction.com is nowhere near the popularity of eBay. There are others. www.com never really got going. iWon did well and was sold twice. Now, it is part of IAC.

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I don't know one major generic site which is still independent or successful w/o outside help. Heck, even Google needed venture capital to get going. MSN has lost millions. However, Gates still supports the Internet division. Search.com, download.com, news.com, etc. are all owned and operated by C!Net. The founder of C!Net, Hasley Minor, has not been with them for years (he now has a VC firm no less). Originally, shopping.com was owned by Compaq. Then, it was acquired by Dealtime, which acquired epinions, which was acquired by eBay.

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Since the beginning of commerce on the Internet, you needed more than a good domain. There needed to be money behind it. It is a shame what some of those companies did with all of that money. If some had just kept stayed grounded and actually ran a business, I am sure many would still be around today.