Monte Cahn: Difference between revisions
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'''Monte Cahn''' is a renowned Internet entrepreneur and [[domainer]]. He established the first Internet domain brokerage, [[NameShop.com]], in 1996.<ref>[http://www.blueglass.com/speakers/monte-cahn/ BlueGlass.com]</ref> He has founded and acted as CEO for a number of important | '''Monte Cahn''' is a renowned Internet entrepreneur and [[domainer]]. He established the first Internet domain brokerage, [[NameShop.com]], in 1996.<ref>[http://www.blueglass.com/speakers/monte-cahn/ BlueGlass.com]</ref> He has founded and acted as CEO for a number of important companies, such as [[Moniker]] and [[Domain Systems]].<ref>[http://dnjournal.com/columns/coverstory10.htm DNJournal.com]</ref> He is currently working on a new project, [[Right of the Dot]], with another famous domainer, [[Michael H. Berkens]]. | ||
Mr. Cahn hosts "Domain Masters", a weekly radio show on WebmasterRadio.fm.<ref>[http://www.blueglass.com/speakers/monte-cahn/ BlueGlass.com]</ref> | Mr. Cahn hosts "Domain Masters", a weekly radio show on WebmasterRadio.fm.<ref>[http://www.blueglass.com/speakers/monte-cahn/ BlueGlass.com]</ref> | ||
In a letter dated December 8th, 2011, Monte Cahn, along with twenty-seven other domain name industry representatives, wrote to Sen. Jay Rockefeller and Sen. Kay Bailey Hutchison to support [[ICANN]]'s new gTLD program, in response to the [[ICANN#New_gTLD_Senate_and_House_of_Representatives_Hearings|Senate Hearings]] taking place on the same day. They supported ICANN's argument that the program would be innovative and economically beneficial | In a letter dated December 8th, 2011, Monte Cahn, along with twenty-seven other domain name industry representatives, wrote to Sen. Jay Rockefeller and Sen. Kay Bailey Hutchison to support [[ICANN]]'s new gTLD program, in response to the [[ICANN#New_gTLD_Senate_and_House_of_Representatives_Hearings|Senate Hearings]] taking place on the same day. They supported ICANN's argument that the program would be innovative and economically beneficial and noted that the program took a diverse group of international stakeholders years to develop.<ref>[http://domainincite.com/new-gtld-industry-pleads-with-senators/ New gTLD industry pleads with senators, domainincite.com]</ref> The letter can be found [http://domainincite.com/docs/Senate-Letter-ICANN-Expansion-of-Top-Level-Domains-08.DEC.2011.pdf here]. | ||
==Background== | ==Background== | ||
Monte Cahn was already establishing himself as a medical equipment salesman before he graduated college. Post graduation, he took his business of selling specialized cardiology equipment to South Florida. Next, he took on a low-performing unit of the drug corporation, Eli Lilly; within 2 years Mr. Cahn had moved that department from its #111 rank within the company's territories, to #4. He and other senior managers then set out to establish their own distributor of specialized medical equipment in San Diego, California; they later sold the company to one of the world's largest drug distributors, after first bringing it public and seeing their systems integrated | Monte Cahn was already establishing himself as a medical equipment salesman before he graduated college. Post-graduation, he took his business of selling specialized cardiology equipment to South Florida. Next, he took on a low-performing unit of the drug corporation, Eli Lilly; within 2 years Mr. Cahn had moved that department from its #111 rank within the company's territories, to #4. He and other senior managers then set out to establish their own distributor of specialized medical equipment in San Diego, California; they later sold the company to one of the world's largest drug distributors, after first bringing it public and seeing their systems integrated with a majority of American hospitals.<ref>[http://dnjournal.com/columns/coverstory10.htm DNJournal]</ref> | ||
===Domaining=== | ===Domaining=== | ||
Monte Cahn became aware of [[domaining]] through a client | Monte Cahn became aware of [[domaining]] through a client and decided to start a side business with him. The result was the Internet's first domain brokerage company, [[NameShop.com]]. His next company, [[HitDomains.com]], made headlines throughout the late 1990s thanks to their multi-million dollar domain sales; a merger with SolutionHome.com created [[DomainSystems.com]].<ref>[http://dnjournal.com/columns/coverstory10.htm DNJournal.com]</ref> Through a business model that allowed him to capitalize on domains being sold off due to bankruptcy or other court proceedings, Monte Cahn was able to set record sales numbers for highly-sought domains. Some of his famous sales include: WallStreet.com (1.03 million, 1999), Autos.com (2.2 million), eCommerce.com, eToys.com, Mortgage.com, Celebrities.com, Hotel.com, Guns.com, OfficeSupply.com. | ||
His reputation as a domaining expert was certainly solidified when some of the world's largest corporations tapped him to manage and protect their online brand presence.<ref>[http://dnjournal.com/columns/coverstory10.htm DNJournal.com]</ref> | His reputation as a domaining expert was certainly solidified when some of the world's largest corporations tapped him to manage and protect their online brand presence.<ref>[http://dnjournal.com/columns/coverstory10.htm DNJournal.com]</ref> | ||
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In September, 2011, Mr. Cahn updated his claims of breach of contract and fraud after a judge tossed out his original claim. The new claim now contains specific language on how Oversee.net allegedly affected Moniker's revenue. He now states that the original acquisition was in violation of an agreement between [[Google]] and Oversee, and that Oversee improperly deflated Moniker's revenue and performance numbers.<ref>[http://domainnamewire.com/2011/09/08/monte-cahn-updates-lawsuit-against-oversee-net-with-new-details/ Monte Cahn Updates Lawsuit, DomainNameWire.com]</ref> | In September, 2011, Mr. Cahn updated his claims of breach of contract and fraud after a judge tossed out his original claim. The new claim now contains specific language on how Oversee.net allegedly affected Moniker's revenue. He now states that the original acquisition was in violation of an agreement between [[Google]] and Oversee, and that Oversee improperly deflated Moniker's revenue and performance numbers.<ref>[http://domainnamewire.com/2011/09/08/monte-cahn-updates-lawsuit-against-oversee-net-with-new-details/ Monte Cahn Updates Lawsuit, DomainNameWire.com]</ref> | ||
In November, 2011, Oversee countered against parts of Mr. Cahn's lawsuit addressing his Management Incentive Plan. It seems that they had set targets for bonuses and Oversee is denying that those marks were met and thus, that they believe they owe Monte Cahn nothing for the MIP and requested summary judgement on the matter.<ref>[http://domainnamewire.com/2011/11/17/oversee-net-we-dont-owe-monte-cahn-anything-for-13m-management-incentive-plan/ Oversee.net We Don't Ow Monte Cahn Anything for 13M MIP, DomainNameWire.com]</ref> Monte Cahn, expectedly, countered this claim.<ref>[http://domainnamewire.com/2011/11/23/monte-cahn-files-third-ammended-complaint-against-oversee-net/ Monte Cahn Files Third | In November, 2011, Oversee countered against parts of Mr. Cahn's lawsuit addressing his Management Incentive Plan. It seems that they had set targets for bonuses and Oversee is denying that those marks were met and thus, that they believe they owe Monte Cahn nothing for the MIP and requested summary judgement on the matter.<ref>[http://domainnamewire.com/2011/11/17/oversee-net-we-dont-owe-monte-cahn-anything-for-13m-management-incentive-plan/ Oversee.net We Don't Ow Monte Cahn Anything for 13M MIP, DomainNameWire.com]</ref> Monte Cahn, expectedly, countered this claim.<ref>[http://domainnamewire.com/2011/11/23/monte-cahn-files-third-ammended-complaint-against-oversee-net/ Monte Cahn Files Third Amended Complaint Against Oversee.net, DomainNameWire.com]</ref> In December, 2011, it was decided that their legal battle over the MIP would not be a jury trial and the case will thus be argued in front of the court.<ref>[http://domainnamewire.com/2011/12/22/no-jury-trial-over-incentive-plan-in-monte-cahn-v-oversee-net/ No Jury Trial Over Incentive Plan in Monte Cahn v Oversee.net, DomainNameWire.com]</ref> In January, 2012, the judge threw out two of Mr. Cahn's claims against Oversee and a claim of fraud by Oversee.<ref>[http://domainnamewire.com/2012/01/06/monte-cahn-oversee/ Monte Cahn Oversee, DomainNameWire.com]</ref> In February 2012, the first verdict regarding the case was rendered, and the judge found that in Oversee's favor in a narrow aspect of the case. Details can be read [http://domainnamewire.com/2012/02/08/cahn-oversee-decision/ here]. | ||
==Current Work== | ==Current Work== | ||
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===Investment in Domain Holdings=== | ===Investment in Domain Holdings=== | ||
In May 2012, Mr. Cahn invested and joined Domain Holdings as Executive in Residence, responsible for the daily operations, | In May 2012, Mr. Cahn invested and joined Domain Holdings as Executive in Residence, responsible for the daily operations, overall strategy, domain brokerage/sales and monetization. He will also serve as Advisor to the company's Board.<ref> | ||
[http://domainnamewire.com/2012/05/30/monte-cahn-invests-in-and-joins-domainholdings/ Monte Cahn invests in and joins DomainHoldings]</ref> | [http://domainnamewire.com/2012/05/30/monte-cahn-invests-in-and-joins-domainholdings/ Monte Cahn invests in and joins DomainHoldings]</ref> | ||
==Industry Achievements== | ==Industry Achievements== | ||
* In 1999, Monte Cahn made the first one million dollar plus domain sale, for [[WallStreet.com]], shortly | * In 1999, Monte Cahn made the first one million-dollar-plus domain sale, for [[WallStreet.com]], shortly afterward he made the first two million-dollar-plus domain sale for [[Autos.com]]. These two sales are often attributed to starting the domain buying rush of 1999.<ref>[http://rightofthedot.com/about/ RightOfTheDot.com]</ref> He was involved in the historic sale of Porn.com for $9.5 million USD, another record at the time.<ref>[http://magicdomainsearch.com/blog/articles/most-expensive-domain-names-ever/ MagicDomainSearch.com]</ref> | ||
* Mr. Cahn was head of [[Moniker]] in 1999 when it became a [[registrar]] and set the unprecedented standard of passing its [[ICANN]] registrar accreditation and connection requirements on its first try.<ref>[http://dnjournal.com/columns/coverstory10.htm DNJournal]</ref> | * Mr. Cahn was head of [[Moniker]] in 1999 when it became a [[registrar]] and set the unprecedented standard of passing its [[ICANN]] registrar accreditation and connection requirements on its first try.<ref>[http://dnjournal.com/columns/coverstory10.htm DNJournal]</ref> | ||
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{{reflist}} | {{reflist}} | ||
[[Category: | [[Category: Private Sector - Domain Name Industry]] | ||