Donuts

Type:	Privately held
Industry:	Internet
Founded:	2010
Founder(s):	Paul Stahura Jonathon Nevett
Headquarters:	1720 205th Place NE Sammamish, WA 98074
Country:	USA
Website:	donuts.co
Key People
Paul Stahura, CEO Jonathon Nevett, EVP Daniel Schindler Executive Officer Richard Tindal Mason Cole, VP of Communications

Donuts is a start-up company offering registry services co-founded by Paul Stahura and Jonathon Nevett, Richard Tindal, and Daniel Schindler. In April 2011 the company was in stealth mode and raising capital; based on the company's filing with the Securities and Exchange Commission (SEC), Donuts raised $1 million equity financing. Since then it has submitted 307 gTLD Applications and secured some $100 million in financing. The company's headquarters is located in Bellevue, Washington.

New gTLD Applications

On June 5, 2012, Donuts announced that the company submitted applications for 307 generic top level domain names (gTLDs), including IDN TLDs, and secured $100 million in capital from multi-billion dollar private equity and venture funds.

According to Mr. Schindler, the company originally came up with a list of 3,000 prospective domain names. He said, "We made a long list of dictionary terms, in multiple languages and character sets. We created our own proprietary way of valuing the [gTLDs], and that helped us narrow it down. But 307 is still a lot, obviously."

A separate article from Bloomberg reported that the company plans to apply for 10 gTLDs. Mason Cole, the company's vice president of communications and industry relations explained that the reporter from Bloomberg misunderstood or had miscommunication with Stahura. He said that during the interview, the exact number of the gTLD's to be applied for hadn't been finalized. Cole also said that the company is well prepared to operate all the 307 gTLDs.

The company signed a strategic partnership with Demand Media in pursuit of certain gTLDs. According to a press statement, under the agreement, Demand Media has the right to acquire some of the approved gTLDs applied for by Donuts. Furthermore, Demand Media Europe Limited, will serve as the back-end registry service provider for Donuts. The registry provider is a wholly-owned subsidiary of Demand Media.

In terms of intellectual property rights protection, the company said that it created rights protection mechanisms for new gTLDs and it will implement an open Internet philosophy. According to Stahura, "The Internet is an engine of information, ideas and commerce, and one that’s not restrictive unnecessarily. Donuts intends to preserve that openness for all users, not operate a ‘by invitation only’ section of the Internet."

Donuts Team

The management team of the company include:

• Paul Stahura, Co-founder and CEO
• Richard Tindal, Co-founder and COO
• Jonathon Nevett, Co-Founder and EVP, Corporate Affairs
• Daniel Schindler, Co-Founder and EVP Sales and Marketing
• Mason Cole, Vice-president of Communications and Industry Relations
• Kevin Wilson, Chief Financial Officer
• Alvaro Alvarez, Vice President and General Counsel

Board of Directors

• Paul Stahura, Donuts Inc.
• Chris Pacitti, Austin Ventures
• Robert Verratti, TL Ventures
• Brian Jacobs, Emergence Capital Partners
• Thomas Ball, Austin Ventures
• Jonathon Nevett, Donuts Inc.

Investors

The company's investors include:

• Austin Ventures
• Adams Street Partners
• Emergence Capital Partners
• TL Ventures
• Generation Partners
• Stahurricane (Paul Stahura’s investment fund)