I am mad so all I can say today is that we got screwed as expected. .ORG just got sold to a private equity firm called Ethos Capital. Prepare for the $200 per year .org domain.
And I blame the US for this shit show. The deep corruption in the United States society that is eroding anything in its path.
All the companies that are screwing everybody on the internet are based in the US. This is a whole scheme with ICANN, Google, Facebook, etc. trying to take over the internet from the little guy.
I am just going to receive some comments about ICANN US oversight and that. I don’t want to hear it. ICANN has a revolving door with US companies, not Russias spies or aliens. All the money from domains is flowing to US companies. Don’t even start. All this was organized 10 years ago. Do you think this just happened today? This was going to happen with US oversight or not.
And they named their company Ethos. Give me a break!
Don’t say I didn’t warn you: Wake up people! ICANN and the registries want to steal your domain names!
Read this PR bullshit below:
The Internet Society and Public Interest Registry (PIR) today announced that they have reached an agreement with Ethos Capital, under which Ethos Capital will acquire PIR and all of its assets from the Internet Society. The transaction is expected to close during the first quarter of next year.
“This is an important and exciting development for both the Internet Society and Public Interest Registry,” said Andrew Sullivan, President and Chief Executive Officer of the Internet Society, the organization that established Public Interest Registry. “This transaction will provide the Internet Society with an endowment of sustainable funding and the resources to advance our mission on a broader scale as we continue our work to make the Internet more open, accessible and secure – for everyone. It also aligns Public Interest Registry with Ethos Capital, a strong strategic partner that understands the intricacies of the domain industry and has the expertise, experience and shared values to further advance the goals of .ORG into the future.”
“Since the inception of Public Interest Registry, our mission has been to enable the .ORG Community to use the Internet more effectively and change the world for the better,” stated Jon Nevett, CEO of Public Interest Registry. “That will not change. We have enjoyed a long and successful relationship with the Internet Society, and are thrilled that we will be able to continue – and expand – our important work with Ethos Capital while sustaining our commitment to the .ORG Community going forward.”
Following the close of the transaction, PIR will continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission, and will consider seeking B Corporation certification. All of PIR’s domain operations and educational initiatives will continue, and there will be no disruption of service or support to the .ORG Community or other generic top-level domains operated by the organization.
“We are excited to support PIR’s mission and build upon the incredible work it has done to promote success and positive impact for the .ORG Community,” said Erik Brooks, Founder & CEO of Ethos Capital. “As part of our commitment to setting the gold standard of registry operations, we will be establishing a Stewardship Council that will serve to uphold PIR’s core founding values and provide support through a variety of community programs.”
Mr. Brooks added: “Importantly, throughout the transition and beyond, we are committed to ensuring complete continuity of PIR’s operations and enhancing the relationships PIR has established over the years. We look forward to continuing PIR’s longstanding partnerships and vendor affiliations to ensure domain operations run smoothly and without interruption.”
Vint Cerf, former Chairman of the Board of ICANN and founding President of the Internet Society, said: “When the Internet Society won the bid to operate the .ORG registry, it enabled a productive and sustainable future for the organization. Public Interest Registry exercised its stewardship to the benefit of the registrants and the Internet Society’s mission. I am looking forward to supporting Ethos Capital and PIR in any way I can as they continue to expand the utility of the .ORG top-level domain in creative and socially responsible ways.”
PIR was established by the Internet Society in 2002 to manage and operate the .ORG domain. Since then, .ORG has risen to become the largest purpose-driven domain used by millions of organizations and others to achieve their online goals.
Goldman Sachs & Co. LLC is serving as financial advisor to both the Internet Society and PIR. Morgan, Lewis & Bockius LLP and Proskauer Rose LLP are serving as legal advisors to the Internet Society and PIR, respectively. Macquarie Capital is serving as financial advisor and Morrison & Foerster LLP is serving as legal advisor to Ethos Capital.
More PR BS from PIR:
Today marks the beginning of an exciting new chapter for the .ORG Community. Earlier today, the Internet Society and Public Interest Registry (PIR) announced that they have reached an agreement with Ethos Capital, an investment firm that helps transform and grow companies in today’s rapidly evolving digital economy, under which Ethos Capital will acquire PIR and all of its assets from the Internet Society.
As brief background – in 2002, the Internet Society won a competitive bidding process for the .ORG registry and established PIR to manage and operate the .ORG domain. Since that time, the Internet Society and PIR have worked to grow .ORG into the largest purpose-driven domain – used today by millions of organizations and others to achieve their online goals – and PIR’s contributions to the Internet Society have helped make the Internet more available, accessible and secure for people around the world.
This transaction aligns PIR with a strong, new strategic partner, Ethos Capital, that not only possesses a deep understanding of the intricacies of the domain industry, but also has the ideal mix of expertise, experience and shared values to further advance the goals of .ORG into the future. As a mission-driven firm focused on the guiding values and ideals that build successful organizations and communities, Ethos Capital is committed to ensuring complete continuity of PIR’s operations, to maintaining the strong community relationships PIR has established over the years, and to continuing PIR’s longstanding partnerships and vendor affiliations to ensure domain operations run smoothly, without disruption to the .ORG Community or other generic top-level domains operated by the organization.
Once the transaction is completed, PIR will continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission, and will consider seeking B Corporation certification.
Today’s news has tremendous benefits for both the Internet Society and PIR. The transaction will help the Internet Society to secure its future through more stable, diversified and sustainable financial resources than it has at present, allowing the organization to plan for the long term and advance its vision of an Internet for everyone on an even broader scale. It will also enable PIR to continue expanding its mission and important work under new ownership — including its goal of keeping .ORG accessible and reasonably priced — while further strengthening and deepening its commitment to the .ORG Community.
PIR and Ethos Capital are looking forward to launching several new initiatives aimed at promoting and supporting the .ORG Community, including:
- Establishing a Stewardship Council that will serve to uphold PIR’s core founding values and provide support through a variety of community programs;
- Launching a Community Enablement Fund to support the financing of current and additional initiatives undertaken by key Internet organizations; and
- Expanding a program to award .ORG prizes to promote the success and positive impact of non-profit organizations.
This announcement marks an important milestone within the domain industry – one that the Internet Society, PIR and Ethos Capital are confident will protect and enhance the interests of both the Internet and .ORG communities for years to come.
President & CEO
The Internet Society
Founder & CEO
Public Interest Registry