My 14th Annual July 4th Post.”The 5 Year Nap”

Morning Folks!!

In 1997 I started making my annual July 4th post
so why change now?


Many people
have asked me about the “5 year nap” that Franky talks about in a post that
just happens to have been 3 years ago today. July 4 2007 for an event that
happened in 2004 while I was on a cruise. I was with 2 of my very close friends and we were on the
island for a few hours. Franky picked us up during an absolute monsoon and we
had a long lunch. As you might
imagine Franky had many suitors for his portfolio. Until now, I have never
talked about the contents of that conversation but after reading his 2007 post
and referring back to 2004, I think I am in safe territory so many years later.

To make a long story short, the deal on the table would have
been much bigger than Yung Ye. It was a colossal deal. Franky asked my take on
it. I said take a 5 year nap and when you wake up you will be better off. Point
being, as I have experienced since, if it isn’t ALL cash up front, you can only
count the part of the deal that is. So my advice was, if you would be happy
with the amount of cash up front and the rest is gravy……grab it. On the other
hand, if it is not all cash, then you have to expect you will get nothing on
the other end and all the domains will be gone. The ONLY thing you can EXPECT to see are the dollars up
front.

Well, it’s just over 5 years, there is only one person on
the planet that can say whether my advice was good or it was not. I have debated
posting this as my July
4th post, but then yesterday Franky made my
decision for me by his first blog post in years. That post answered many
questions. I for one am glad Franky did not sell. Hope he feels the same. Did my advice change the course of history? Probably will
never know.


Either way, Franky came to the game late, never whined about
it, just made things happen day in and day out. Quite
a difference from what we see today.

And when you are enjoying the day, take a moment to remember
those that are really working hard on our behalf and risking their lives. The folks that give us the freedom to do what we choose. I don't know why they do what they do, but thank God there are folks that do this for US.

Have a GREAT 4th
Rick Schwartz



5 thoughts on “My 14th Annual July 4th Post.”The 5 Year Nap”

  1. mano

    “I for one am glad Franky did not sell”
    The whole industry depends on you, Frank, and all other pioneers…at least in the scope of pure domaining. Your decision,for sure will alter the course of history….and i want to believe you’ll are right in making those decision.

    Reply
  2. Altaf

    Rick,
    Morning.
    We are sure your advice of immense value & accurate guidance of all time.Good that Franky listened to it.
    If all the good names are taken what advice do you have for those who cannot buy the expensive ones held by pioneers?
    Have a Great Day!
    Regards,

    Reply
  3. Biggie Dump

    Altaf,
    Are you kidding? Do you want Rick to register and buy the names for you, too?
    If you know what makes a name valuable then you simply register/buy those names, and either hold them or sell for a profit so you can reinvest in better names.
    Get with the program here. Do you think someone wanting to get into Real Estate would ask:”Since I can’t afford a 500 million property in Manhattan, how do you suggest I have success in Real Estate?”
    I mean, wake the hell up or get off the bus. If you can’t work your way up starting with lesser names than why do you think you deserve any success at all?
    I am sure you are one of the ones that wishes he knew about domain names back in the mid-90’s. You would be rich! Not.
    If you can’t figure it out you must GET OUT.

    Reply

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