Business conferences exist for a reason. It’s a time where people gather to talk about the industry. It’s a chance to meet, in person, the people that you’ve become friends with over the phone and through email. To discuss things that only people in your industry would understand. To learn things that are only shared face to face. I have been to hundreds of conferences in my life and I will say that 99% of them have completely paid for their cost through information or contacts made. DomainFest will be no different.
There are too many conferences in our industry to make them all. In my opinion there are two that stand out from the rest and that would be the Winter Domainfest and the Fall TRAFFIC. There are a few others that are fantastic but let’s talk about DomainFest. It’s one of the largest if not the largest conference. It has fantastic speakers and a ton of other domain investors, most there to talk and share ideas and thoughts about how to make money in this industry. Yes it’s run by Moniker but who cares who it’s run by as long as it’s beneficial to the attendees. I took offense to Owen Frager’s absolutely ridiculous rant the other day about the event and combined lies and innuendo to try and shine a negative light on the event. Why did I take offense?
I assume it’s a hidden agenda but what that is is of no concern to me. Moniker and Oversee is a good company. How do I know? One, no way Chef Patrick Ruddell moves his beloved wife and children to work for a shady company. Two, they wouldn’t be in business very long if they continued to do things that were illegal or unethical. Yes they have had the shill bidder that nearly took them out, but the whole privacy release thing didn’t phase me one bit. It didn’t phase me because I have a company with a lot of employees and things of this nature have happened to me. When you have a lot of employees you always have the chance that one could go rogue and compromise both the name and the financial security of your company. You try and install a system of checks and balances but some time they fail. Usually they fail because the check and balances become routine and people forget why they do the checks. Other times the employees know the checks and skirts them. Either way, when you run a company you have to trust, there is no way around it, and sometimes your employees break the rules and your trust. I accept the repercussions of my employees actions because they are MY employees. I try and make amends to those that were effected, correct the problem, and then install new guidelines to try and keep it from happening again. That’s all I can do. Long story short, a problem occurred and it’s between the company and the customer to work it out. It seems to be an isolated event and should be treated as such.
The second reason was the insinuation that Elliot Silver was not going to the conference because of the host when in truth he chose to go on vacation with his family. Elliot commented on his blog that he had never talked to Owen and that absolutely was not the reason he would not be attending. You could throw in additional innuendo that there would be legal consequences of attending the conference with this statement “Does this mean that Feds will be monitoring the conference and its attendees?” It may come across that I have some investment in Moniker but truth be told I couldn’t tell you one person from the company other than Chef. I’m writing this becaue there are just some times in life when one has to yell out “Bullshit”
The point of this post was not to attack or cause a fight but merely to let all domain investors who are thinking about going to DomainFest know that they will enjoy themselves if they go. They WILL learn. They WILL meet the people they read and read about each day. The will have a great time at the parties. It will probably cost you 3 grand to go. There is a ton of stuff you can do with 3 grand. It’s like any investment you make in domains. You can’t think of all the other things you can do with the money, you have to think of the payback. Attending a major conference WILL pay back. It did for me at TRAFFIC and will again at DomainFest and I look forward to shaking your hand if you decide to go.