[GTLD-WG] [CPWG] [registration-issues-wg] Fwd: ISOC sells PIR

Roberto Gaetano roberto_gaetano at hotmail.com
Thu Nov 14 13:58:38 UTC 2019


Hi Nadira.
It was just a wild guess.
However, my wild guess was prompted by the fact that according to Bloomberg the South African company has an offspring in the US with same CEO & CFO - see https://www.bloomberg.com/profile/company/1085299D:US
But I was most likely wrong - https://ethoscapital.com has a different leadership, including Erik Brooks that used to be Managing Partner at Abry Partners, the company who bought Donuts. If this does not ring a bell I wonder what else would.
This week I am in a conference, and had not much time to read over the materials after the announcement. I will have more time over the weekend and next week.
Cheers,
R


On 14.11.2019, at 14:26, Nadira Alaraj <nadira.araj at gmail.com<mailto:nadira.araj at gmail.com>> wrote:

Hi Roberto,

Do you think that there is connection between the recently US registered EthosCapital.com<http://EthosCapital.com> with the South African https://ethoscapital.mu<https://ethoscapital.mu/>?



On Thu, Nov 14, 2019, 11:32 Roberto Gaetano <roberto_gaetano at hotmail.com<mailto:roberto_gaetano at hotmail.com>> wrote:
Folks,
In spite of the fact that I used to be the Chair of PIR Board I do not have more information than what has been made public, but from what I read it seems to me that ISOC has sold PIR for a certain amount, and that amount is going to be invested in other profitable businesses - or even bonds.
So, to my understanding, there is no link whatsoever remaining between PIR and ISOC. As a corollary, the ups and downs of .org - and generally the domain name market - will be irrelevant for ISOC, which explains the sentence "secure [ISOC’s] future through more stable, diversified and sustainable financial resources”.
As for the future of PIR - and therefore .org - I would suggest reading carefully all the information in https://ethoscapital.mu<https://ethoscapital.mu/>. It will now be possible to do operations that would not have been popular when PIR was linked to ISOC, but could make PIR even more profitable - vertical integration is the first thing that comes to my mind, possibly in conjunction with another registry-registrar aggregation that has a different backend operator.
Incidentally, why would a non-profit organization "consider seeking B Corporation certification”? That, to me, would make sense only for for-profit organizations.
But it is just speculation from my paranoiac half.
Cheers,
Roberto


On 14.11.2019, at 12:58, Seun Ojedeji <seun.ojedeji at gmail.com<mailto:seun.ojedeji at gmail.com>> wrote:

Sent from my mobile
Kindly excuse brevity and typos

On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew at gmail.com<mailto:justine.chew at gmail.com>> wrote:
It is an outright sale of an asset, the proceeds of which go toward "an endowment fund" for ISOC projects/activities.
No revenue sharing is involved.

SO: This actually is quite fuzzy, and I am not sure how this will be practically feasible. I am not sure what obligation will compel the new owner to adequately fund the endowment/ISOC since there is no revenue sharing agreements involved.

Regards

The announcement indicated that all projects and operations will continue as is under new ownership. With its policy on public/community benefit presumably driven and overseen by Ethos Capital's Stewardship Council - I wonder who they will put on this Council.

PIR under Ethos Capital will lose its non-for-profit status, so there might be financial implication not to ISOC but possibly PIR's existing .org customers/registrants.

We shall see.

Justine
-----


On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard at gmail.com<mailto:maureen.hilyard at gmail.com>> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?

On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg at mcgill.ca<mailto:alan.greenberg at mcgill.ca>> wrote:
Why will it have major implications on ISOC Chapters?

Alan

At 13/11/2019 02:52 PM, Maureen Hilyard wrote:
I know for sure that this was not even hinted at during the last PIR Advisory Council meeting.. but it will have major implications for the ISOC chapters. What are they/ISOC thinking?

Maureen

On Wed, Nov 13, 2019 at 7:59 AM Marita Moll <mmoll at ca.inter.net<mailto:mmoll at ca.inter.net>> wrote:

Had we known this was lurking in the background -- which it most certainly was at the time -- it might have been a different discussion. How much did ISOC know and when did they know it -- a question ISOC chapters might want to ask.

Marita
-------- Forwarded Message --------
Subject: ISOC sells PIR
Date: Wed, 13 Nov 2019 17:38:29 +0000
From: Stephanie Perrin <stephanie.perrin at MAIL.UTORONTO.CA><mailto:stephanie.perrin at MAIL.UTORONTO.CA>
Reply-To: Stephanie Perrin <stephanie.perrin at MAIL.UTORONTO.CA><mailto:stephanie.perrin at MAIL.UTORONTO.CA>
To: NCSG-DISCUSS at LISTSERV.SYR.EDU<mailto:NCSG-DISCUSS at LISTSERV.SYR.EDU>


 I must say, this casts the decision to drop price caps for .org in a slightly different light.  I will keep you posted as I learn more.


https://www.businesswire.com/news/home/20191113005661/en/Ethos-Capital-Acquire-Public-Interest-Registry-Internet


Stephanie Perrin

NCSG Chair


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