The Seattle Post-Intelligencer recently ran a story about a Seattle venture capitalist’s strategy: acquire a good domain name, then build a business around it.
That’s Rob Monster’s idea, who the P-I says formed the Bellevue, Wash.-based Domain Strategies and joined the Boston-based Internet Real Estate Group as a partner.
“Between the 5,000 names at Domain Strategies (OrganicSeasonings.com, IdentityLock.com and Anonymize.com, to name a few) and 600 names at Internet Real Estate Group (Software.com, Jeans.com and Chocolate.com), Monster thinks a compelling business or two could be created. Instead of managing those businesses on his own, Monster wants to serve as the matchmaker who links talented entrepreneurs with high-quality names.”
He told the P-I: “I believe that for every business idea that correlates with a category-defining domain, there is a corresponding world-class management team and corresponding capital source that can come together to execute against the business opportunity. It is remarkable how many high-quality domains have yet to be developed.”