Domainer beware: Vultures prey on generics

No sooner did we announce that the cash-strapped University of Illinois at Urbana-Champaign considers putting its ultra-generic domain, Tech.com on the market for sale – the vultures rushed in.

Smelling fresh domainer flesh, the predators started lowballing this magnificent and truly ancient domain that was registered in 1992.

“I’ll give you a suitcase full of money – all $40,000 of it”, said one.

Apparently, several offers in the $50k – $80k range are already coming in – all well below the true value of Tech.com

But surely, a domain such as Tech.com deserves a sales price well past the mid six figures.

While the University of Illinois at Urbana-Champaign is a freshman at domain negotiations, they are by no means stupid. In fact, since they have some pretty savvy people working for the Office of Technology Management, they should stop negotiating with small-time “flippers” and talk to the big guys.

The best option right now would be to approach a large technology or blue chip corporation – and there are plenty: Intel, AMD, Texas Instruments, IBM, NVidia, SONY, Nokia, Apple, Google – the list is practically endless. This way the University of Illinois at Urbana-Champaign will maximize their ROI.

How much is Tech.com worth?

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