Re: The whole operation is shady
Yup. Like Kieren's previous articles where $60/yr is perfectly reasonable as annual rent for a database record.. Especially as the cost of providing the tech parts has been halved.
But the multiplier is really relevant at transaction time, where it's excessive even by unicorn/bubble standards. But that's also back to the legalalities. ISOC can probably easily justify it as it's a large pile of cash, and Ethos only has to justify it to it's own investors/execs.
I still think Abry will also offload a lot of the Donuts TLDs to Ethos, and revenues from .org will cover the losses that are probably being made on those.
Any way you look at it though, the deal still stinks given all the insiders involved.
Biting the hand that feeds IT
