It’s no secret that some of the world’s most successful entrepreneurs are well-known for their inspiring quotes and words of wisdom. When it comes to the world of business and entrepreneurship, few names are as iconic as Bill Gates and Elon Musk. They have both made incredible strides in their respective fields, and their words of wisdom are often quoted by entrepreneurs around the world. For domain names, two of the most well-known billionaires, Bill Gates and Elon Musk, have something to say about the power of having the right domain. In this blog post, we’ll look at 6 famous domain name quotes from these entrepreneurs and discuss those “digital asset” quotes.
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Elon Musk,Tesla Founder
“That took us 10 years to buy that Tesla.com domain,” Musk said on the podcast. “That cost us like, $10 million.”
Elon Musk took longer to get the right domain name Tesla.com than it did to design, build, and sell its first EV.He shared the story on the Third Row Tesla Podcast of how it took nearly a decade for Silicon Valley engineer Stuart Grossman the rights to Tesla.com. Although TeslaMotors.com was used by the company, Musk wanted the Tesla.com domain name so much. Musk stated the domain name quotes on the podcast that it took 10 years to purchase Tesla.com. “That was about $10 million and required an amazing amount of effort “
One of the most influential tech billionaires of our time, Bill Gates has an impressive list of domain name quotes about domain names. He famously said, “Domain names will be a fundamental part of the internet for many years to come.”
As one of the earliest visionaries in the tech industry, Gates had a unique perspective on domains. He also knew that they would become incredibly valuable investments. In his domain name quotes: “Domains have and will continue to go up in value faster than any other commodity ever known to man.”
Gates’ words have been echoed by many other tech moguls and entrepreneurs, who understand the importance of owning a good domain name.
Bill Gates understood the potential power of domain names early on. His advice and observations are still relevant today, making him one of the most quoted experts on domains.
Matt Barrie,Escrow.com CEO
Escrow.com CEO Matt Barrie noted the digital real estate quotes, “Digital real estate isn’t a plot of land in the metaverse next to Snoop Dogg or an NFT on the blockchain, it’s domain names. When Facebook rebranded to Meta, it didn’t buy virtual land in a game. Facebook bought the best possible address in the best street on the internet: meta.com.”
Domain names are the digital real estate of the internet. They’re valuable digital assets that can be bought, sold, developed, and leveraged for maximum impact. When it comes to registering a domain name, there’s no substitute for securing the right address for your business or brand. It’s like buying the best plot of land on the best street in the world—it’s irreplaceable.
Barrie has even noted that domain names have a “risk-reward” dynamic that’s different from traditional real estate investments: “With domain names, you can invest a relatively small amount of money and hope for an outsized return,” he said. And as Barrie notes, domain names are incredibly versatile digital assets. They can be used to launch businesses, build brands, establish websites, and even create mobile apps.
In short, Matt Barrie believes that domain names are valuable and worth investing in because they provide a strong foundation for any business venture. The right domain name is your first line of defense in establishing an identity and a lasting presence online.
Bob Parsons,Godaddy founder
Bob Parsons, the founder of Godaddy, has a unique perspective on the importance of domain names. He believes that they are as essential to our lives as physical addresses and will become even more so in the future. According to Parsons, people will be issued a domain name at birth, making them as important as any other form of identification.
Parsons also believes that domain names are an invaluable asset for companies. He believes that having an easily recognizable domain name can give businesses an edge over their competition, as it makes them easier to find online. Having a memorable domain name is especially important for startups, as it allows them to quickly create brand recognition without needing to spend a lot of money.
Ultimately, Bob Parsons understands the power of domain names and how they can help businesses reach their goals. His insight has helped Godaddy become one of the largest web-hosting companies in the world and is sure to benefit many more businesses in the future.
The famous domain name quote is: “A domain name is your address, your address on the Internet. We all have a physical address; we’re all going to need an address in cyberspace. They’re becoming increasingly important. I believe we’ll get to the point where, when you’re born, you’ll be issued a domain name.”
Frank Schilling,Uniregistry founder
Frank Schilling is one of the most successful entrepreneurs in the domain name industry, having built an empire with his Uniregistry. As an experienced domain investor and registrar, Frank Schilling knows the value of a good domain name, and his advice is invaluable when it comes to investing in domains.
One of Schilling’s best-known digital asset quotes is “In the future, fortune could well favor those who didn’t sell their good domain names too cheaply, or too boldly.” This phrase is a great reminder that some domain names are worth holding on to, as they could potentially be worth a lot more in the future. The quote also reflects the importance of careful consideration when selling a domain name. It’s important to know the true market value and not just rely on asking prices.
Schilling has also shared his thoughts on domain speculation, noting that “it’s all about guessing which words and phrases will become popular in the future.” This underscores the importance of research when investing in domains. It’s important to have an understanding of current trends and predictions for the future. Having an idea of what domain names could become popular can help inform your investment decisions.
Overall, Frank Schilling is an expert in the domain industry, and his advice and quotes have served as an invaluable resource for those looking to invest in domains. His insights are helpful for both experienced and novice investors alike.
Andrew Rosener, CEO of MediaOptions
Recent domain sales by Media Options include NFT.com for $2.1 million and zoom.com for $2
Andrew Rosener said “Domain names are the bedrock foundation on which the entire internet is built upon, including Web3 and NFTs. Value accrues from the top down. So as more adoption occurs and more technologies and utility is created on top of the internet and its digital pipelines, the more value accrues to the land beneath; namely domain names.”