If you have been immersed in real life lately you may not have twigged to Twitter, the micro-blogging site that has recently hit critical mass. By my measure whenever a new internet phenomenon is noticed by the Wall Street Journal it is about six months until it gets purchased for an astronomical sum. My bet would be on Google acquiring Twitter before the end of the year.
Think back for a moment to the early days of the Internet when domain name registrations were free. Imagine how rich you would be if you had thought to reserve "internet.com", "business.com", or any two or three letter domain name for that matter. Domain name investment is a mature industry now with every word in the English dictionary long since reserved by some entrepreneur/squatter. Remember my story of Renata McGriff? Back when Citibank announced their mega-merger with Travelers she noticed that they neglected to grab their new domain name: citigroup.com. Within three days Renata was richer by $270,000.













