25 Sep '12, 3pm

USPS on Donuts: You’re undercapitalized

USPS fears Donuts won’t deliver on .delivery. Well, this is amusing. The United State Postal Service has just filed a comment on Donuts’ application for the .delivery top level domain name. What’s the USPS concerned about? That Donuts is undercapitalized to run its domain names. Here’s what @thereforeicann has to say about that: The comments were submitted by USPS lawyers Lewis and Roca LLP for the Financial Capability Evaluation Panel. Subject line: “Insufficient Capital for 307 gTLDs”. It argues that Donuts won’t have enough money to run all 307 domain names if it gets them because it has only raised $100 million to date. Letters of credit notwithstanding, the community estimates that it will cost approximately $2-3 million to run each gTLD for the ten years to which applicants commit. Thus, if Donuts is granted all 307 gTLDs, there is a question whether its costs, which...

Full article: http://domainnamewire.com/2012/09/25/usps-delivery-donute...

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