One Percent Guilt

Owner of Occupy.com Selling It for Six Figures

domain investing Owner of Occupy.com Selling It for Six FiguresVirginia Comito, d.b.a. V.L. Raymer, is a California-based domain investor who bought occupy.com in 1998. Now, she’s selling it to the one percent.

“People who are extremely wealthy, who are philanthropic, who want to help the movement, the concept would be for one of those folks to buy it and donate it to Occupy, buy it and have it serve as a central repository since there is no centralized resource,” said Karen Bernstein, a New York-based lawyer who handles Ms. Comito’s domain sales. “This would be a perfect match,” she said.

OccupyWallSt.org has been serving as the main hub for updates from the organizers, but it’s not being marketed as an official online headquarters.

Ms. Bernstein hopes to get “six digits” for the domain, which ordinarily would have been worth a few thousand.

Ms. Comito owns on the order of 4,000 domain names, which she started purchasing in the late 90s–cakebooks.com, cherokee.com, thighs.com, citydata.com, sportscoverage.com–many of which are sitting empty or with placeholders.

Ms. Bernstein said that Ms. Comito, who declined to comment, approached her with the idea to sell occupy.com.

“I also started thinking more and more about it and I got more and more excited,” Ms. Bernstein said. “Really they’re a very decentralized group. They’re very tech-savvy. They’ve got their Twitter. They’ve got their social media. But they don’t have one site everyone can go to.”

There has been some interest, she said, but couldn’t disclose what the highest offer was.

Ms. Comito has had a few of the legal run-ins that come along with domain investing, including a judgment of bad faith registration with the evening music radio show “Delilah After Dark,” which successfully argued its trademark, as well as being named by an overly aggressive attorney in an apparel counterfeiting ring. “My client was wrongly accused of being an apparel counterfeiter and the plaintiff dismissed the case,” Ms. Bernstein said in an email. “We are seeking $96,000 in attorneys’ fees against the aggressive attorney and her clients and for the court to dismiss the case with prejudice.”

“[Ms. Comito] is a businessperson who just started collecting domain names like some people collect coins,” said Ms. Bernstein, who also does trademark and copyright law in New York. “It’s an exciting business. It’s not easy selling domain names.”

Would Ms. Comito consider donating the domain name herself, we wondered, in the absence of a buyer?

“I can’t make a comment on that,” Ms. Bernstein said.

Business is good, she said, but not that good: Ms. Comito is still a decided member of the 99 percent, even though the domain investor is not personally interested in the Occupy Wall Street movement.

Interested buyers–perhaps Russell Simmons, who keeps offering to throw money at the protesters?–can contact Ms. Bernstein directly.

Follow Adrianne Jeffries on Twitter or via RSS. ajeffries@observer.com

Comments

  1. Professor Positronic says:

    they’re already is a centralized website

    $150k is obscene especially given the message of the movement

    http://occupyeverything.org/

  2. Admin says:

    http://oxsi.com is used for free,  donating for the cause of Occupy movement

  3. Calyx27 says:

    I am literally, as the Brits would say ,”gob-smacked”. I attempted to purchase Occupy.Com to donate it and found out that it had already been purchased. I am appalled that this kind of money is being asked. Yes, entrepreneurialism may be the final frontier for those of us in the 99%:  but this is outrageous. Really. If anyone has the woman/manpower to develop and adequately expose OccupyLounge.com (conceptually a place for people to find out what is going on in real-time and make connections, arrangements, etc.), I am happy to donate it. I purchased this domain and occupyplanetearthnow.com as an adjunct to recyclingplanetearth.com (still in its initial stages of development. I haven’t even had a chance to approach anyone who might benefit from these domains. All I can say is OCCUPY.COM should be donated. These quickie speculative domain purchases should not be used to further exploit the exploited. OccupyLounge.com and OccupyPlanetEarthNow.com are available with my blessings to anyone who is serious about developing them. Please contact the proprietors of this website, who have my e-mail address. “Never Has So Much Been Owed by So Many to So Few” (Winston Churchill)!

  4. Calyx27 says:

    By the way. Occupy.Com was only recently purchased. Check it out for yourself.

  5. Anonymous says:

    Occupy.org is better anyhow.

  6. Anonymous says:

    Occupy.org is better anyhow.