In what should be “music to the ears” of domain investors and other online entrepreneurs, Domainer can now reveal that development is well underway for a new drop catching platform quite aptly called DropCatcher.com.au. This will hopefully be launched later this year (subject of course to obtaining all necessary auDA approvals).
It was all a bit hush hush for a while, but I’ve been assured by the team behind the venture that it is going to happen. A lot of work has gone into it.
Who Is behind Drop Catcher?
They comprise some well-respected and trusted industry veterans – including IT professionals who are experienced in the dark arts of drop catching. 🙂
The CEO is Cameron Bell (Cam) – he is probably known to many people in the domain industry. He worked for Dark Blue Sea for around 17 years. Their brands at one stage included Fabulous.com, Drop.com.au, Yexa.com and Yexa.com.au, and Fabulous.com.au.
I’ve known Cam for over a decade, and consider him to be one of the best operators in the domain industry. He is a domain investors registrar – and an expert in drop catching. He is also very straight down the line and transparent. That’s why I had no hesitation in asking him to stay on when I acquired Drop and the two other registrars some years ago. When David Warmuz from Trellian bought Drop etc from me, he also engaged Cam to continue overseeing the business for a period of time. In fact, auDA insisted on it as a condition of Trellian’s approval!
If you want to see an old picture of Cam, and listen to a short (old fashioned) podcast Domainer did with him back in December 2015, check this out. 🙂
For the record, whilst I have been asked for advice and opinions over the past few months (as have other domain investors), I am not in any way involved in the new venture – my playing days are over.
The Need for Competition
I’ve been told by Cam that the momentum behind Drop Catcher was as a result of Trellian (current owners of Drop.com.au) buying out Netfleet, and effectively creating a monopoly in the .au market place. Cam believes that competition is not only healthy, but it is vital.
Drop Catcher stresses they are also great believers in transparent bidding processes, and from what they’ve told me so far, their proposed system sounds really good. It will apparently be very different to the current Drop.com.au platform with its bidding methods. One thing I can share is that the “dreaded increments” that exist at Drop will not feature in their platform. Due to commercial confidentiality, I’m not at this stage able to elaborate further on other aspects. So stay tuned!
Competition is wonderful!
Given some recent controversies – particularly this one – I think auDA should also be mightily pleased that there could be some active and transparent competition in the expired auction market. More so with the new licensing rules coming into force – and .au being introduced later this year.
There is no question that Drop will remain the front runner in drop catching given the amount of registrars they control, but as has been shown in the past, newcomers can ultimately win a share of the market if they know what they are doing. And I believe this new team certainly does.
Drop Catcher will be doing all it can to attract domain investor portfolios once accreditation has been achieved. Cam has delivered on specialised customer service in the past, and intends to do so again.
And did I mention a decent domain aftermarket is also being planned? More on this soon ….
Beta Testers Wanted
If you go to the new Drop Catcher landing page, you will see there is the ability to perhaps become a “beta tester” in the near future – and sign up for latest news updates.
I know I speak for a lot of domain investors and entrepreneurs in really wishing them well.