Folks,
In spite of the fact that I used to be the Chair of PIR Board I do not have more information than what has been made public, but from what I read it seems to me that ISOC has sold PIR for a certain amount, and that amount is going to be invested
in other profitable businesses - or even bonds.
So, to my understanding, there is no link whatsoever remaining between PIR and ISOC. As a corollary, the ups and downs of .org - and generally the domain name market - will be irrelevant for ISOC, which explains the sentence "secure [ISOC’s] future
through more stable, diversified and sustainable financial resources”.
As for the future of PIR - and therefore .org - I would suggest reading carefully all the information in
https://ethoscapital.mu. It will now be possible to do operations
that would not have been popular when PIR was linked to ISOC, but could make PIR even more profitable - vertical integration is the first thing that comes to my mind, possibly in conjunction with another registry-registrar aggregation that has a different
backend operator.
Incidentally, why would a non-profit organization "consider seeking B Corporation certification”? That, to me, would make sense only for for-profit organizations.
But it is just speculation from my paranoiac half.
Cheers,
Roberto
Sent from my mobile
Kindly excuse brevity and typos
It is an outright sale of an asset, the proceeds of which go toward "an endowment fund" for ISOC projects/activities.
No revenue sharing is involved.
SO: This actually is quite fuzzy, and I am not sure how this will be practically feasible. I am not sure what obligation will compel the new owner to adequately fund the endowment/ISOC since there is no revenue sharing agreements involved.
Regards
The announcement indicated that all projects and operations will continue as is under new ownership. With its policy on public/community benefit presumably driven and overseen by Ethos Capital's Stewardship Council - I wonder who they will put on this Council.
PIR under Ethos Capital will lose its non-for-profit status, so there might be financial implication not to ISOC but possibly PIR's existing .org customers/registrants.
We shall see.
As Eduardo said there are lots of unknowns at present. Who knows?
Why will it have major implications on ISOC Chapters?
Alan
At 13/11/2019 02:52 PM, Maureen Hilyard wrote:
I know for sure that this was not even hinted at during the last PIR Advisory Council meeting.. but it will have major implications for the ISOC chapters. What are they/ISOC thinking?
Maureen
On Wed, Nov 13, 2019 at 7:59 AM Marita Moll <mmoll@ca.inter.net> wrote:
- Had we known this was lurking in the background -- which it most certainly was at the time -- it might have been a different discussion. How much did ISOC know and when did they know it -- a question ISOC chapters might want to ask.
- Marita
- -------- Forwarded Message --------
- Subject: ISOC sells PIR
- Date: Wed, 13 Nov 2019 17:38:29 +0000
- From: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA>
- Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA>
- To: NCSG-DISCUSS@LISTSERV.SYR.EDU
- I must say, this casts the decision to drop price caps for .org in a slightly different light. I will keep you posted as I learn more.
- https://www.businesswire.com/news/home/20191113005661/en/Ethos-Capital-Acquire-Public-Interest-Registry-Internet
- Stephanie Perrin
- NCSG Chair
-
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