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<mailto: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><mailto:stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA><mailto:stephanie.perrin@MAIL.UTORONTO.CA> To: NCSG-DISCUSS@LISTSERV.SYR.EDU<mailto: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-Acqui... Stephanie Perrin NCSG Chair _______________________________________________ CPWG mailing list CPWG@icann.org<mailto:CPWG@icann.org> https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy ( https://www.icann.org/privacy/policy) and the website Terms of Service ( https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on. _______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy ( https://www.icann.org/privacy/policy) and the website Terms of Service ( https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on. _______________________________________________ registration-issues-wg mailing list registration-issues-wg@atlarge-lists.icann.org https://mm.icann.org/mailman/listinfo/registration-issues-wg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy ( https://www.icann.org/privacy/policy) and the website Terms of Service ( https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on.
As Eduardo said there are lots of unknowns at present. Who knows? On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
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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. 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. Justine ----- On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
_______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
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Thank you for the explanation and clarification, Justine. Doesnt sound as doom and gloom as initially assumed. But interesting that nothing was intimated prior. M On Wed, 13 Nov 2019, 4:33 PM Justine Chew, <justine.chew@gmail.com> wrote:
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.
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
_______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
_______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy ( https://www.icann.org/privacy/policy) and the website Terms of Service ( https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on.
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It is not uncommon for such transactions to be negotiated in confidence. ISOC Board members probably knew about it but would have been obligated to not disclose to anyone without need to know status. Would be interesting to see in due course how much influence the Ethos Capital Stewardship Council will have over Ethos Capital board of directors, if at all. Justine ----- On Thu, 14 Nov 2019 at 10:37, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
Thank you for the explanation and clarification, Justine. Doesnt sound as doom and gloom as initially assumed. But interesting that nothing was intimated prior.
M
On Wed, 13 Nov 2019, 4:33 PM Justine Chew, <justine.chew@gmail.com> wrote:
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.
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 not-for-profit status, so there might be financial implication not to ISOC but possibly PIR's existing .org customers/registrants.
We shall see.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
_______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
_______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy ( https://www.icann.org/privacy/policy) and the website Terms of Service ( https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on.
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On Wed, 13 Nov 2019 at 21:51, Justine Chew <justine.chew@gmail.com> wrote:
It is not uncommon for such transactions to be negotiated in confidence. ISOC Board members probably knew about it but would have been obligated to not disclose to anyone without need to know status.
That's understood. But in a nonprofit such major decisions -- substantial asset transactions, bylaw changes, etc -- are typically ratified by membership after negotiation, in this case the various electors of the ISOC Board. In many cases such oversight is baked into the bylaws. I see nothing in the news at hand to indicate that the transaction is subject to any such ratification. - Evan
On 14 Nov 2019, at 03:37, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
Thank you for the explanation and clarification, Justine. Doesnt sound as doom and gloom as initially assumed.
Maybe, but re:
there might be financial implication not to ISOC but possibly PIR's existing .org customers/registrants.
Anyone who can share her/his reflection on https://domainnamewire.com/2019/11/13/the-interesting-connection-between-the... ? Thanks, Bastiaan
On Wed, 13 Nov 2019, 4:33 PM Justine Chew, <justine.chew@gmail.com> wrote: 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.
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote: As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote: 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-Acqui...
Stephanie Perrin
NCSG Chair
_______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
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Sent from my mobile Kindly excuse brevity and typos On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote:
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
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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 On 14.11.2019, at 12:58, Seun Ojedeji <seun.ojedeji@gmail.com<mailto:seun.ojedeji@gmail.com>> wrote: Sent from my mobile Kindly excuse brevity and typos On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com<mailto:justine.chew@gmail.com>> wrote: 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. Justine ----- On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com<mailto:maureen.hilyard@gmail.com>> wrote: As Eduardo said there are lots of unknowns at present. Who knows? On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca<mailto:alan.greenberg@mcgill.ca>> wrote: 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<mailto: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><mailto:stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA><mailto:stephanie.perrin@MAIL.UTORONTO.CA> To: NCSG-DISCUSS@LISTSERV.SYR.EDU<mailto: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-Acqui... Stephanie Perrin NCSG Chair _______________________________________________ CPWG mailing list CPWG@icann.org<mailto:CPWG@icann.org> https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on. _______________________________________________ CPWG mailing list CPWG@icann.org<mailto:CPWG@icann.org> https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on. _______________________________________________ registration-issues-wg mailing list registration-issues-wg@atlarge-lists.icann.org<mailto:registration-issues-wg@atlarge-lists.icann.org> https://mm.icann.org/mailman/listinfo/registration-issues-wg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on. _______________________________________________ CPWG mailing list CPWG@icann.org<mailto:CPWG@icann.org> https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). 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You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on. _______________________________________________ CPWG mailing list CPWG@icann.org<mailto:CPWG@icann.org> https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on._______________________________________________ registration-issues-wg mailing list registration-issues-wg@atlarge-lists.icann.org<mailto:registration-issues-wg@atlarge-lists.icann.org> https://mm.icann.org/mailman/listinfo/registration-issues-wg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). 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Hi Roberto, Do you think that there is connection between the recently US registered EthosCapital.com with the South African https://ethoscapital.mu? On Thu, Nov 14, 2019, 11:32 Roberto Gaetano <roberto_gaetano@hotmail.com> wrote:
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
On 14.11.2019, at 12:58, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Sent from my mobile Kindly excuse brevity and typos
On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote:
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
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Hi Nadira. It was just a wild guess. However, my wild guess was prompted by the fact that according to Bloomberg the South African company has an offspring in the US with same CEO & CFO - see https://www.bloomberg.com/profile/company/1085299D:US But I was most likely wrong - https://ethoscapital.com has a different leadership, including Erik Brooks that used to be Managing Partner at Abry Partners, the company who bought Donuts. If this does not ring a bell I wonder what else would. This week I am in a conference, and had not much time to read over the materials after the announcement. I will have more time over the weekend and next week. Cheers, R On 14.11.2019, at 14:26, Nadira Alaraj <nadira.araj@gmail.com<mailto:nadira.araj@gmail.com>> wrote: Hi Roberto, Do you think that there is connection between the recently US registered EthosCapital.com<http://EthosCapital.com> with the South African https://ethoscapital.mu<https://ethoscapital.mu/>? On Thu, Nov 14, 2019, 11:32 Roberto Gaetano <roberto_gaetano@hotmail.com<mailto:roberto_gaetano@hotmail.com>> wrote: 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<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 On 14.11.2019, at 12:58, Seun Ojedeji <seun.ojedeji@gmail.com<mailto:seun.ojedeji@gmail.com>> wrote: Sent from my mobile Kindly excuse brevity and typos On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com<mailto:justine.chew@gmail.com>> wrote: 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. Justine ----- On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com<mailto:maureen.hilyard@gmail.com>> wrote: As Eduardo said there are lots of unknowns at present. Who knows? On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca<mailto:alan.greenberg@mcgill.ca>> wrote: 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<mailto: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><mailto:stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA><mailto:stephanie.perrin@MAIL.UTORONTO.CA> To: NCSG-DISCUSS@LISTSERV.SYR.EDU<mailto: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-Acqui... Stephanie Perrin NCSG Chair _______________________________________________ CPWG mailing list CPWG@icann.org<mailto:CPWG@icann.org> https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). 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You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on. _______________________________________________ CPWG mailing list CPWG@icann.org<mailto:CPWG@icann.org> https://mm.icann.org/mailman/listinfo/cpwg _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on.
Seun, You are mixing up the roles of the parties. The new owner ie Ethos Capital has no role to play in and does not fund the endowment for ISOC projects/activities. Ethos Capital is buying PIR (the operating entity which is an asset of ISOC) from ISOC - i.e. an outright sale and purchase of an asset - for X sum. It is ISOC which will arrange to fund the endowment vide the X sum (or more accurately, the returns on the investment of X sum) it receives from Ethos Capital. After the transaction is completed, Ethos Capital will own and operate PIR outright. So no revenue sharing is involved. The announcement indicated that Ethos Capital intends for "*PIR to continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission*" and to maintain "*all of **PIR’s domain operations and educational initiatives*" as is - these are PIR's domain operations and educational initiatives not ISOC projects/activities. Justine ----- On Thu, 14 Nov 2019 at 16:58, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Sent from my mobile Kindly excuse brevity and typos
On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote:
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
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Hello Justine, Yes you are right i misunderstood something in your mail, but it wasn't the role, it was the word "proceeds" I had thought you meant the proceeds made by the new org. I guess we are both in sync then. Nevertheless it still opens the question of the fact that the major funding source of ISOC(which includes ISOC chapters)/IETF is now gone. It may look like they have x amount they've received form the sale afterall.....well that to me is a static cash which can either diminish rapidly or increase a little (if invested properly), which i don't think is better than a continuous steady source of funds that ISOC enjoy from earlier ISOC/PIR relationship. I still wonder, what the ref was thinking by making this move! Regards On Thu, Nov 14, 2019 at 4:34 AM Justine Chew <justine.chew@gmail.com> wrote:
Seun,
You are mixing up the roles of the parties. The new owner ie Ethos Capital has no role to play in and does not fund the endowment for ISOC projects/activities. Ethos Capital is buying PIR (the operating entity which is an asset of ISOC) from ISOC - i.e. an outright sale and purchase of an asset - for X sum. It is ISOC which will arrange to fund the endowment vide the X sum (or more accurately, the returns on the investment of X sum) it receives from Ethos Capital.
After the transaction is completed, Ethos Capital will own and operate PIR outright. So no revenue sharing is involved.
The announcement indicated that Ethos Capital intends for "*PIR to continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission*" and to maintain "*all of **PIR’s domain operations and educational initiatives*" as is - these are PIR's domain operations and educational initiatives not ISOC projects/activities.
Justine -----
On Thu, 14 Nov 2019 at 16:58, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Sent from my mobile Kindly excuse brevity and typos
On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote:
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
_______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
_______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy ( https://www.icann.org/privacy/policy) and the website Terms of Service ( https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on.
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-- ------------------------------------------------------------------------ *Seun Ojedeji,Federal University Oye-Ekitiweb: http://www.fuoye.edu.ng <http://www.fuoye.edu.ng> Mobile: +2348035233535**alt email: <http://goog_1872880453>seun.ojedeji@fuoye.edu.ng <seun.ojedeji@fuoye.edu.ng>* Bringing another down does not take you up - think about your action!
Hello back Seun, I would say it depends on the X sum that was agreed upon. I would be aghast if the ISOC Board didn't consider a significantly handsome earnings factor in negotiating the X sum. But for PIR's longstanding purpose-driven mission, this would have been a clean exit plan for ISOC. But sure, we should all follow the execution of this transaction and beyond, and certainly, ISOC chapters and all interested parties should scrutinize details of the deal for themselves. Justine ----- On Thu, 14 Nov 2019 at 17:47, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Hello Justine,
Yes you are right i misunderstood something in your mail, but it wasn't the role, it was the word "proceeds" I had thought you meant the proceeds made by the new org. I guess we are both in sync then. Nevertheless it still opens the question of the fact that the major funding source of ISOC(which includes ISOC chapters)/IETF is now gone. It may look like they have x amount they've received form the sale afterall.....well that to me is a static cash which can either diminish rapidly or increase a little (if invested properly), which i don't think is better than a continuous steady source of funds that ISOC enjoy from earlier ISOC/PIR relationship. I still wonder, what the ref was thinking by making this move!
Regards
On Thu, Nov 14, 2019 at 4:34 AM Justine Chew <justine.chew@gmail.com> wrote:
Seun,
You are mixing up the roles of the parties. The new owner ie Ethos Capital has no role to play in and does not fund the endowment for ISOC projects/activities. Ethos Capital is buying PIR (the operating entity which is an asset of ISOC) from ISOC - i.e. an outright sale and purchase of an asset - for X sum. It is ISOC which will arrange to fund the endowment vide the X sum (or more accurately, the returns on the investment of X sum) it receives from Ethos Capital.
After the transaction is completed, Ethos Capital will own and operate PIR outright. So no revenue sharing is involved.
The announcement indicated that Ethos Capital intends for "*PIR to continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission*" and to maintain "*all of **PIR’s domain operations and educational initiatives*" as is - these are PIR's domain operations and educational initiatives not ISOC projects/activities.
Justine -----
On Thu, 14 Nov 2019 at 16:58, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Sent from my mobile Kindly excuse brevity and typos
On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote:
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard < maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
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> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <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-Acqui...
Stephanie Perrin
NCSG Chair
_______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
_______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy ( https://www.icann.org/privacy/policy) and the website Terms of Service ( https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on.
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-- ------------------------------------------------------------------------
*Seun Ojedeji,Federal University Oye-Ekitiweb: http://www.fuoye.edu.ng <http://www.fuoye.edu.ng> Mobile: +2348035233535**alt email: <http://goog_1872880453>seun.ojedeji@fuoye.edu.ng <seun.ojedeji@fuoye.edu.ng>*
Bringing another down does not take you up - think about your action!
Sent from my mobile Kindly excuse brevity and typos On Thu, 14 Nov 2019, 11:05 Justine Chew, <justine.chew@gmail.com> wrote:
Hello back Seun,
I would say it depends on the X sum that was agreed upon. I would be aghast if the ISOC Board didn't consider a significantly handsome earnings factor in negotiating the X sum. But for PIR's longstanding purpose-driven mission, this would have been a clean exit plan for ISOC.
But sure, we should all follow the execution of this transaction and beyond, and certainly, ISOC chapters and all interested parties should scrutinize details of the deal for themselves.
SO: Certainly the ship has sailed with regards to this transaction, if anything is to be scrutinized it will be plan on how ISOC intends to remain sustainable for many more years to come. Cheers!
Justine -----
On Thu, 14 Nov 2019 at 17:47, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Hello Justine,
Yes you are right i misunderstood something in your mail, but it wasn't the role, it was the word "proceeds" I had thought you meant the proceeds made by the new org. I guess we are both in sync then. Nevertheless it still opens the question of the fact that the major funding source of ISOC(which includes ISOC chapters)/IETF is now gone. It may look like they have x amount they've received form the sale afterall.....well that to me is a static cash which can either diminish rapidly or increase a little (if invested properly), which i don't think is better than a continuous steady source of funds that ISOC enjoy from earlier ISOC/PIR relationship. I still wonder, what the ref was thinking by making this move!
Regards
On Thu, Nov 14, 2019 at 4:34 AM Justine Chew <justine.chew@gmail.com> wrote:
Seun,
You are mixing up the roles of the parties. The new owner ie Ethos Capital has no role to play in and does not fund the endowment for ISOC projects/activities. Ethos Capital is buying PIR (the operating entity which is an asset of ISOC) from ISOC - i.e. an outright sale and purchase of an asset - for X sum. It is ISOC which will arrange to fund the endowment vide the X sum (or more accurately, the returns on the investment of X sum) it receives from Ethos Capital.
After the transaction is completed, Ethos Capital will own and operate PIR outright. So no revenue sharing is involved.
The announcement indicated that Ethos Capital intends for "*PIR to continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission*" and to maintain "*all of **PIR’s domain operations and educational initiatives*" as is - these are PIR's domain operations and educational initiatives not ISOC projects/activities.
Justine -----
On Thu, 14 Nov 2019 at 16:58, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Sent from my mobile Kindly excuse brevity and typos
On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote:
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard < maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, < alan.greenberg@mcgill.ca> wrote:
> 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> > <stephanie.perrin@MAIL.UTORONTO.CA> > Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> > <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-Acqui... > > > Stephanie Perrin > > NCSG Chair > > > _______________________________________________ > CPWG mailing list > CPWG@icann.org > https://mm.icann.org/mailman/listinfo/cpwg > > _______________________________________________ > By submitting your personal data, you consent to the processing of > your personal data for purposes of subscribing to this mailing list > accordance with the ICANN Privacy Policy ( > https://www.icann.org/privacy/policy) and the website Terms of > Service ( https://www.icann.org/privacy/tos). You can visit the > Mailman link above to change your membership status or configuration, > including unsubscribing, setting digest-style delivery or disabling > delivery altogether (e.g., for a vacation), and so on. > > _______________________________________________ > CPWG mailing list > CPWG@icann.org > https://mm.icann.org/mailman/listinfo/cpwg > > _______________________________________________ > By submitting your personal data, you consent to the processing of > your personal data for purposes of subscribing to this mailing list > accordance with the ICANN Privacy Policy ( > https://www.icann.org/privacy/policy) and the website Terms of > Service ( https://www.icann.org/privacy/tos). You can visit the > Mailman link above to change your membership status or configuration, > including unsubscribing, setting digest-style delivery or disabling > delivery altogether (e.g., for a vacation), and so on. > _______________________________________________ > registration-issues-wg mailing list > registration-issues-wg@atlarge-lists.icann.org > https://mm.icann.org/mailman/listinfo/registration-issues-wg > > _______________________________________________ > By submitting your personal data, you consent to the processing of > your personal data for purposes of subscribing to this mailing list > accordance with the ICANN Privacy Policy ( > https://www.icann.org/privacy/policy) and the website Terms of > Service ( https://www.icann.org/privacy/tos). You can visit the > Mailman link above to change your membership status or configuration, > including unsubscribing, setting digest-style delivery or disabling > delivery altogether (e.g., for a vacation), and so on. > > _______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
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-- ------------------------------------------------------------------------
*Seun Ojedeji,Federal University Oye-Ekitiweb: http://www.fuoye.edu.ng <http://www.fuoye.edu.ng> Mobile: +2348035233535**alt email: <http://goog_1872880453>seun.ojedeji@fuoye.edu.ng <seun.ojedeji@fuoye.edu.ng>*
Bringing another down does not take you up - think about your action!
My analysis indicates that PIR was sold for about $2 billion. If you take that money and invest it at a reasonable 3% it will yield around 60M a year which is a very healthy, stable and secure yearly operational budget for an organization like ISOC. As a result, I also predict a significant increase in staff numbers. -ed On Thu, Nov 14, 2019 at 6:05 AM Justine Chew <justine.chew@gmail.com> wrote:
Hello back Seun,
I would say it depends on the X sum that was agreed upon. I would be aghast if the ISOC Board didn't consider a significantly handsome earnings factor in negotiating the X sum. But for PIR's longstanding purpose-driven mission, this would have been a clean exit plan for ISOC.
But sure, we should all follow the execution of this transaction and beyond, and certainly, ISOC chapters and all interested parties should scrutinize details of the deal for themselves.
Justine -----
On Thu, 14 Nov 2019 at 17:47, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Hello Justine,
Yes you are right i misunderstood something in your mail, but it wasn't the role, it was the word "proceeds" I had thought you meant the proceeds made by the new org. I guess we are both in sync then. Nevertheless it still opens the question of the fact that the major funding source of ISOC(which includes ISOC chapters)/IETF is now gone. It may look like they have x amount they've received form the sale afterall.....well that to me is a static cash which can either diminish rapidly or increase a little (if invested properly), which i don't think is better than a continuous steady source of funds that ISOC enjoy from earlier ISOC/PIR relationship. I still wonder, what the ref was thinking by making this move!
Regards
On Thu, Nov 14, 2019 at 4:34 AM Justine Chew <justine.chew@gmail.com> wrote:
Seun,
You are mixing up the roles of the parties. The new owner ie Ethos Capital has no role to play in and does not fund the endowment for ISOC projects/activities. Ethos Capital is buying PIR (the operating entity which is an asset of ISOC) from ISOC - i.e. an outright sale and purchase of an asset - for X sum. It is ISOC which will arrange to fund the endowment vide the X sum (or more accurately, the returns on the investment of X sum) it receives from Ethos Capital.
After the transaction is completed, Ethos Capital will own and operate PIR outright. So no revenue sharing is involved.
The announcement indicated that Ethos Capital intends for "*PIR to continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission*" and to maintain "*all of **PIR’s domain operations and educational initiatives*" as is - these are PIR's domain operations and educational initiatives not ISOC projects/activities.
Justine -----
On Thu, 14 Nov 2019 at 16:58, Seun Ojedeji <seun.ojedeji@gmail.com> wrote:
Sent from my mobile Kindly excuse brevity and typos
On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote:
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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard < maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, < alan.greenberg@mcgill.ca> wrote:
> 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> > <stephanie.perrin@MAIL.UTORONTO.CA> > Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> > <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-Acqui... > > > Stephanie Perrin > > NCSG Chair > > > _______________________________________________ > CPWG mailing list > CPWG@icann.org > https://mm.icann.org/mailman/listinfo/cpwg > > _______________________________________________ > By submitting your personal data, you consent to the processing of > your personal data for purposes of subscribing to this mailing list > accordance with the ICANN Privacy Policy ( > https://www.icann.org/privacy/policy) and the website Terms of > Service ( https://www.icann.org/privacy/tos). You can visit the > Mailman link above to change your membership status or configuration, > including unsubscribing, setting digest-style delivery or disabling > delivery altogether (e.g., for a vacation), and so on. > > _______________________________________________ > CPWG mailing list > CPWG@icann.org > https://mm.icann.org/mailman/listinfo/cpwg > > _______________________________________________ > By submitting your personal data, you consent to the processing of > your personal data for purposes of subscribing to this mailing list > accordance with the ICANN Privacy Policy ( > https://www.icann.org/privacy/policy) and the website Terms of > Service ( https://www.icann.org/privacy/tos). You can visit the > Mailman link above to change your membership status or configuration, > including unsubscribing, setting digest-style delivery or disabling > delivery altogether (e.g., for a vacation), and so on. > _______________________________________________ > registration-issues-wg mailing list > registration-issues-wg@atlarge-lists.icann.org > https://mm.icann.org/mailman/listinfo/registration-issues-wg > > _______________________________________________ > By submitting your personal data, you consent to the processing of > your personal data for purposes of subscribing to this mailing list > accordance with the ICANN Privacy Policy ( > https://www.icann.org/privacy/policy) and the website Terms of > Service ( https://www.icann.org/privacy/tos). You can visit the > Mailman link above to change your membership status or configuration, > including unsubscribing, setting digest-style delivery or disabling > delivery altogether (e.g., for a vacation), and so on. > > _______________________________________________ CPWG mailing list CPWG@icann.org https://mm.icann.org/mailman/listinfo/cpwg
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-- ------------------------------------------------------------------------
*Seun Ojedeji,Federal University Oye-Ekitiweb: http://www.fuoye.edu.ng <http://www.fuoye.edu.ng> Mobile: +2348035233535**alt email: <http://goog_1872880453>seun.ojedeji@fuoye.edu.ng <seun.ojedeji@fuoye.edu.ng>*
Bringing another down does not take you up - think about your action!
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Thx for info @Justine. Javier Rúa-Jovet +1-787-396-6511 twitter: @javrua skype: javier.rua1 https://www.linkedin.com/in/javrua
On Nov 14, 2019, at 5:34 AM, Justine Chew <justine.chew@gmail.com> wrote:
Seun,
You are mixing up the roles of the parties. The new owner ie Ethos Capital has no role to play in and does not fund the endowment for ISOC projects/activities. Ethos Capital is buying PIR (the operating entity which is an asset of ISOC) from ISOC - i.e. an outright sale and purchase of an asset - for X sum. It is ISOC which will arrange to fund the endowment vide the X sum (or more accurately, the returns on the investment of X sum) it receives from Ethos Capital.
After the transaction is completed, Ethos Capital will own and operate PIR outright. So no revenue sharing is involved.
The announcement indicated that Ethos Capital intends for "PIR to continue to meet the highest standards of public transparency, accountability, and social performance in line with its longstanding purpose-driven mission" and to maintain "all of PIR’s domain operations and educational initiatives" as is - these are PIR's domain operations and educational initiatives not ISOC projects/activities.
Justine -----
On Thu, 14 Nov 2019 at 16:58, Seun Ojedeji <seun.ojedeji@gmail.com> wrote: Sent from my mobile Kindly excuse brevity and typos
On Thu, 14 Nov 2019, 03:33 Justine Chew, <justine.chew@gmail.com> wrote: 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.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote: As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote: 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-Acqui...
Stephanie Perrin
NCSG Chair
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participants (10)
-
Alan Greenberg -
Bastiaan Goslings -
Eduardo Diaz -
Evan Leibovitch -
Javier Rua -
Justine Chew -
Maureen Hilyard -
Nadira Alaraj -
Roberto Gaetano -
Seun Ojedeji