<html><body><font face="Tahoma" size="2"><div>Colleagues,</div><div><br></div><div>I would like to expand on Ayden's question about whether there are serious non-financial concerns around the potential ownership of PIR by what amounts to a particular type of venture capital company. <br></div><div><br></div><div>Think of three types of venture capital company. Some invest in a portfolio of start up companies, hoping that some succeed and the portfolio is profitable. Some invest in successful "boutique" operations to sell to major corporations (or major corporations buy directly) to improve their product line without doing in-house research and development. The third type looks for undervalued companies, buys them, does things to make them look more attractive (cost cutting, "lipstick on the pig") and usually flips them for a relatively quick profit. <br></div><div><br></div><div>My experience as an economist is that firms such as Ethos are of the third type. If the sale goes through that is a hypothesis to be tested. There is nothing about the history of the investors to suggest that they have a long term interest in PIR, .org, or the Internet ecosystem, other than as a source of profits. That means that any declarations that are not carved in legal stone are just "statements of policy for the moment", and all subject to change "as circumstances (including ownership) change". <br></div><div><br></div><div>The move to private ownership for PIR and .org exposes .org domain names, and domain name holders, to many more risks, more than just rate increases. Ayden's concern here would exist if the .org registry goes to private ownership, no matter who the owners are, and who they retain for advice. <br><span> </span></div><blockquote style="border-left: solid 2px #000000; margin-left: 5px; padding-left: 5px"><div><font color="#990000">Ayden asks: <br></font></div><div><font color="#990000">I think this is an area of divergence where a PIR under ISOC's management may behave differently to a PIR owned by a company whose advisor has strong business interests in China.<br></font></div><div><font color="#990000">Do others share this same concern as me?</font></div></blockquote><div><span>Sam Lanfranco <br></span></div><div><br></div><div><i>Postscript: I should declare that at the moment I have a nominal position as a Visiting Professor at Xi'an Jiaotong-Liverpool Univ, Suzhou, China. I do not teach courses. My only role is to advise on curriculum around the global Internet ecosystem. I only have travel expenses covered, with accommodations at the university when there (once two years ago). I am not paid for my advice. If you have questions, please ask. </i><!--[if gte mso 9]><xml>
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