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<p><font size="+1"><font face="Lucida Grande">All of the recent entrails examination is interesting, but I do agree with Milton here...we cannot complain about commercialization and then say by the way, that was not a high enough price. So better not to refer
to this analysis in anything we write.<br>
</font></font></p>
<p><font size="+1"><font face="Lucida Grande">It is fair to question whether this was a good process, but the line is thin and we don't want to cross it.</font></font></p>
<p><font size="+1"><font face="Lucida Grande">cheers <br>
</font></font></p>
<p><font size="+1"><font face="Lucida Grande">Stephanie Perrin</font></font><br>
</p>
<div class="moz-cite-prefix">On 2019-12-02 16:10, Mueller, Milton L wrote:<br>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I think the analysis in this piece is rubbish.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">It assumes e.g. a leveraged buyout using borrowed money.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">But set that aside for the moment.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">It is inconsistent to jump up and down and scream that the sale of .org constitutes a horrible commercialization of the internet, and then turn around and complain
that ISOC didn’t get enough capital for it. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">What exactly is our goal in raising a stink about this sale? Is just to make noise? Is it to get a higher price for ISOC? Or is it to get better protections for
.ORG registrants? I hope it’s the latter. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Dr. Milton L Mueller<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">School of Public Policy
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Georgia Institute of Technology<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><img style="width:2.0833in;height:.4479in" id="Picture_x0020_1" src="cid:part1.3BE77D8E.26A0193E@mail.utoronto.ca" alt="IGP_logo_gold block_email sig" class="" width="200" height="43"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">
<a href="mailto:governance-request@lists.riseup.net" moz-do-not-send="true">governance-request@lists.riseup.net</a> <<a href="mailto:governance-request@lists.riseup.net" moz-do-not-send="true">governance-request@lists.riseup.net</a>>
<b>On Behalf Of </b>Ayden Férdeline<br>
<b>Sent:</b> Monday, December 2, 2019 3:42 AM<br>
<b>To:</b> governance <<a href="mailto:governance@lists.riseup.net" moz-do-not-send="true">governance@lists.riseup.net</a>><br>
<b>Subject:</b> [governance] [article] Did ISOC leave $1 billion on the table?<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal">A venture capitalist and ex-Mckinsey consultant offers some thoughts on the ISOC sale of PIR, and concludes that ISOC has undervalued PIR by about US $1 billion. This analysis is not perfect (it seems to conflate revenue with earnings)
but is interesting nonetheless:<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
</div>
<div>
<p class="MsoNormal"><a href="https://lancewiggs.com/2019/12/01/did-isoc-leave-1-billion-on-the-table/" moz-do-not-send="true">https://lancewiggs.com/2019/12/01/did-isoc-leave-1-billion-on-the-table/</a><o:p></o:p></p>
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<div>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Best wishes, <o:p></o:p></p>
</div>
<div>
<p class="MsoNormal">Ayden Férdeline<o:p></o:p></p>
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