A well-known entrepreneur recently announced that he had bought a .com domain for his company. That’s not big news until you hear the rest: it took 6 years of negotiating and $100,000 to get that domain.
His announcement prompted a war of words between his fellow startup founders and the folks he referred to as domain squatters. These are people that make money by buying and holding domain names in hopes of eventually reselling them for a much higher price.