If you want to talk to someone who understands the power of a great domain, look no further than Erik Allebest. In 2005, he acquired the domain name chess.com for only $55,000 in a bankruptcy auction and hasn't looked back.

The domain paid dividends early because of how browsers worked. And the great domain still pays dividends to this day.

Chess.com now generates over $100 million a year and employees over 700 people. It welcomes 100,000 new sign ups every day.

Hear Erik's amazing story on today's show.

Also: .Com doldrums, auction changes, expired domains and more.

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