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Marc Ostrofsky is a Houston, Texas based domain name reseller and serial entrepreneur. He has created a variety of telecommunication, publishing and internet based companies.
Called a "Technology Wildcatter" in the The Houston Business Journal, he has created a number of ventures ranging from Magazine Publishing and Trade Shows to internet firms, web sites and backed other web based ventures using his venture capital firm.
He is the originator and co-founder of Internet REIT, Inc. or www.iREIT.com an internet firm backed by a handful of high profile venture capital firms and wealthy private investors including Starbucks Founder and Chairman, Howard Schultz and Texas Billionaire, H. Ross Perot, plus others.
Internet REIT (iREIT) acquires, develops and basically sells internet traffic "wholesale" to Google for them to resell to others on a PayPerClick basis and many others.
Marc is known for his record sale of Business.com in 1999 for $7.5 million to eCompanies which landed in the Guinness Book of World Records for the most expensive domain name ever sold. He coined the phrase "Domain Names are the Real Estate of the Internet" when he bought Business.com for $150,000 in the mid 90's which, at that time, was the most money ever paid for a domain name at that time.
Mr. Ostrofsky is a technology & Internet evangelist as well as a technology researcher in various Internet sectors.
Prior to these ventures, Ostrofsky founded five high tech Internet and telecommunications magazines and 10+ technology trade shows and conventions that were all later sold to Advanstar publishing for $8,000,000. He then created and sold Multimedia Publishing Corporation another firm made up of magazines, trade shows and web sites to Primedia (NYSE: PRM)for $35,000,000. He was one of the early pioneers and founders of the Voice Mail/Voice Processing market, the Private Pay Phone Market, the Operator Services market as well as the primary founder of the Prepaid Telephone Card market in the United States after extensive research on the subject of prepaid telecom using smart cards throughout Europe.
He also founded www.idNames.com an international domain name registration service that was sold to Network Solutions and is now a $30+ million division of Verisign.
He is an owner, investor and/or board member of Blinds.com and CuffLinks.com
His television interviews include: The Today Show, ABC's 20/20, Wall Street Journal Report, ABC, NBC, CBS, CNN, as well as others. Newspaper and wire service media include The Associated Press, The Wall Street Journal, The New York Times and USA Today and Newsweek magazine among others.
He is a professional speaker domestically and internationally on Entrepreneurship, How to build a business, How to sell a business with an emphasis on his "Get Rich Click" tag phrase.
He is a member of the NSA-National Speakers Association and was the initial creator of the ICA - Internet Commerce Association.