Kevin Ryan, the founder and CEO of Gilt Groupe, a Web site that offers luxury goods, said that on a business level, the idea was an obvious one. “The domain space is a very lucrative space,” he said, since anyone starting a new business finds that every good name has already been taken. “Would I buy kevinryan.nyc? Yes. Would every business do it? Yes. So tens of thousands of people and businesses would buy that.
Kate Taylor, “City Seeks to Become a New Internet Address”
(Source: The New York Times)