Emmit Mchenry , A Black Man Who Pioneered The Internet Domain Registry (.Com)(dot com)

BillBanneker

Superstar
Supporter
Joined
May 13, 2012
Messages
8,914
Reputation
666
Daps
19,986
Reppin
NULL
Emmit went to wealthy high profile Blacks and they all refused to invest in his company. He tried the financial institutions and Wall Street and they also said no. In the meantime the government kept insisting if he could not keep up with the volume they would break the contract.

In 1995 Emmit sold Network Solutions to Science Applications International Corp (or SAIC) for 4.8 million plus personal and business debt. In a few months the government gives SAIC the rights to charge $70.00 per year for each domain name plus royalty on any other created domain names, the same request Emmit made and was refused.

Damn, dude got fukked over big time.
 
Top