There was a mini brouhaha that had broken out on Namepros in the Flippa strategies thread. There was a reference to an old interview I had done here with the CEO of Flippa David Slutzkin. In that interview I asked him:
6) Does Flippa allow employees to bid on auctions ?
“We do allow our staff to bid on auctions as long as the bidders are
clear about this with sellers, however we’re usually so busy working
with Flippa, that our staff of 12 doesn’t have the time to be buying
Hey Now on Namepros felt that there needed to be more in the way of a protection for buyers, that they should know they are potentially bidding against Flippa employees. Of course this is not the first time employees and auction bidding has come up. Adam Dicker while a VP at Go Daddy was allowed by management to bid on auctions. This caused quite a backlash from other bidders, the story was covered by Wired Magazine.
From the article:
Go Daddy put the kibosh on employee after-market domain bidding after Adam Dicker, a Go Daddy exec, got busted bidding on domains on TDNAM (The Domain Name After Market).
“To ensure customer confidence and to avoid any possible future questions of impropriety all GD employees are now and in the future prohibited from participating in TDNAM auctions, purchasing, sales & back orders,” said Christine Jones, Go Daddy general counsel and corporate secretary, in a prepared statement.
Although Go Daddy insists Dicker, vice president of the Domain Name After Market, did nothing “improper,” his actions raise concerns about Go Daddy’s policies and practices.
Go Daddy was quick to point out that Adam had no access to inside information.
Kevin Fink to his credit joined Namepros as official Flippa staff and started to reply to concerns, it is good to see a company have a representative get into the muck on a forum, it is one thing to do a guest post on a blog, that is the equivalent of box seats at Wimbledon. It is a very different thing to get into it on a domain forum, the equivalent of being in the mosh pit at a heavy metal concert.
JB Lions pointed out a very good idea, that there should be some kind of symbol so everyone knows that Bidder 2 for example is an employee.
So what are your thoughts on employees bidding in auctions ? Will you participate less in those auctions ?