Just heard a BBC interview with the founder of Twitter.

First, as you'd expect, a very bright and articulate fellow. A farm boy, who grew up in the middle of a corn field. He's late 30's.

It sounds like Twitter is not really making any money, and may not have much of an idea how they will make money. This made me feel much better about some of my projects. :-)

Also, an interesting discussion regarding a Facebook offer to buy Twitter for many millions, and why the offer was declined. Apparently the owner feels it's not time to cash out yet. I hope he knows what he's doing. Personally, if anybody offers me many millions, it's time to cash out.

I was reminded of a working lunch I had with a domain name speculator a few years back.

His father had died, leaving him a big chunk of cash in the mid 90s. So he invested it all in many domain names. For awhile, things went great, and he received 6 figure offers for some of his domains, and tons of interest in many other domains.

So he figured, the market is hot, so I'll hang tight, and wait for the price to go even higher.

And then the market went poof. All gone. Bye, bye.

When I met him, he had thousands of domains he had to pay to renew every year, and nobody really wanted them.

He could have been a millionaire, set for life, if he'd timed it right. But he got greedy, and now still works his 9-5 job, so he can pay his huge domain registration bills.

It was a sad lunch.

My advice. If your site becomes the next Twitter, sell it. While you can.