Marc Ostrofsky

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Marc Ostrofsky is a venture capialist who was called a "Technology Wildcatter" in the Houston Business Journal, [1]. His venture capital firm has created a number of successful telecommunication, publishing and internet based companies. He is the originator and co-founder of Internet REIT, Inc. or www.iREIT.com as well as hundreds of other web properties. His best known enterprise is Internet REIT (iREIT) (also known as www.iREIT.com), which acquires, develops and sells internet traffic "wholesale" to Google for them to resell to others on a PayPerClick basis.

He 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.

Prior to these ventures, Ostrofsky organized several internet and telecommunications magazines and technology trade shows. Some were later sold to Advanstar Publishing, and some to Primedia (NYSE: PRM). He was one of the early pioneers and founders of the voicemail, prepaid telephone card and similar telecom markets in the United States.

He also founded www.idNames.com, an international domain name registry service that was sold to Network Solutions and is now a division of VeriSign.

He has been repeated interviews on major television networks, newspapers and wire services. He is a professional speaker domestically and internationally on entrepreneurship on the internet. . He is a member of the National Speakers Association (NSA) and was the initial creator of the Internet Commerce Association (ICA).

Mr. Ostrofsky is a graduate of the University of Texas at Austin.^{[citation needed]}