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Richard Kirkendall
@namecheapceo123
·
5h
Hey everyone — I’ve seen a few of you wondering why I updated my handle. I’m in the middle of transitioning to a new one.
Why the change?
As part of the sale to our partners at CVC, I decided early on that I did not want to remain CEO. I’ve led this company for more than 25 years of my life, and it felt like the right time to take a step back.
I’ve been an entrepreneur for most of my adult life, and frankly, I’m a bit of a rebel — I’m just not built to report upward.
That said, when I made this decision, I strongly recommended that my longtime partner on this journey, Hillan Klein, who has been our COO for the last 12 years, step into the CEO role. He’s been an exceptional partner and leader, and I have absolute confidence in his ability to take the company to the next level. He’s also deeply part of our DNA, which mattered a lot to me.
So what will I do?
I’m not fading into the sunset. I still love this company, and I’m still the largest private individual shareholder — so I care deeply about what happens next.
My focus will be on our customers and on continuing to build our products alongside our engineering and product teams. As Chief of Strategy and Innovation, I’ll also continue working closely with Hillan on defining our future path and growth.
I’m especially focused on accelerating the momentum we’ve started with Spaceship, and applying those learnings and technologies to Namecheap so our flagship continues to thrive.
I’ll still be here — just in a better place for me, doing what I love most: building, and staying as close as possible to our customers.
Onwards and upwards.
DomainRecap
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Gee, not like I (and many others) didn't this coming, as I think everyone knew that the "partnership" and "I'll be remaining on as the CEO" post-purchase comments were pure bullshit designed to assuage the press and user base.
Now that the hoopla is over, the other shoe drops and Richard disappears into the night with his massive bag of cash.
Now that the hoopla is over, the other shoe drops and Richard disappears into the night with his massive bag of cash.
Domains101
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DomainRecap
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You don't get purchased by a greedy investment firm and then "leave everything the same" and "give customers the best experience and value" as those new money men will be down the new CEO's back trying to wring every last penny out of NameCheap and Spaceship.
The conversation probably went something like this:
CVC Capital: "Okay Richard, we own NameCheap and we're going to jack prices, raise commissions, fire a significant portion of your employees, and essentially change NameCheap into NameCostly to squeeze as many short-term dollars out of the company as inhumanly possible. You up for it?"
Richard: "Nope, I'm outta here."
CVC Capital: "How about you Hillan? You get a big, cushy office and a huge bump in pay?"
Hillan: "Sounds great, let's get harvesting!"
And so it goes...
The conversation probably went something like this:
CVC Capital: "Okay Richard, we own NameCheap and we're going to jack prices, raise commissions, fire a significant portion of your employees, and essentially change NameCheap into NameCostly to squeeze as many short-term dollars out of the company as inhumanly possible. You up for it?"
Richard: "Nope, I'm outta here."
CVC Capital: "How about you Hillan? You get a big, cushy office and a huge bump in pay?"
Hillan: "Sounds great, let's get harvesting!"
And so it goes...
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