Paul Stahura, who sold the domain name registrar eNom to Demand Media in 2006, has emerged at the helm of a stealthy Seattle area company called Donuts Inc. Very little is known about the startup, and Stahura didn’t want to share details when contacted by GeekWire. “We are in stealth mode,” he said.
Asked why he wanted to start a new company, Stahura said: “I am an entrepreneur. It’s in my blood.”
According to a SEC filing, Donuts has raised $1 million in equity financing. The filing lists a total possible offering amount of $80 million, but Stahura said that figure is “not right.” He confirmed that the company is raising capital, but declined to offer details.
Stahura met with success at eNom, a leading domain name registrar which he founded in his Redmond garage in 1997. He later served in executive roles at Demand Media — – including president and chief strategy officer –before leaving in November 2009. An online content creator known for properties such as eHow, Trails.com and GolfLink, Demand Media went public earlier this year and now boasts a market value of $1.3 billion.
While not as well known, eNom remains a big part of Demand Media. Located in Bellevue, it claims to be the “world’s largest wholesale registrar of Internet domain names.” At the end of last year, it had more than 11 million domains under management and 2010 revenue of $100 million.
There certainly aren’t many Seattle area tech entrepreneurs who’ve built $100 million businesses, so it will be fascinating to see what Stahura and crew are frying up with Donuts Inc.
According to the filing, directors of the company include Robert Verratti — the former CEO of Traffic.com — who now serves as a partner at Wayne, Pennsylvania-based of TL Ventures. Also listed as a director is Chris Pacitti of Austin Ventures. (Pacitti previously worked at TL Ventures).
In addition to Stahura, executives in the company include Richard Tindal of Bellevue; Jonathon Nevett of Rockville, Maryland; and Daniel Schindler of Calabasas, California, according to the filing. Nevett’s past experience includes executive roles at domain name registrar Network Solutions.
A search of corporate records with the state of Washington indicates that the company was created on January 4th of this year.