In my blog post (http://blog.nameterrific.com/2012/11/the-fix/) I have listed a few problems.

Basically the domain name industry wasn't being actively developed in the last few years. A lot of effort was spent on the business side, especially how to use domains to boost parking, hosting and SEO services revenue. I think geeks deserve a professional platform that only deals with domain names.

It's a billion industry, and it's a shame that there're few startups focusing on this business. NameTerrific was meant to fill this gap.