Featured in the Wall Street Journal ABC News BBC News Forbes   Newsweek USA Today New York Times CNN/Money Investor's Business Daily

Home

June 10, 2014

Domain Sales

About Us

YTD Sales Charts

E-Mail Us

The Lowdown

News Headlines

Articles

Resources

Archive

Letters to Editor

The Lowdown Subscribe to our RSS Feed
Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Profile.com Owner to Get $1.5 Million + Equity to Sell Domain in Deal Brokered by WebsiteProperties.com

If you follow our weekly domain sales reports you know Washington State based brokerage WebsiteProperties.com has put up some impressive sales numbers including Fix.com at $850,000, Shout.com at $450,000 and Kosher.com at $200,000, all in the final quarter of 2013 alone.  This evening I got word from company President David Fairley that Website Properties has just gotten a signed contract on a deal that is bigger than those three put together.

Fairley, who represents the owner of Profile.com, said the deal will send the domain to a venture capital backed start-up in the UK for $1.5 million in cash plus 10% equity in the form of shares in the new company. The buyer plans to launch a social media oriented site on the domain next month (July 2014) - obviously a perfect fit for the name. 

Website Properties, LLC President David 
Fairley
with his new godson this spring
.

Fairley and the seller are especially excited about the equity interest in the new enterprise. If it is a hit, their payoff could be several times higher than the cash portion of the deal - which is obviously a nice payday in itself. While the nameservers will be changed when the new site launches, the domain will not change hands until WebsiteProperties receives the $1.5 million from the start-up's Series A funding (and the sale won't be eligible for our charts until the transfer is completed).

It is encouraging to see that obtaining an equity position in addition to substantial cash is still a possibility for top tier domains. Rick Schwartz has always preached that the domain owner should be entitled to a share of the future proceeds of companies that reap great benefits from owning a category defining name (he received equity in addition to $3 million for Candy.com). 

(Posted June 6, 2014)  


For all current Lowdown posts - Go Here


We need your help to keep giving domainers The Lowdown, so please email editor@dnjournal.com with any interesting information you might have. If possible, include the source of your information so we can check it out (for example a URL if you read it in a forum or on a site elsewhere). 

 Home  Domain Sales  YTD Sales Charts   Latest News  The Lowdown  Articles  
Legal Matters
  Dear Domey  Letters to Editor  Resources  Classified Ads  Archive  About Us

Hit Counter

Latest news of the domain name industry

 

Copyright 2014 DNJournal.com - an Internet Edge, Inc. company. 
No material may be copied from this site without expressed written consent.