![]() |
Anjali Malhotra |
||||||||||||
The Domain Trader for BRINT Institute, LLC |
|||||||||||||
|
"They bought control of beer.com for $80,000 in 1998 and built an audience for the site by giving out free e-mail addresses and having fans ratedifferent brews. Less than a year later, they sold it for $7 million to Interbrew, a beer company. The pair then bought creditcards.com for $100,000 in 2003, created a comparison site for credit-card offers, and sold it to a private equity buyer for $2.8 million in 2004. Now that it's valued by some at several hundred million dollars, they admit to selling too soon. Such advantages help explain why the market for generic domain names is booming. Deals for resold domain names hit $700 million last year, about double the figure in 2005 and quadruple the 2004 level, according to Sedo, a domain name brokerage and appraisal firm in Cambridge, Mass." - "Domains of the Day", Business Week, June 25, 2007
|
||||||||||||