$7.5 million for the business.com domain name: too much?

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$7.5 million for the business.com domain name: too much? (Page 1)

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Author	Topic: $7.5 million for the business.com domain name: too much?
Mayor of Investorville Administrator	posted 04-03-2001 05:34 PM CA-based business information portal Business.com has acquired the Work.com domain from Dow Jones, Excite@Home and Work.com's CEO. Terms of the deal were not announced, but CBS MarketWatch reported that Business.com paid $500,000. All traffic to the Work.com domain is being redirected to Business.com. Work.com announced last month that it was ceasing operations and laying off its entire staff.
Jim Newman unregistered	posted 03-04-2001 01:27 AM Why not register a few domains yourself, and sell them? I did that, and sure, I didn't get millions, but few thousand bucks anyway!It was easy and cheap, plus their redirect doesn't have any ads/popups or banners. A good deal, I would say. Check them out, http://www.xroad.com
Mayor of Investorville Administrator	posted 01-23-2001 10:07 AM Last month, now-defunct Mortgage.com sold its domain name to ABN AMRO Mortgage Group for $1.8 million.
InvestorGuide Daily Administrator	posted 10-31-2000 06:29 PM When the Internet went commercial, big companies turned around to find their corporate identities held hostage online. Now ICANN is trying to turn the tables with a strategy that holds implications for all kinds of dot-coms, even those with legitimate domain names. (source: eCompany Now) http://www.ecompany.com/articles/web/0,1653,8793,00.html
newsman	posted 09-20-2000 09:54 AM 9/19/00: Business.com has secured $61 million in financing from a group led by the Financial Times Group, a division of Pearson plc and Cahners Business Information, a member of the Reed Elsevier plc group. The equity round also included an investment by Mort Zuckerman, owner of U.S. News & World Report, Fast Company and The New York Daily News. Other investors in the round include IndustryClick, a subsidiary of Primedia Inc., and The McGraw-Hill Cos.
dude	posted 08-10-2000 05:13 PM Just because this company wasn't able to do anything useful with the domain doesn't mean the domain wasn't worth what they paid for it. And of course there has been a temporary drop in the market prices of domain names along with the overall drop in internet stocks. But $1.5 million does seem a little high for my.com... I would've guessed half a million to a million, since it is the kind of name you could build a startup around. I wouldn't read too much into the site's claim that they're selling the domain at a loss... anyone who claims to be the leading anything prior to launch (as they apparently did) deserves zero credibility.
greenjeans	posted 08-04-2000 09:52 AM I found this little article and thought it put some evidence behind what the last guy said. From Ecompany: Site of the Living Dead By Tim Carvell If you're on the Web and looking to learn about fallen dotcoms, there are any number of places you can go -- Bubbleeconomy.com, Dotcomfailures.com, ****edcompany.com, and, of course, this site. But perhaps the most succinct epitaph for the go-go days of Internet mania can be found at My.com. Point your browser there and you'll find a message that, in just 61 words, tells you everything you need to know about how silly things got as Internet mania spiraled out of control. The message reads, in its entirety: "We purchased the domain name my.com to use it for an Internet startup but never used it. We now need to sell our one-of-a-kind domain name. "We are currently prepared to sell my.com for USD $1.5M. "If you are interested in the domain name my.com at this price please do not hesitate to contact us at dns@my.com. Serious inquiries only please." The message that appears now is a slightly abridged version of the plea that appeared on the site last week. That one included a poignant aside: "For the self-righteous among you, please be aware that we spent more than this amount. We are only looking to recover a portion of what was lost from this sale." It's not hard to figure out why the folks at My.com decided to prune this passage; when demanding $1.5 million for five letters and a punctuation mark, it seems unwise to try to position it as a bargain. Indeed, what's most remarkable about the My.com message is the clear subtext it carries: "Listen," it seems to say, "we recognize that the greater-fool theory no longer holds. So we're looking for an ever-so-slightly lesser fool. Could you be the one?" Intrigued by the site, eCompany.com has tried to make contact with the good people of My.com, but we haven't received a response to either the e-mail we sent to the address on the site or a phone call we placed to the telephone number listed in its registration filing. A Web search for My.com, however, did yield a clue to the owner's initial intentions. The company had posted a job description at Monster.com that urged prospective applicants to join "the leading provider of internet-enabled business management and web management products and services for the Small Office/Home Office (SOHO) segment." The posting went on to explain: "At MY.COM we know that hiring the very best people is critical to success." That's a fine and noble thought. Here's a suggestion for how to spot the very best people: Ask prospects how much they'd spend on a site's URL. If they reply, "Over $1.5 million," keep looking.
newguy	posted 07-08-2000 12:27 PM Now that the bloom is off the internet rose and people are realizing that building an internet company isn't so easy, what effect will that have on the prices of domain names? Presumably they'll drop, but by how much, and how long will it be before they recover?
scripter	posted 06-29-2000 01:53 PM One potential threat to the value of top-notch domain names that was mentioned in the original Tomments was RealNames. But their alternative to URLs doesn't seem to be catching on, they've put a planned IPO on hold, and this week they announced that they were firing 20% of their workforce. So owners of expensive domain names probably have one less thing to worry about.
InvestorGuide Weekly Administrator	posted 06-12-2000 10:51 AM Late last year, internet venture capital fund eCompanies paid more than $7.5 million for the business.com domain name, shattering the old record. Salon takes a look at what they've done with the site and what they're planning. http://www.salonmagazine.com/tech/feature/2000/06/07/gumbel/index.html
KeithG	posted 06-05-2000 05:27 PM Here's a chance to catch up with the people running business.com. http://newsweek.com/nw-srv/printed/us/st/a20661-2000jun4.htm
fanatic	posted 04-12-2000 05:00 PM Update: Starting Tuesday, HitDomains.com, a Pompano Beach company, began auctioning 3,000 Web names for business and financial services. It says it will set a minimum bid of $7.5 million for pay.com, $5 million for stockexchange.com, $4.2 million for postage.com, $3.5 million for cash.com. Meanwhile, GreatDomains.com, a Southern California rival, reports it already has received $7.5 million bids each for stocks.com and bonds.com. It says bidders also have offered $10 million for America.com, but the owners are holding out for $30 million.
JHirsch	posted 03-24-2000 06:55 PM Thanks for the article. Here's another one... about the high flying prices of domain names. http://www.emarketer.com/enews/030600_rNames.html?ref=wn Here's a question... now that B2C commerce is not quite as popular, are domain names as important? Businesses will use the B2B site that is the best, not the one that is the flashiest or has the best name... at least not as much as consumers do.
bobcobb	posted 03-16-2000 07:06 PM InfoSpace(.com) is bucking the trend and has changed its name to InfoSpace. http://news.cnet.com/news/0-1005-200-1562413.html This quote from the article was especially humorous and also true i'm sure. "According to some industry observers, the dot-com frenzy will soon go the way of grunge rock--an outdated fad that swept by quickly but left an impression." In a few years (5 or 6 probably) there will be no such thing as a dot-com company. Most every company will use the net for some things, but none will use the net for everything.
dude	posted 03-10-2000 11:30 AM idealab recently paid $1.2 million for the domain name find.com, for a new search engine site they're working on. They bought it from research firm Find/SVP.

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