Payoneer
James Iles

Breaking: Jason Calacanis Sells 20.com for $1.75 Million

Views:
4,112
Comments:
42
By James Iles, Apr 15, 2017
  1. James Iles

    James Iles NamePros Writer PRO Trusted Blogger Business Account VIP

    Joined:
    Oct 24, 2009
    Posts:
    1,095
    Likes Received:
    8,232
    Serial entrepreneur and angel investor Jason Calacanis has owned the domain name 20.com since 2006, after buying the domain name on Sedo for $75,000. Since then, Jason has received regular offers for the domain name that have steadily increased through the years. In 2011, offers were around the $400,000 mark and had quintupled by October 2015. In an article we wrote in December 2015, Jason revealed that he regularly received offers in the $2 million to $3 million range.

    Thanks to the continued interest from China, the seven-figure offers have never stopped and today, Jason has completed the sale of 20.com for $1.75 million.

    The story of this sale started on Jason’s Twitter account, where he told his 280,000 followers that he had received a cash offer of $1.75 million for 20.com, adding the comment: “going to take it I think.” Today, that deal closed and the amount has been confirmed to us in an email from Jason as being $1.75 million.

    Although Jason has received higher offers in the past, he told his Twitter followers that the $1.75 million could be put to good use, saying he “feels like that capital would be better deployed in startups.” Aside from owning an incredibly valuable domain name, Jason Calacanis is a successful entrepreneur and investor, having created services such as his current project, Inside.com, which gives email subscribers curated news about an array of subjects, including security, Trump, and virtual reality.

    The sale of 20.com for $1.75 million will rank as DNJournal’s second highest sale of the year behind the $1.82 million sale of 01.com, which was sold by VIP Brokerage earlier this year.

    The buyer of 20.com is currently unknown since the domain name is under privacy protection at GoDaddy.

    Congratulations to Jason (@Jason Calacanis) on the sale. We look forward to seeing which startups you invest in with the proceeds from the sale.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Next Article
    What I Bought This Year and Why
    Previous Article
    Top Topics: How Much is a Single Letter .COM Worth?; I Sold My First Domain for $1,200…
  3. Loading...
  4. James Iles

    About The Author — James Iles

    Writer for NamePros.com, domain name investor and broker. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 364th blog post on NamePros. View all blog posts

    Home Page:
    http://twitter.com/jamesiles
    Actions:
    Follow
  5. Comments (42)

  6. Domainatic

    Domainatic Established Member

    Joined:
    Jun 22, 2016
    Posts:
    213
    Likes Received:
    323
    Perfect price according to the current market!

    Thanks James for the info!
     
  7. Doron Vermaat

    Doron Vermaat --- DNgeek.com --- PRO Efty Staff Business Account VIP

    Joined:
    Nov 2, 2012
    Posts:
    1,396
    Likes Received:
    2,889
    Bad timing imo but great ROI nonetheless. Most of us can only dream about a 7-figure sale!
     
  8. DomainVP

    DomainVP Domain Expert Business Account VIP

    Joined:
    Jun 24, 2013
    Posts:
    2,917
    Likes Received:
    10,363
    Might not have been the best time to sell, but I was following this on Twitter and it looks like the difference between $1.75 million now or $5 million later didn't matter very much.
     
  9. wwwweb

    wwwweb Top Member VIP

    Joined:
    Sep 24, 2009
    Posts:
    5,397
    Likes Received:
    2,419
    He was on here during the chip craze looking for brokers. I could see $2.5M during dec 2015, he could have got almost double during the peak, not sure what he was holding on for $5M?
     
  10. BrandClub.com

    BrandClub.com "Unique Names For Unique Ideas" VIP

    Joined:
    Oct 20, 2015
    Posts:
    2,351
    Likes Received:
    386
    So after receiving regular offers in the $2 million to $3 million range, he sold for $1.75 million ???
    Great strategy! (n)
     
  11. satyadeep singh

    satyadeep singh Established Member

    Joined:
    Jul 1, 2014
    Posts:
    146
    Likes Received:
    70
  12. James Iles

    James Iles NamePros Writer PRO Trusted Blogger Business Account VIP

    Joined:
    Oct 24, 2009
    Posts:
    1,095
    Likes Received:
    8,232
    He's not a domainer - he bought the name in 2006 for $75k and has cashed out for $1.75m. I'd say that is a pretty good ROI by anyone's standards.

    The money is far more useful to him as capital that he can use as funding for companies.
     
  13. 1Darko

    1Darko Established Member

    Joined:
    Feb 23, 2017
    Posts:
    699
    Likes Received:
    2,049
    Thanks for sharing! Congrats to Jason! Congrats to the buyer who got a very good deal!
     
  14. equity78

    equity78 Top Member PRO TLDInvestors.com TheDomains Staff Business Account VIP ★★★★★★★★★★

    Joined:
    Oct 18, 2004
    Posts:
    10,936
    Likes Received:
    6,003
    Valid point but I think he was first fueled by greed, he had $3million and probably wanted $5million. If you are not a domainer even more reason to have taken the $3million in my opinion.

    But Jason is doing fine and I wish him continued success.
     
  15. James Iles

    James Iles NamePros Writer PRO Trusted Blogger Business Account VIP

    Joined:
    Oct 24, 2009
    Posts:
    1,095
    Likes Received:
    8,232
    True. I guess that when you start receiving regular offers for $1m then $1.5m then $2m, it's natural to hold out for a little more.

    I still think that given his track record, he'll turn that $1.75m into something far bigger so that extra $1.25m won't matter so much in the long run.
     
  16. equity78

    equity78 Top Member PRO TLDInvestors.com TheDomains Staff Business Account VIP ★★★★★★★★★★

    Joined:
    Oct 18, 2004
    Posts:
    10,936
    Likes Received:
    6,003
    Agreed this would be a bigger misstep for a domainer who was selling their prize domain and had no other businesses.
     
  17. ben pedri

    ben pedri Active Member VIP

    Joined:
    Dec 6, 2015
    Posts:
    1,767
    Likes Received:
    899
    I guess he can more with 1.75 million up front than 2.5million over 5 -10 years or some company stock that's gonna probably go up ,down or stay the same , CASH MEANS -NOW
     
  18. wot

    wot Top Member VIP ★★★★★★★★★★

    Joined:
    Apr 11, 2003
    Posts:
    7,414
    Likes Received:
    1,757
    Awesome, spend the proceeds unwisely, I would, but then at 3 score & 10 we will have different objectives! :xf.smile:
     
  19. wwwweb

    wwwweb Top Member VIP

    Joined:
    Sep 24, 2009
    Posts:
    5,397
    Likes Received:
    2,419
    He may not be a domainer but he came on namepros and was offering a bounty to anyone who got him an offer on the table that he liked. I would certainly say there are not many people who own a few category killer domains that come on namepros and put a bounty on their domain.

    He obviously had the foresight to do his homework, and he consulted with domainers, and I would be sure he reached out to top industry brokers.

    It was a crazy time, and not too many people wanted the party to end, but when you start getting into the millions, and getting offers, and getting someone who actually funds the offer without games are two different stories.

    Regardless $75k to the end result is simply amazing.
     
  20. KINGOF.TOP

    KINGOF.TOP .top - What else? Just .top it! Business Account VIP

    Joined:
    Jun 23, 2015
    Posts:
    4,361
    Likes Received:
    7,957
  21. BrandClub.com

    BrandClub.com "Unique Names For Unique Ideas" VIP

    Joined:
    Oct 20, 2015
    Posts:
    2,351
    Likes Received:
    386
    You didn´t got the point of my comment, my friend ... :glasses:
     
  22. Al Cohol

    Al Cohol Established Member

    Joined:
    Aug 12, 2010
    Posts:
    140
    Likes Received:
    202
    Didn't take long for the armchair domainers to step in and criticize this sale.

    Before you criticize the "timing" or "price" of the sale, remember that you will likely never own a domain even close to the caliber of 20.com and also never even sniff a 7 figure sale of any kind.

    Congrats Jason on your awesome investment!
     
  23. asset.domains

    asset.domains Established Member

    Joined:
    Dec 7, 2014
    Posts:
    364
    Likes Received:
    114
    congrats ! nice name and perfect timing, don't listen to anyone
     
  24. Sheogorath

    Sheogorath Active Member VIP

    Joined:
    Nov 10, 2013
    Posts:
    756
    Likes Received:
    1,375
    Awesome sale :)
    congratulations @jason calacanis !

    It is easy to criticize other people negotiation strategy but much harder to reject 7 figures offers for a domain on daily/weekly basis.
    A much higher offer could have been presented theoretically but nothing is guaranteed.
    $75k to $1.75m is a great ROI.
    99.999% of domainers will never complete 6 or 7 figures domain sale.
     
  25. KingslayerVR

    KingslayerVR Active Member VIP

    Joined:
    Oct 29, 2015
    Posts:
    1,085
    Likes Received:
    2,815
    Fantastic domain, fantastic sale.
     
    Last edited: Apr 15, 2017
  26. domainluvr

    domainluvr Established Member

    Joined:
    Apr 1, 2017
    Posts:
    39
    Likes Received:
    80
    omg............m jst hoping all serius domainers mst have atleat one such sale every year.................am i expecting more??????????????
     
  27. Eric Lyon

    Eric Lyon Community Admin, NamePros Administrator PRO Business Account VIP Trusted Contest Holder

    Joined:
    Aug 16, 2009
    Posts:
    17,765
    Likes Received:
    10,765
    Let's all keep in mind that those higher offers were at a time when the market was on a consistent uptrend and offers could have reached $5 million at the rate they were increasing. If we all knew when the market would stop going up, then we all would have made a fortune (Some did). It's the same in the stock market. All is clear in hindsight. ;)
     
  28. TERADOMAIN

    TERADOMAIN Business Member Business Account VIP

    Joined:
    Dec 13, 2010
    Posts:
    2,622
    Likes Received:
    3,565
    Good sale. Great RoI.
     
  29. -EM-

    -EM- Top Member VIP ★★★★★★★★★★

    Joined:
    Oct 29, 2006
    Posts:
    2,947
    Likes Received:
    1,327
Loading...