1.7m invested in start ups now will produce a better ROI than waiting for a 5m offer later Cash in the bank is the worst investment
That would make a very nice retirement fund for most mere mortals. I wonder if the average startup investment return is anywhere near 2,300%.
Amazing...I still remember when a domainer (now he prefers to be called 'domain investor') suggested I buy up some number/digit domains...I said "Why? That makes no sense...better to stick with words like 'socks' or the like". If my legs were long enough, I would kick myself in the arse everyday for the rest of my life...as was said earlier...hindsight is 20/20.
"Domains have and will continue to go up in value faster than any other commodity ever known to man” but along the way there will be highs and lows, as with everything in life.
Investing eg $100k per start up in 17 new tech start ups may produce signicant returns because it only needs to buy 17 x 20% of each start invested in One of those investments may just be the next Facebook or big G or snap chat or Deliveroo or Uber etc
Could have sold for more...could have sold for less too! He made 1.5 million profit on a domain name, that's pretty fantastic regardless of any theoretical potential to squeeze a drop more! Nice sale.
I will like to understand What made the domain to sell for that amount? Is it because it is a two word domain 20.com Or it has last long for up to six years Please someone explain to me. Thanks.
congrats to him and to all of us, we all need strong sales to get the attention of domain buyers. I hope domains join the rest of the assets out there (crypto, stocks, real estate, watches, antiques..) and we start seeing a crazy spike in sales prices. By the way twenty.com is for sale, it sold in 04 for 6600 (not my name)
