information HIGH Value Domain

mAd MaX · Apr 2, 2019

How long does it take in general for High Value Domains from negotiation to completion of the deal?

Thanks
MaX

gilescoley · Apr 2, 2019

It really depends on the buyer. I find bigger companies can be be a lot quicker when it comes to buying names, they have the money to spend so they don't play hard ball and wait weeks hoping you will drop the price.

Then there is the wait while Escrow does their bit as well.

mAd MaX · Apr 2, 2019

gilescoley said:
It really depends on the buyer. I find bigger companies can be be a lot quicker when it comes to buying names, they have the money to spend so they don't play hard ball and wait weeks hoping you will drop the price.

Then there is the wait while Escrow does their bit as well.

For price tag in millions, say $5M+ or more?

VaibhavA · Apr 2, 2019

mAd MaX said:
For price tag in millions, say $5M+ or more?

Sumo.com was a 5M sale and if I remember correctly from an interview on DomainSherpa, the negotiation took almost 5 years. Its just an example. I dont think every domain will take that long and maybe take longer.

mAd MaX · Apr 2, 2019

VaibhavA said:
Sumo.com was a 5M sale and if I remember correctly from an interview on DomainSherpa, the negotiation took almost 5 years. Its just an example. I dont think every domain will take that long and maybe take longer.

$1.5M

Bob Hawkes · Apr 2, 2019

Elon Musk reported that the $11M acquisition of Tesla required more than a decade.

mAd MaX · Apr 2, 2019

Bob Hawkes said:
Elon Musk reported that the $11M acquisition of Tesla required more than a decade.

Yes, but that was a case of inactive seller I guess like Uri Nissan of Nissan.com. $11M ain't a big deal for company like Tesla, the seller wasn't selling to increase the price imo rather felt greater attachment to the domain like Uri Nissan and finally decided to part away with Tesla.com for some reason or another I think.

My question was when the seller is active and the buyer is capable enough, how long does it take, generally?

EbookLover · Apr 2, 2019

You keep adding bottlenecks to your question. Someone answers your original question, then you find a reason to discredit the answer.

But it doesn't matter anyway because every situation will be different. If you were to waste time gathering such data about all the $M sales, you will still find yourself short of the answer you seem to be looking for. You likely will never find all the data for all the sales you need to come up with an answer anyway.

The answer is - from weeks to months to years...maybe even a decade.

mAd MaX · Apr 2, 2019

EbookLover said:
You keep adding bottlenecks to your question. Someone answers your original question, then you find a reason to discredit the answer.

But it doesn't matter anyway because every situation will be different. If you were to waste time gathering such data about all the $M sales, you will still find yourself short of the answer you seem to be looking for. You likely will never find all the data for all the sales you need to come up with an answer anyway.

The answer is - from weeks to months to years...maybe even a decade.

I am certainly not trying to discrediting anyone.

I might not be able to frame my question properly.

EbookLover · Apr 2, 2019

Discredit was the wrong word maybe. But still, there is no cut and dried answer.

Bob Hawkes · Apr 2, 2019

EbookLover said:
because every situation will be different.

This^^

I think really this is a question that even for those with direct experience it may well not apply at all to another situation. As I see it the speed will depend on the following...

The negotiation skills of buyer and seller.
The financial viability of the buyer.
Whether there is a need to use immediately the domain, or if it is for a future plan or defensive.
Whether brokers are involved.
Whether the parties have done previous deals of this magnitude.
The governance structure of the buyer - e.g. does a board need to approve the purchase.
Whether legal counsel needs to be involved to feel sure about TM or other potential issues.
How eager the buyer is for the name.
How much the seller needs money fast.
Etc

frank-germany · Apr 2, 2019

the answer: is 1 year

here we go

mAd MaX · Apr 2, 2019

Bob Hawkes said:
This^^

I think really this is a question that even for those with direct experience it may well not apply at all to another situation. As I see it the speed will depend on the following...

The negotiation skills of buyer and seller.

The financial viability of the buyer.

Whether there is a need to use immediately the domain, or if it is for a future plan or defensive.

Whether brokers are involved.

Whether the parties have done previous deals of this magnitude.

The governance structure of the buyer - e.g. does a board need to approve the purchase.

Whether legal counsel needs to be involved to feel sure about TM or other potential issues.

How eager the buyer is for the name.

How much the seller needs money fast.

Etc

Very structured answer in details.

dande · Apr 2, 2019

VaibhavA said:
Sumo.com was a 5M sale and if I remember correctly from an interview on DomainSherpa, the negotiation took almost 5 years. Its just an example. I dont think every domain will take that long and maybe take longer.

Sumo.com took 2 years I think, not 5 years. The reason it took that long was that the owner refused to sell, was not interested in selling the name at first. So, it took a lot of convincing, including travel from USA to India.

That can not be mentioned as an example of how long it take to close high priced domain.

dande · Apr 2, 2019

EbookLover said:
The answer is - from weeks to months to years...maybe even a decade.

That's just the answer... no two ways about it

bmugford · Apr 2, 2019

16 days. 7 hours. 21 minutes. 6 seconds.

Brad

DomainRecap · Apr 2, 2019

mAd MaX said:
Yes, but that was a case of inactive seller I guess like Uri Nissan of Nissan.com. $11M ain't a big deal for company like Tesla, the seller wasn't selling to increase the price imo rather felt greater attachment to the domain like Uri Nissan and finally decided to part away with Tesla.com for some reason or another I think.

Ummm, did Elon engage in a decade-long series of spurious, aggressive, and highly-punitive legal suits expressly designed to bankrupt the original owner of Tesla.com, like Nissan did to Uzi?

If not, then the two cases have absolutely nothing in common.

EbookLover · Apr 2, 2019

DomainRecap · Apr 2, 2019

EbookLover said:
*Uzi

That's what I thought, but I just copied and pasted the OP thinking it was me that was mistaken.

EbookLover · Apr 2, 2019

I know, I'm correcting both of you

Jv1999 · Apr 3, 2019

Or u could see it taking years. People camf even buy commercial properties that fast...

Domains in the millions aren't a simple purchase. It's probably like buying a commercial area..

They probably won't do it via undeveloped or afternic.

They'll want to meet the seller in person.

They'll probably want proof of ownership and so much more...

All these flights and business meetings... and going back and forth between CEO and board meetings...

Takes a year or more. No one's dropping millions in a few days. Otherwise they wouldn't ever have made those millions.

gilescoley · Apr 4, 2019

mAd MaX said:
For price tag in millions, say $5M+ or more?

There is no answer to this, it really depends on the buyer and how motivated they are to complete the deal. Some can take a couple of weeks but it can take years if the buyer and seller cant agree on a price. Once the price is agreed on, then the process is usually pretty quick. Every case is different.

wwwweb · Apr 4, 2019

Sometimes price is agreed on quickly, the the actual work begins, and you hear about the layers of paperwork that might need to be done, CEO is on vacation, and has to sign off blah blah blah, like everyone said above every scenario is different, you have asked a question that has no answer. It is absurd to even try to answer it.

It is kind of like asking us to valuate a domain that is not named, just knowing it is valuable.

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