GoDaddy has bought Uniregistry, the best sales infrastructure for domain names, along with their portfolio of 350.000 domain names.
How much did GoDaddy pay?
Here's what we know.
Source
1st hint - This was 2004.
"But Schilling's single minded pursuit paid off. Within a couple of years he had bagged over a quarter of a million domains and revenues for his company, Name Administration, cracked the 8 figure mark annually. Bigger fish were starting to take notice. Marchex, the first public company to buy a major domain portfolio (Yun Ye’s $164 million collection) wanted Schilling’s list too and made an offer of over $100 million to buy it. Schilling was inclined to accept but Mother Nature intervened to upset that apple cart."
2nd hint.
" In a further irony, the missed opportunity proved to be a blessing in disguise as Schilling’s portfolio has soared even higher in value and if sold today would command considerably more than the 2004 offer. “I have been approached about selling my business five times over the past four years,” Schilling told us. “Each offer was extensive and written, three of them were accompanied by deposits and all were nine-figure deals of ever increasing magnitude. I seriously worked with each suitor. Things just never worked out for one reason or another and I take that as a sign of sorts. I suspect I will sell my business one day but I am reasonably certain I will never leave the name business entirely, nor would I want to. This is too good a space,” Schilling declared. "
3rd hint - Quote from Rick Schwartz, saying Mr Schilling has the #1 portfolio in the world.
" Frank is a legend for a number of reasons," Schwartz said. "First because he is the nicest guy you would ever want to meet. He is like the Jack Kennedy of domains. Second, he came fairly late to the game but never whined that he got in too late. He just put his nose to the grindstone and put together the #1 domain portfolio in the world nearly overnight. His portfolio has a low value of about $500 million and a real value likely over $1 billion…and third, did I mention that Frank is one of the nicest guys you will ever want to meet?! I see him as the #1 ambassador for our industry, "
Based on that, it's clear GD paid a lot.
A whole lot.
While reflecting on the twists and turns he has experienced in his life, Schilling said “I wake up every day feeling so grateful for the life I have. Reading my history you can see how I could have just as easily settled into a life of invisibility and gone from struggle to struggle with nobody ever knowing or caring about it. I have no formal education, no marketable skills and I don’t focus well. Yet I’ve still thrived and have made more money than everyone in my family tree before me combined. Why did this happen to me? All I can do is be eternally grateful and give back wherever I can,” Schilling concluded.
Congratulations to Mr. Frank Schilling, greatest domain investor of all times.
Title earned.
How much did GoDaddy pay?
Here's what we know.
Source
1st hint - This was 2004.
"But Schilling's single minded pursuit paid off. Within a couple of years he had bagged over a quarter of a million domains and revenues for his company, Name Administration, cracked the 8 figure mark annually. Bigger fish were starting to take notice. Marchex, the first public company to buy a major domain portfolio (Yun Ye’s $164 million collection) wanted Schilling’s list too and made an offer of over $100 million to buy it. Schilling was inclined to accept but Mother Nature intervened to upset that apple cart."
2nd hint.
" In a further irony, the missed opportunity proved to be a blessing in disguise as Schilling’s portfolio has soared even higher in value and if sold today would command considerably more than the 2004 offer. “I have been approached about selling my business five times over the past four years,” Schilling told us. “Each offer was extensive and written, three of them were accompanied by deposits and all were nine-figure deals of ever increasing magnitude. I seriously worked with each suitor. Things just never worked out for one reason or another and I take that as a sign of sorts. I suspect I will sell my business one day but I am reasonably certain I will never leave the name business entirely, nor would I want to. This is too good a space,” Schilling declared. "
3rd hint - Quote from Rick Schwartz, saying Mr Schilling has the #1 portfolio in the world.
" Frank is a legend for a number of reasons," Schwartz said. "First because he is the nicest guy you would ever want to meet. He is like the Jack Kennedy of domains. Second, he came fairly late to the game but never whined that he got in too late. He just put his nose to the grindstone and put together the #1 domain portfolio in the world nearly overnight. His portfolio has a low value of about $500 million and a real value likely over $1 billion…and third, did I mention that Frank is one of the nicest guys you will ever want to meet?! I see him as the #1 ambassador for our industry, "
Based on that, it's clear GD paid a lot.
A whole lot.
While reflecting on the twists and turns he has experienced in his life, Schilling said “I wake up every day feeling so grateful for the life I have. Reading my history you can see how I could have just as easily settled into a life of invisibility and gone from struggle to struggle with nobody ever knowing or caring about it. I have no formal education, no marketable skills and I don’t focus well. Yet I’ve still thrived and have made more money than everyone in my family tree before me combined. Why did this happen to me? All I can do is be eternally grateful and give back wherever I can,” Schilling concluded.
Congratulations to Mr. Frank Schilling, greatest domain investor of all times.
Title earned.
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