mAd MaX
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How long does it take in general for High Value Domains from negotiation to completion of the deal?
Thanks
MaX
Thanks
MaX
For price tag in millions, say $5M+ or more?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?
$1.5MSumo.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.
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.Elon Musk reported that the $11M acquisition of Tesla required more than a decade.
I am certainly not trying to discrediting anyone.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.
This^^because every situation will be different.
Very structured answer in details.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
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.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.
The answer is - from weeks to months to years...maybe even 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.
*Uzi
For price tag in millions, say $5M+ or more?