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Reza Sardeha, founder of Dan.com, is no longer its CEO; assumes new position at GoDaddy.
Confirmed directly, more here.
Confirmed directly, more here.
Only 71.4 mil acq price
Sold undervalue
Was thinking at least 100 mil
Anyway this it is
Hope now Epik , Dynadot , Namecheap will grow as marketplaces or maybe a new one
This is naive thinking. $74MM is generous and GD had to put probably lots of strategic and other considerations to justify.
I won't be surprised if DAN is still making loss or in loss to $1-2MM profit territory.
DAN only nets around 6% after credit card fees. Minus office, staff, servers, development etc., probably not much is left.
When you compare 9% to 20%, it seems like they are making "only" around twice as little as Afternic, e.g. per sale. In reallity, though it is 6% vs 17% and that is 1/3 of the revenue post transaction fees.
Also, consider that Afternic makes lots of partner sales just for aggregating and serving and gets around 10% (minus 3% transaction) for those. While, Dan pretty much makes sales only if someone points NS to them. So, Afternic has around 20 million names from which it makes 10% to 20% (7% to 17% after) on a sale, while Dan really has only just 2-4 mln domains pointed to them (estimate) from which they make 9% (6% after) in case of a sale.
They might make more sales if they removed the Trustpilot banner at the top right hand corner (as others have frequently mentioned).
The negative reviews on there seem to be drawing people's attention and this potentially affects buying decisions.Curious why removing this might help?
They were indeed VERY generous.This is naive thinking. $74MM is generous and GD had to put probably lots of strategic and other considerations to justify.
I won't be surprised if DAN is still making loss or in loss to $1-2MM profit territory.
DAN only nets around 6% after credit card fees. Minus office, staff, servers, development etc., probably not much is left.
When you compare 9% to 20%, it seems like they are making "only" around twice as little as Afternic, e.g. per sale. In reallity, though it is 6% vs 17% and that is 1/3 of the revenue post transaction fees.
Also, consider that Afternic makes lots of partner sales just for aggregating and serving and gets around 10% (minus 3% transaction) for those. While, Dan pretty much makes sales only if someone points NS to them. So, Afternic has around 20 million names from which it makes 10% to 20% (7% to 17% after) on a sale, while Dan really has only just 2-4 mln domains pointed to them (estimate) from which they make 9% (6% after) in case of a sale.
It says 4.7 of 5.0 for a lot of people anything below a 5.0 is not good. Now that they have GoDaddy as part of their page, the trust pilot can only hurt and it probably killed a ton of potential sales, people don't even go further. Even worse, some reviews are really bad and as far as I saw, all from complete idiots.Curious why removing this might help?
Yep, while there are many things to like about Dan the lack of a telephone number must've been a hindrance to more sales as some companies just like to speak with someone first.It says 4.7 of 5.0 for a lot of people anything below a 5.0 is not good. Now that they have GoDaddy as part of their page, the trust pilot can only hurt and it probably killed a ton of potential sales, people don't even go further. Even worse, some reviews are really bad and as far as I saw, all from complete idiots.
If Dan wants more sales they need to remove it, replace it with godaddys / afternics number, and immediately they will see a huge spike in sales.
I think that with afternics number comes higher commissions so they should let domainers decide if there should be the number or not. If the sale is by phone the commission must be higher, they are not your typical domainers that likes losing money.
Not surprising as he's a consultant to GoDaddy and would prob have signed a non-compete clause as part of the deal.Update: Reza is now working on his next entrepreneurial project and it's not about domains.
Only 71.4 mil acq price
Sold undervalue
Was thinking at least 100 mil
Anyway this it is
Hope now Epik , Dynadot , Namecheap will grow as marketplaces or maybe a new one