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Dave Evanson Sells Angel.com for $2 million

Labeled as information in Domain Industry News, started by James Iles, Apr 15, 2021

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  1. Last edited: Apr 15, 2021
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  2. Kingslayer

    Kingslayer Top Contributor VIP

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  3. jhm

    jhm Glazed

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    It was sold for $2M, but in 2013 acquired for $110M. My math was never the best, but that sounds like a $108M loss
     
  4. Lox

    Lox _____ VIP Gold Account

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  5. platey

    platey Top Contributor VIP

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    .studio

    is a gtld

    allegedly
     
  6. xcloud123

    xcloud123 Restricted (Chatroom)

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    is such a great name!
    Angel.com worth it!
    I just purchased HiAngel.com
    cheer!
     
  7. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    From this thread's opening post:
    "... Genesys acquired the Angel.com domain and associated business from MicroStrategy ..."

    From the article:
    "... MicroStrategy sold Genesys the Angel business, along with the domain, for $110 million."

    So, according to what I've read, what actually happened at the time was a sale / acqusition of a running business while the domain name itself was only a part of it (in other words, the domain name itself (alone) was never sold / acquired for $110 million).
     
    Last edited: Apr 16, 2021
  8. Grilled

    Grilled xn--n48h.to VIP

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    https://www.yahoo.com/now/2013-02-26-news-microstrategy-selling-angelcom-for-110-millio.html

    FWIW, the sale included more than just the domain.

    And seeing how the previous seller was MicroStrategy, I appreciate James noting this 5L.com of (Angel.com) via Sedo by Genesys fell below the 2019 mark of MicroStrategy's $30 million 5L sale of (Voice.com)

    On a separate, maybe similar note, MicroStrategy has had about a 6X jump since last April.

    upload_2021-4-15_16-47-8.png

    ...

    and Genesys has seen about a 3X jump in the last April./

    upload_2021-4-15_16-50-35.png

    ///

    Not sure if these stock multitudes were related to Crypto or the pandemic, or maybe a little of both, or nothing at all. Just noting that both of the previous historical Angel.com domain owner(s) respective stocks are seeing some impressive growth.
     
    Last edited: Apr 16, 2021
  9. DanSanchez

    DanSanchez 48hr.com Bitcoin powered auctions Epik.com Staff VIP ★★★★★★★★★★

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    Sedo is a chronic underseller, they did the same with Kush .com - It's a shame because these sort of prime assets should be valued in the hundreds of millions. Especially with 35% inflation of the money supply in 2020, a dollar in 2021 is worth considerably less in purchasing power.

    Denominated in BTC, this amounts to 31BTC.

    I can see Michael Saylor paying 100BTC for it, considering his cost basis is still under $29,000 per coin. That was the logical buyer for the name.
     
  10. Keith

    Keith Top Contributor VIP ★★★★★★★★★★

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    Sedo has nothing to do with the sale other than to act as a facilitator. So when you say the domain was undersold, that’s on the owner, not the platform that securely handled the transaction.
     
  11. DanSanchez

    DanSanchez 48hr.com Bitcoin powered auctions Epik.com Staff VIP ★★★★★★★★★★

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    Not really. Brokers are supposed to get as much value as possible. They are the gatekeepers to explaining why something is of extreme value and importance. The owners barely got 1% of their original purchase price. Adjusted for inflation, it's a drop in the bucket for them.
     
  12. Grilled

    Grilled xn--n48h.to VIP

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    Well you know what they say... 31 BTC in the hand is better than 1 domain in the vault.

    note: It shall be interesting to see how this thread will age in 10 years. eg:

    2021: 31BTC v Angel.com
     
    Last edited: Apr 16, 2021
  13. Grilled

    Grilled xn--n48h.to VIP

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  14. griff

    griff Top Contributor VIP

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    how common is the extra 10% charge for privacy in such deals?

     
  15. domseocrew

    domseocrew New Member

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  16. jim h

    jim h Top Contributor VIP Gold Account

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  17. That 10% figure is inaccurate, it's a 2.5% fee (source)
     
  18. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    Angel.com definitely worth more than 2 million.... So much can be done with that name. Big score for the buyer.
     
    Last edited: Apr 16, 2021
  19. Lox

    Lox _____ VIP Gold Account

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    Seller didn’t want to pay , so buyer has to cover the cost. 5% + tax etc = almost 10%
     
  20. lambo.com

    lambo.com ATRI.COM VIP

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    Ultimately, I like your thesis as par for the course
     
  21. Keith

    Keith Top Contributor VIP ★★★★★★★★★★

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    Who makes the ultimate decision to sell a domain? The owner.

    I’ve had many offers presented by brokers for my domains. Sometimes I sell, sometimes I don’t. End of the day it’s my decision though.

    Moral of the story, if a domain owner chooses to sell their property, the sales price was accepted by them, not a 3rd party brokerage service.
     
  22. DanSanchez

    DanSanchez 48hr.com Bitcoin powered auctions Epik.com Staff VIP ★★★★★★★★★★

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    You're right entirely, however, I can assume Microsoft didn't need immediate liquidity. I can also assume the buyer was liquidating BTC to pay for the domain at the height of it's price rise. Combined with the two, I would have taken that offer and done everything in my power to reach Michael Saylor directly to inform him of the impending sale. He describes his negotiating style in one interview and I would have reminded him that his original $500m purchase of Bitcoin was partially thanks to selling Angel.com - Why not invest in the most tangible digital asset that brought you wealth for pennies on the dollar? That's just my line of thinking, I can't confirm Sedo didn't try that, but provided the listing was about a month old, barely anyone knew the domain was on the market.
     
  23. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    I think the point being made is that it's part of the broker's task to inform the seller of the proper value of the domain . Like a lawyer who looks out for the best interest of his client. But if the seller wanted to sell and not wait for a better offer.. then that's the seller choice.. we don't really know the behind the scenes details but 2 mill. seems low for that name.
     
    Last edited: Apr 16, 2021
  24. Kingslayer

    Kingslayer Top Contributor VIP

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    Yeah but you have a contract, this is pre-agreed beforehand, so owner might have agreed with Sedo minimum they’d take is $1 million, brokers will try and get more than your reserve but if Sedo finds a buyer at $1 million, I don’t think they can turn around and say no if you've pre-agreed this in a signed contract.

    Also people are looking too much what previous owner paid before, that is irrelevant really. The domain sold for $2 million and that is fantastic and shows the power and value of single word .com domains.

    I don’t believe Sedo was brokering it that long either, 2 weeks by the looks of it:-

    www.twitter.com/SedoDaveEvanson/status/1376867262364258310

    And the domain is already reported as sold (money paid, transferred and everything) so may well have sold within a day.
     
    Last edited: Apr 16, 2021

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