domains Friend.com purchase has one person declaring it Insane "that is actually f****** insane and I would be furious if i was an investor"

[equity78]

404Media.co covered some big news on Friend.com. The sale of Friend.com for $1,887,843.Friend, an AI companion company announced today, spent $1.8 million out of a total of $2.5 million it raised to start the company on its domain name, friend.com, according to its founder Avi Schiffmann and a screenshot of the transaction shared with 404 Media.The domain name is on a payment plan. That … [Read more...]

 

[Seventy]

The only fit for the word INSANE here is INSANE GOOD.

 

[D Haynes]

Can't comment without knowing the terms of the plan I guess. If it's a 2-3 year plan it's a different story to if it's a 6 month plan.

 

[pb]

Wow, one person on the Internet thinks spending money on a domain is insane. Some news!

 

[Kingslayer]

Great sale, thanks for the info

 

[scithe]

Knowing what I know about domains, spending 75% of your seed money on a domain name might normally be dumb but in this case, they can probably flip the domain name for $10,000,000 if they decide they don't want to build an AI biz any longer. As long as they can make all of the domain payments and remember to pay $10/year to renew the domain name.

I wonder if they are paying interest on the payments? If not, I hope they have an accountant who set them up to keep their money in an interest bearing account while payments get pulled out.