NameSilo
  1. → We are performing a scheduled upgrade. The site may be intermittently unavailable. ←

Initial offer on Voice.com was $150,000 - Seller would not get on phone til $22million offer

Labeled as domains in Domain Industry News, started by equity78, Sep 17, 2020

Replies:
32
Views:
4,102

  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    15,548
    Likes Received:
    19,836
    Michael J. Saylor is the CEO of MicroStrategy the company that sold Voice.com for $30 million last year. how the negotiations went. They apparently started at $150,000 and Saylor would not get on the phone with the buyer until the offer hit $22 million. […]

    Continue Reading
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com Gold Account

    Posts:
    9,101
    Likes Received:
    9,918
    gotta admire the huge pair on the seller. I doubt anyone here could hold out that long for that much.
     
    Last edited by a moderator: Sep 18, 2020
  3. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    15,548
    Likes Received:
    19,836
    Well he did say
    I have 500 million dollars of cash in the bank, and I love my things, you know, maybe you can tell that I’m a little bit passionate about some of this stuff.

    So I would rather own it and not have the 10 million then sell it for that so I said no,”
     
  4. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com Gold Account

    Posts:
    9,101
    Likes Received:
    9,918

    hahaha nice! the version of that for us in the "cheap seats" would be.

    "I have $6 dollars and 10 cents CASH in my bank. Plus $2.50 in my pocket and a ball of lint. I love my thangs, you know, maybe you can tell by my mullet and bucket of bait that I'm passionate. umm what we talkin bout agin?"

    "So I would rather be an idiot and own it and stick it to the man then sell it for 10 million so I said...wait...did you say $10 million dollas? SOLD!" :xf.grin::ROFL::ROFL::xf.wink:
     
    Last edited: Sep 17, 2020
  5. pb

    pb Established Member ★★★★★★★★★★

    Posts:
    691
    Likes Received:
    1,717
    Yeah, #1 rule of selling very high is to afford rejecting high offers.
     
  6. Zanok

    Zanok Top Contributor VIP Gold Account

    Posts:
    1,187
    Likes Received:
    370
    Legend says this domain would have received XXXX offers by low-ballers from Domain Buyer Requests section here on NamePros... :banghead:

    "bro im a reseller pls" :xf.rolleyes:
     
    Last edited: Sep 17, 2020
  7. lambo.com

    lambo.com dnas.com VIP Gold Account

    Posts:
    1,554
    Likes Received:
    2,933
  8. Mahogany

    Mahogany Top Contributor VIP

    Posts:
    2,627
    Likes Received:
    1,047
    Good read but wished it was longer.

    It made me think of a movie that escapes me at the moment that had John Goodman in it. He told the main character the key to life was "Operating from a place of F.U." Once you have money you can approach every deal from the place of F.U., I'm rich already.
     
  9. Samer

    Samer Top Contributor VIP

    Posts:
    6,283
    Likes Received:
    11,510
    Voices.com sold for $5,000 in 2015 😜
     
    Last edited: Sep 17, 2020
  10. Rory Ivey

    Rory Ivey Top Contributor VIP

    Posts:
    3,207
    Likes Received:
    4,402
    That is why you can't take 100% advice from big names in the domain industry.
    because they have deep pockets and can hold out for the rest of their life if they wanted to on any deal...with no effect on their lifestyle.

    I think it's about starting small and just working your way up to where you have capital and not desperate to sell. Then negotiations can change dramatically.
     
  11. Rory Ivey

    Rory Ivey Top Contributor VIP

    Posts:
    3,207
    Likes Received:
    4,402
    I agree with the seller. I have some names i plan to develop and I just put a high price. Not to overprice.. But simple because i plan to keep the name and I would only sell if someone s crazy enough to offer that price or close to it. Otherwise, no loss for me. It stays in my plans.
     
  12. Haroon Basha

    Haroon Basha IZUQ.COM VIP Gold Account

    Posts:
    3,350
    Likes Received:
    4,751
    US$ 30,000,000.00. Kudos to the Seller for his tough determination. Money make man very strong indeed. When he had 500 million USD in the bank, that itself is a big power to say no to 10, 20 million offers.
     
  13. Samer

    Samer Top Contributor VIP

    Posts:
    6,283
    Likes Received:
    11,510
    Last edited: Sep 17, 2020
  14. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com Gold Account

    Posts:
    9,101
    Likes Received:
    9,918
    There was definitely nothing "Micro" about his "Strategy" :xf.wink:

    I wonder if I could hold out for $8,888,888 for Primorsky.com ?:xf.grin:
     
  15. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

    Posts:
    15,548
    Likes Received:
    19,836
    Well I know what you mean, it's not so much about taking advice. But understanding why domaining can be so different and is a unique journey. I would not have turned down $10 million, because I don't have $500 million in the bank.
     
  16. DigitalRoar

    DigitalRoar Investor & Creator VIP

    Posts:
    949
    Likes Received:
    897
    At least the domain is put to good use, already claimed a one-word username on it :P
     
  17. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

    Posts:
    2,890
    Likes Received:
    2,754

    I'm not sure tbh. So there's that funny business with the ICO.

    But I still count this sail as legit, price-wise. Maybe it was a fake sail or smth, but you know... It's a one-word dictionary that's a really good word... Voice!

    I'd say that's right up there in the league of Sports.com.
     
  18. platey

    platey Top Contributor VIP

    Posts:
    2,266
    Likes Received:
    2,845
    The podcast waa one of the best interviews ive heard

    He understands

    Business

    Bitcoin

    And is a domain mame investor and understands digital assets

    Very intetesting listening to his reasoning behind his decisions and negotiating etc eg saying no etc

    There is a phrase

    You dont start earning money until you start saying no

    Although i would tweak thatsaying slightly to

    You dont start making money until you can afford to say no

    And by the seller continuing to say no when he eventually said no he made a fortune but already had a fortune (money makes money and all that)

    But the seller makes a very good point in that he enjoys owning the domains he owns and has enough money not to need to sell which means anyone that wants to own any of his super premium domains is going to need to really want to own one of his domains and will need to pay many millions to buy it and even then the answer from the seller will still probsbly be er no lol

    But credit to pomp the interviewer for allowing the interviewee the time to talk and go off on tanget in to different areas etc without trying to bring the conversation back to the original topic etc bit just allowing the seller to talk

    If a person had to pay to listen to that advice it would be very very expensive but pomps podcast allowed us to gain that insight for free

    Thanks to op for this thread
     
  19. Ostrados

    Ostrados EpicName.com VIP

    Posts:
    4,709
    Likes Received:
    1,948
    That's explain it! value is relative
    $10 million offer for him is like $100 offer for someone with $5k cash in the bank! or $1000 for someone with $50k cash.
     
  20. Mytz.com

    Mytz.com Top 4L [email protected] IEIE.com CUTU.com NESU.com KKIK.com VIP Gold Account

    Posts:
    5,790
    Likes Received:
    718
  21. Jona4s

    Jona4s Established Member

    Posts:
    79
    Likes Received:
    53
    HAHAHA, well I own voiceJ.com and my website will be a million times more popular than voice.com :-P
     
  22. Samer

    Samer Top Contributor VIP

    Posts:
    6,283
    Likes Received:
    11,510
    Sure it will; only theirs is an actual product;
    and yours is a sales lander.
     
  23. Jona4s

    Jona4s Established Member

    Posts:
    79
    Likes Received:
    53
    Thats why I said "will be" and not "is"
     
  24. AEProgram

    AEProgram Top Contributor VIP Blue Account

    Posts:
    1,409
    Likes Received:
    2,195
    XXXX offers? You ever tried selling a name here? Go.com wouldn't get XXXX offers here unless its approved on SH for 5 million and it expires in 2050, then you'll get a 25 dollar offer paid in installments.
     
  25. eurorealtor

    eurorealtor okre.com VIP

    Posts:
    1,886
    Likes Received:
    1,832
    Some Domainers would accept the $150k offer and ran like hell.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
biix
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...