Is there a person out there that bought a ton of domains years ago?

[kiplarson]

I'm just curious if there was one main guy or gal that thought it would be a bright idea to start buying random domain names (like way back when they were first available to register).

Just wondering if there are any cool stories out there I might not have heard.

 

[gazzip]

Hi - I think Rick Schwartz was one of the earlier investors with some massive sales. Started out in the domain business with a total investment of $1,800 and wound up earning $20 million over the next 8 year !!!

Now that takes some beating

Article in DnJournal - www.dnjournal.com/columns/cover020204.htm

His website - www.erealestate.com/virtual/index.html

both a good read


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[sirengirl]

Hi - I think Rick Schwartz was one of the earlier investors with some massive sales. Started out in the domain business with a total investment of $1,800 and wound up earning $20 million over the next 8 year !!!

Now that takes some beating

Article in DnJournal - www.dnjournal.com/columns/cover020204.htm

His website - www.erealestate.com/virtual/index.html

both a good read


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Gasp..choke.. reminds me to a friend who is worth millions becuase he registered 40+ .coms (yes the generic ones) I remember at the time (circa 97) I had no idea what he was talking about.

 

[gazzip]

He's still got loads of sweet ones too !
Queen_com
Property_com
properties_com
Candy_com

sexo_com ...... overture with ext of 15931 !!!



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[Jo]

1997...I was on the internet for one year then, I bought my 1st home computer in June 1996 for $5000 from futureshop. I joined the internet in September 1996. I was using some old search engine called squirrel or something and I was browsing with the old archaic Netscape Navigator! I used to chat on the IRC - Internet Relay Chat. My webprovider had a simple webpage builder and I made my own homepage (one of those ones with the huge long names that ended in "~yourname") Man...those were the days. :lol:

Weren't .com names $100 each back then? I didn't have that kind of money to buy just ONE even though I remember checking to see if my first name and my IRC nickname was available. I had no idea how to BUY or anything to do with hosting or registrars, I thought it was a complicated process that only large companies could utilize.

Ahhhh hindsite is always best, no?

 

[airwav]

I started my first Internet dial-up company in 1993. Had I known of how the domain industry was going to grow, I would have been hording them, even at $35 per pop.

 

[mis_chiff]

I bought my 1st home computer in June 1996 for $5000 from futureshop.

Ahhhh hindsite is always best, no?

Future Shop...yeah, they got me too...about 300 hundred less then
yours...lol Internet ready, IRC ready (I had just discovered MIRC) all
I wanted was to get on the net...they saw me coming

But I never even had a concept that I could actually buy a .com, didn't
even know they were available to the average Joe,
at that time in my life, it was 900 and 976 numbers...which way to go,
horoscopes or porn, $35.00 bucks a minute...Now it's on the net...
Geeeez......hindsight, you hit that one right Kerrijo

 

[bocanames]

Yeah Rick Schwartz definitely has visionary credentials. I'd have to put that guy Yun Ye in the same category though. His portfolio sale to Marchex for $164 million woke up a lot of wall street types. Again cite dnjournal cover story for the details. And then there was me, who registered a couple of ridiculous .com domains in 1995 that are still worthless even today.

 

[Thirsty]

I don't think that any name registered since 1995 would be worthless

 

[gazzip]

I'd have to put that guy Yun Ye in the same category though. His portfolio sale to Marchex for $164 million woke up a lot of wall street types.

Yeah that was some sale eh !!

I just can't imagine how many years it would take for them to ever get their money back in PPC - thats if it lasts that long ??

I bet loads of those names are'nt really that great too, just there to beef out the portfolio - I wonder what percentage of them actually receive decent steady traffic ?

I must admit, I can't really get my head around it Have these Wall Street types been sold a dream ?


I Just found this.....looks like it was'nt that risky of a gamble

The portfolio Yun Yee sold for 164 million were reportedly generating about $19 million a year in revenue !!!

works out to a price of about 8.6 times the annual revenue

www.dnjournal.com/cover/2006/september.htm
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