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Regular readers may remember a 2019 DN Journal Cover Story in which domain industry pioneer Michael Castello gave us the inside story of how he got a $1.5 million contract to sell a domain he co-owned with friend and nationally syndicated radio icon Walt "Baby" Love. The deal for Room.com, a name wisely purchased to upgrade from GetRoom.com, allowed the buyer to pay for the domain under a five-year installment plan. That company just sent in a check for $250,000 to close the deal.
We connected with Michael to get an update on his history with the domain from first registration to its eventual seven-figure sale, a history that stretches back 26 years. "Back in the mid 1990's, during one of our recording sessions, Walt asked if I could get him involved in domain names," Michael recalled. I asked him how much he wanted to spend, and he said, "How about $3,000?" Our arrangement was that I would find and register the names, and we would split their sales or website businesses 50/50. He handed me his credit card, and I registered 30 generic domain names, including Room.com." Read the full story here:
https://www.dnjournal.com/articles/2023/room.com/michael-castello.htm
We connected with Michael to get an update on his history with the domain from first registration to its eventual seven-figure sale, a history that stretches back 26 years. "Back in the mid 1990's, during one of our recording sessions, Walt asked if I could get him involved in domain names," Michael recalled. I asked him how much he wanted to spend, and he said, "How about $3,000?" Our arrangement was that I would find and register the names, and we would split their sales or website businesses 50/50. He handed me his credit card, and I registered 30 generic domain names, including Room.com." Read the full story here:
https://www.dnjournal.com/articles/2023/room.com/michael-castello.htm