Even though Mike reports getting top dollar for the domain names that he sells, the cost of renewals plus the cost of new inventory (registrations, auctions, and aftermarket acquisitions) must also be very high. When I emailed him to ask about his tweet, Mike told me that the “money would be used to buy super premium .com domains.”
Read MoreI have no information about Mike’s operating costs or revenues, nor do I know how much he is seeking to raise. As with any investment, you should do your due diligence first.
