NameSilo purchased for $42k

Labeled as domains in Domain Industry News, started by Michael Daigle, Aug 7, 2020


  1. Michael Daigle

    Michael Daigle Upgraded Member Gold Account

    Likes Received:
    It was disclosed during Dan Martell's interview with Patrick Kinsel, CEO and founder of Notarize, paid $42k for the domain name

    Kinsel mentions during the interviews about being an active domain buyer. Has an interesting flair when it comes to negotiations (see below).

    Changing State Laws with Patrick @ - Escape Velocity Show #27

    Patrick Kinsel talks about domaining for about 5 minutes starting at the 14-minute mark. Here's a recap on that subject:
    - Mentions that he could have purchased while in college, but failed to pull the trigger. Had to settle on the dot org.
    - Talks about the #1 issue when buying domains is that many sellers aren't serious in selling or they set unrealistic pricing.
    - Reached out to five owners of massive domain catalogs, told them he had raised $2.5m and shared the general concept of his product which would eventually become Very upfront with sellers to show he's a serious buyer and determines whether the seller is serious in selling the domains. Kinsel says during the interview that he paid 40-45k for
    - Tried to buy, but the seller wanted a $1m.
    - Says he paid $42k for and purchased from a private equity company. Kinsel provided more details during a VentureFizz interview back in 2019, indicating that he purchased through a domain broker (I think Boston area) tasked with selling domains in a large portfolio recently acquired by a private equity deal. Broker asked for $60k, he countered at $20k and settled around 35-40k. Says negotiations spanned just a couple of days.
    - Talked about creative options when buying domains -- generally not a fan of lease-to-own agreements -- prefers offering a fixed price payment for 5-10 years use, and then a much larger balloon payment if he decides to keep the domain. Finds that type of arrangement gets the conversation started, eventually leading to a sale. He provides an example.
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Top Contributor VIP Gold Account

    Likes Received:
  3. Soofi

    Soofi Punjab, India PRO VIP ★★★★★★★★★★

    Likes Received:
    this is good share.. and quite a few learnings right there :)
  4. pb

    pb Established Member ★★★★★★★★★★

    Likes Received:
    So domain rent with a buyout option at a guaranteed price, I have a few of those going on and they're really nice.
  5. Soofi

    Soofi Punjab, India PRO VIP ★★★★★★★★★★

    Likes Received:
    "option" is where/why I will probably chicken out for such deals, without a guaranteed buyout, due to various reasons of my own.
    Last edited: Aug 9, 2020
  6. Rahul Bhalawat

    Rahul Bhalawat New Member

    Likes Received:

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
  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