domains Rick Schwartz closes 7 figure LTO deal

[equity78]

Rick posted on X that a domain name that he paid just $480 for has closed in a $1.3M LTO deal. Rick spells out the terms of the deal in the post which includes equity. …]
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[Simon SE]

 

[Wesley S]

this is why he is called the Domain king, whoohoo! Congratulations to the buyer and the seller!! Such an exciting time. Ty for sharing this.

 

[alcy]

when alcy grow up
he wanna be just like rick

 

[Armageddon]

& what is the domain ?

 

[fka1080405]

A great deal but it's not really a $1.3 million deal. $3,800 per month and then a $1 million balloon payment in 5 years? That's a terrible deal for the buyer and one that only a fool would take. If your buyer is foolish enough to take a deal like this... they are almost certainly the sort of fool incapable of delivering on that commitment. No wonder they're willing to give away 10% equity.

$3,800 per month is great, and even if they default in a month, that's still a good return on a $450 domain... but describing this as a $1.3 million deal is absurd. I'll eat my hat if Rick makes more than $100k out of this deal, in fact, I'll eat my hat if he makes more than $50k....

...and that's not a bad thing... $50k is still a great win on a $450 investment, so deals like this are worth it from the seller's perspective, because even if there's just a 10% chance the business succeeds, that's huge upside on a $450 investment, and the downside is still profit, but it's dishonest to frame this as a "$1.3 million deal".

This is a 7 figure deal if the last 2 figures are laughing emojis.

 

[bmugford]

It's a LTO with a massive lump sum payment after (5) years + equity.

The company needs to be extremely successful to net the full amount.

We will see how it works out.

Brad

 

[VadimK]

when alcy grow up
he wanna be just like rick

When Alcy grow up, he will have a big rod… I mean to catch huge whales, of course.

 

[alcy]

When Alcy grow up, he will have a big rod… I mean to catch huge whales, of course.

admit u meant female whales

 

[VadimK]

admit u meant female whales

I was talking about domain whales you mentioned earlier, but well... female whales if you want too...

 

[alcy]

I was talking about domain whales, but well... female whales if you want too...

so untrue
u were talking about the alcy rod haha

 

[Nathan K]

Love the creative approach to domain financing.

 

[VadimK]

so untrue
u were talking about the alcy rod haha

Exactly. Because alcy was fishing whales the other day )

 

[Future Sensors]

But will it be enough to fund his legal battles?

 

[Lanrewaju]

This is a 7 figure deal if the last 2 figures are laughing emojis.

 

[alcy]

But will it be enough to fund his legal battles

u mean rick with all his millions in sales is still barely breaking even cause of his legal fees? or u are just joker like alcy

 

[Donmarick]

It's a LTO with a massive lump sum payment after (5) years + equity.

The company needs to be extremely successful to net the full amount.

We will see how it works out.

Brad

not really for someone it is just company cost which = -tax yearly.

 

[Mkt Sales Leads]

when alcy grow up
he wanna be just like rick

Did you eagerly tell him that? What did he say??

 

[Mkt Sales Leads]

A great deal but it's not really a $1.3 million deal. $3,800 per month and then a $1 million balloon payment in 5 years? That's a terrible deal for the buyer and one that only a fool would take. If your buyer is foolish enough to take a deal like this... they are almost certainly the sort of fool incapable of delivering on that commitment. No wonder they're willing to give away 10% equity.

$3,800 per month is great, and even if they default in a month, that's still a good return on a $450 domain... but describing this as a $1.3 million deal is absurd. I'll eat my hat if Rick makes more than $100k out of this deal, in fact, I'll eat my hat if he makes more than $50k....

...and that's not a bad thing... $50k is still a great win on a $450 investment, so deals like this are worth it from the seller's perspective, because even if there's just a 10% chance the business succeeds, that's huge upside on a $450 investment, and the downside is still profit, but it's dishonest to frame this as a "$1.3 million deal".

This is a 7 figure deal if the last 2 figures are laughing emojis.

This is effectively a registry premium-type handreg turned outrageous sale that newbies dream of (monthly income and all that good stuff).

 

[karmaco]

A great deal but it's not really a $1.3 million deal. $3,800 per month and then a $1 million balloon payment in 5 years? That's a terrible deal for the buyer and one that only a fool would take. If your buyer is foolish enough to take a deal like this... they are almost certainly the sort of fool incapable of delivering on that commitment. No wonder they're willing to give away 10% equity.

$3,800 per month is great, and even if they default in a month, that's still a good return on a $450 domain... but describing this as a $1.3 million deal is absurd. I'll eat my hat if Rick makes more than $100k out of this deal, in fact, I'll eat my hat if he makes more than $50k....

...and that's not a bad thing... $50k is still a great win on a $450 investment, so deals like this are worth it from the seller's perspective, because even if there's just a 10% chance the business succeeds, that's huge upside on a $450 investment, and the downside is still profit, but it's dishonest to frame this as a "$1.3 million deal".

This is a 7 figure deal if the last 2 figures are laughing emojis.

And who are you exactly?

Let's hear about your mega sales. Oh that's right--you don't have any.

Jealousy is alive and well in domainland