sales Rick sells ACRepair.com for 1.5M

[Samer]

@Rick Schwartz just uploaded via his Twitter;

Thanks to Mr. Schwartz for disclosing time of negotiation, minimum price, where many NDA (buys their silence) this helps, way should be.
$1.5M the man has earned right say whatever.

Samer

 

[.NJ]

Is it selling contract, acquisition contract, partnership contract..etc
who knows what he is talking about

Right....

Misdirection like any other day in the domain world.

 

[Samer]

Right....

Misdirection like any other day in the domain world.

i disagree and think you’re being harsh on him,
(sorry if i took it personally)

Rick still gave wayyyyy more than most, under his circumstances. (who knows if pressured not to even share like most people spend lot..
now know why say “7 figures” and call it a day

 

[7363824]

I'm confused by this. My guess is since he said hes in the AC business now he got some stock as part of selling it? So maybe 1.5mil plus stock????

 

[Samer]

I'm confused by this. My guess is since he said hes in the AC business now he got some stock as part of selling it? So maybe 1.5mil plus stock????

This times a million!!!

Who celebrates buying a $1.5M AC domain?
and it’s Rick Schwartz! sold more million dollar domains AND piece of pie than anyone else.

Would it shock u if he got $1.5M cash+ equity?

 

[Toms Domains]

This thread is going to be a good laugh.

 

[Samer]

This thread is going to be a good laugh.

One way or another.

 

[Pay.My.id]

Really impresive negotiation to close awesome sale. Congrats @Rick Schwartz

 

[.NJ]

I wonder how many Ac repair domains were regged in the last couple hours....LOL

 

[Samer]

I wonder how many Ac repair domains were regged in the last couple hours....LOL

This! finally now we’re in agreement

Samer

 

[.NJ]

This! finally now we’re in agreement

Samer

I meant that in a way of domainers wasting money from the misdirection of Rick's post.

 

[koolishman]

So, he traded a domain for equity?

 

[Samer]

I meant that in a way of domainers wasting money from the misdirection of Rick's post.

Yes i know what you mean.

OKBoomer 2.0

domainer always trying jump trends, corona

 

[Josytal]

If I understand the text correctly.
Rick is now in AC business worth $1.5M.
Domain ACRepair/com is part of the deal, Possibly swapped for shares in the new business.
Premium domains are solid assets - not necessarily in monetary terms.

Nonetheless congrats.

 

[Samer]

If I understand the text correctly.
Rick is now in AC business worth $1.5M.
Domain ACRepair/com is part of the deal, Possibly swapped for shares in the new business.
Premium domains are solid assets - not necessarily in monetary terms.

Nonetheless congrats.

Did Rick BUY or SELL?

obviously sell? farfetched to assume otherwise

 

[Josytal]

Did Rick BUY or SELL?

obv sell? far fetched to assume otherwise

He did Both, in this particular case. Again, to my understanding.

 

[Haykay2005]

So, he traded a domain for equity?

May be

 

[Randolph]

Rick sold the domain to an AC repair company for a cash sum + stock/equity/similar.

Over time, he will get a contractual minimum $1.5m in his pocket. If the business does big revenue numbers, he stands to earn more on top of the $1.5m.

Not sure what the confusion is? This type of deal happens all the time.

 

[Samer]

Rick sold the domain to an AC repair company for a cash sum + stock/equity/similar.

Over time, he will get a contracual minimum $1.5m in his pocket. If the business does big revenue numbers, he stands to earn more on top of the $1.5m.

Not sure what the confusion is? This type of deal happens all the time.

Thank you!

“minor semantics”

Samer

 

[Randolph]

Thank you!

“minor semantics”

Samer

You are not going crazy, Samer. Thank you for sharing.

 

[Mister Funsky]

I just scanned the thread...gots grill going...but Rick has sold more than one name in the past and made a portion of the proceeds (from development) part of the deal. I haven't checked where or if it resolves yet, but you can bet by summertime it will be active.