Advice

Domain investing is a capital intensive business. No matter how much money you have or have access to, you can spend it all acquiring your portfolio of domain names. This fact can make it challenging to grow your personal wealth while building your domain name portfolio.

In a traditional salaried or commission-based job, a person pockets their salary minus their taxes. There may be some business costs not covered by the salary, but a person takes home nearly everything they earn in salary.

I rarely do domain name consulting. When a friend or friend of friend needs some domain registration or acquisition advice, I am happy to chat with them if I am able to offer advice or insight. Beyond that, I am a hard no when people ask about domain consulting.

In the past, I would chat or exchange emails with these acquaintances a few times, and maybe I would follow up down the road if I recalled our discussion to see if they were able to get their coveted domain name. Since I did not have any sort of vested interest in their acquisition, their needs would generally fall off my radar shortly after chatting.

There was an article (paywall protected) on Business Insider that covered a lawsuit involving the Wormhole.com domain name. Attorney Evan Brown also wrote an article about the case. This morning, Decrypt published an article that revealed a settlement had reportedly been reached.

Here’s how Decrypt described the negotiation for the sale of Wormhole.com.

“In June of 2021, someone at Jump used a third-party domain broker to approach Merryman and offer $2,500 for the name. The latter rebuffed the request, saying—perhaps in jest—that the price was a “firm US$50000.”