In 2014, the Teamwork.com domain name sold for €500,000. The sale, which is recorded at $675,000 because of the exchange rate, is listed as the 14th largest sale of the year in DNJournal’s sale report for 2014. Teamwork.com is a great domain name, and the $675,000 USD price tag seems like a fair deal for both parties.
According to an article in the Irish Times, the buyer of the domain name, a company called Teamwork, is very happy with its acquisition. In fact, buying Teamwork.com was cited as one of the two most pivotal moments for the young company so far. Here’s the interview question and answer shared by the founders of the company in the Irish Times article:
“What moment/deal would you cite as the game-changer or turning point for the company?
It’s a coin toss between two events. The first is when we used every penny we had to acquire the domain name Teamwork.com for €500,000. It was a huge gamble but it paid off quickly.
The second event that stands out as a growth catalyst was the day we received a phone call from Disney. They told us they had been using Teamwork Projects for a while in stealth and they loved it. They wanted an enterprise version with extra security features. We delivered and the Disney account helped us build out our enterprise offering.”
The interview was done with Teamwork