Buying Domain Names

Angel investor and entrepreneur Jason Calacanis is apparently looking to purchase a domain name. He put out a request on Twitter asking people to DM them if they have premium .com domain names for sale:

any premium .com #domainnames for sale? DM me! #domainsforsale

— jason@calacanis.com (@Jason) June 18, 2021

Shorter is better is something my parents have always told me growing up. While this may hold true in terms of height, it is not always the case when it comes to some domain names.

Over the years, I have owned several three letter .com domain names (NLC, MYV, SHS, KJP, RER, PJP, RSN, and probably a few I have forgotten about). LLL.com domain names tend to be in high demand, and they can sell for amounts that range from five figures to seven figures, depending on the letters and demand for them. While the 3 letter .com domain name market is quite liquid, not all 3 letter domain names are investment-grade.

Someone shared the tweet below from Shifang Yuan from Yuming.com. The tweet came in response to someone else’s question about the value of two types of .IO domain names:

Several weeks ago, Hilco Streambank emailed me to notify my that several domain names were coming up for sale in a bankruptcy auction. One of the domain names in the list stood out to me – AllOut.com. When I played sports as a kid – and even when I play tennis today, I tend to go all out. I like the business and marketing connotations of “all out,” and I have been buying similar types of domain names when I can (SparkPlug.com is another one I recently acquired).

Shortly after receiving and seeing the notifications about the auction, I was in touch with representatives from Hilco Streambank to understand the bankruptcy auction process and learn how I could participate. I started by submitting a bid, and that qualified me to participate in the auction. The domain name was sold in a package with AllOut.net, so my bid would be for both AllOut.com and AllOut.net.