Domain Capital Sells JB.com

Elliot Silver
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As George Kirikos pointed out yesterday morning on Twitter, JB.com has changed hands. The domain name had been owned by Domain Capital for several years, and the company had been asking well into the seven figures to purchase it. I spoke with Domain Capital’s Gregg Freeman, and he confirmed that the company sold the domain name. Gregg would not share the purchase price.

A Whois search reveals the current registrant’s email address is @guta.com. I believe this would indicate George Hong’s Guta.com domain brokerage helped facilitate the sale of JB.com. I presume the buyer is based in China, but we shall see.

There are quite a few companies and people that have JB as their initials. I am sure Domain Capital  spent time reaching out to prospective buyers, and I am a bit surprised that one of the larger companies did not acquire the domain name. I suppose a seven figure price tag may be daunting, but it’s not like some of these companies and people couldn’t afford it. A few prospective buyers could have been:

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Discussing My Lilac.com Tweet

Elliot Silver
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My tweet about an offer I turned down for Lilac.com yielded some good discussion on Twitter and at NamePros a couple of weeks ago. I don’t generally share sales data or offers, so this was out of the ordinary for me. It was also a bit strange seeing people discuss it publicly, although some good points were made. I thought I would share a bit more about my rationale for passing on the offer and the status of the domain name.

First, some background. I bought Lilac.com privately several years ago. I think it is a meaningful domain name that can be used by a company in virtually any field. For those unaware, lilac is a color in the purple palate, and it is also a shrub with beautiful purple flowers. We have several wild lilac bushes on the side of our driveway, and they bloom in the Spring as the temperatures get warmer. It is my sign that the Spring is coming. It is also my daughter’s favorite color. I think it would be a positive and happy brand, perhaps with a touch feminine. It is easy to spell and is memorable.

I want to share some of my rationale for passing on the offer:

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Rick Schwartz Sells Property.com

Elliot Silver
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In a deal announced via his Twitter feed, Rick Schwartz shared that he sold the Property.com domain name:

Although Rick did not announce the value of the deal, he did reveal that he will retain a 10% interest in the new company. Rick mentioned that he will “hold the paper,” and I believe that means the deal is

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Follow What Domain Names are Selling

Elliot Silver
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One of the most important aspects of being a domain investor is knowing what a domain name is worth. I think this is actually the most important thing, because without the ability to value a domain name, it would be impossible to make investment decisions without knowing the value of a domain name.

To learn about domain values and understand what domain names are worth, I use a variety of tools and observe many different things to fill my head with intelligence I can use to make purchase and sale decisions. Here are many of the ways I follow the market to see what is selling:

Read the DNJournal weekly domain sales report and keep an eye on the year to date report. This is a great way to see what is publicly selling since many brokers and some brokerages report their higher end deals. I also like share links to these two reports when a prospective buyer asks me to justify an asking price or I feel the need to educate someone about domain name sales.

Use the search functionality at NameBio. The team at NameBio archives domain name sales that are publicly reported, and it also has archives other public sales that it is able to track. Visitors can use NameBio’s search functionality to get more specific and follow along with certain types of domain name sales. For instance, someone who

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Token Media Moves Off Token.com to Sell Domain Name

Elliot Silver
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In October, I saw that a Minnesota company called Token Media owned the great Token.com domain name. I also noticed the company owned TokenMedia.com as well. With that in mind, I made an offer to buy Token.com, suggesting that the company could sell the domain name and shift its website to TokenMedia.com.

A few weeks later, I received a response to my email from Ali Zandi, the founder of a domain brokerage called Starfire Holdings. Ali let me know that he is the exclusive broker for the domain name and that my offer is lower than the company would consider to sell the domain name. I was interested in buying the domain name speculatively, so it wouldn’t have made sense for me to pursue the domain name at a greater level.

I had a look at Token.com today, and it looks like the company

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“Under Sold” Domain Names

Elliot Silver
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7

Every domain broker wants to sell their domain name listings for as much money as possible. Sometimes domain names may appear to have been under sold (sold for less than full value), but that is not necessarily the fault of the broker.

A domain broker is generally given certain requirements from the seller. This short list likely includes a desired price, a minimum price, the amount of time allowed, companies to not contact, and possibly some other requirements. The biggest factors are obviously the amount of money and the time permitted to sell the domain name.

Some reasons a domain owner might need a quick sale include:

  • Need cash right away
  • Tax implications
  • Business situation requiring disposal of assets
  • Hit quarterly or annual goals

Timing is everything when it comes to domain names. I could own a domain name for ten years and never receive a single inquiry. The week after I sell it to another domain investor, a buyer may materialize and acquire it at a profit for the new owner. This is

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