Adam Yamada-Hanff shared a link with me to a My First Million podcast featuring someone who has been active in the business of domain names but I had never heard about him or his business before. I embedded the podcast at the bottom of this article.
Sheel Mohnot runs a company called Innovative Auctions, and according to his reporting on the podcast, the company sold more than half a billion dollars worth of Internet real estate. You may be scratching your head a bit, as did I, but the company was responsible for many of the auctions involving the new gTLD domain name extensions. Many of the new gTLD contention sets participated in the ascending clock second price auctions managed by Sheel’s company. According to the podcast, the top couple of auctions went for over $100 million, although the extensions and amounts were not shared.
Here’s a description of the podcast found at the Listen Notes website: