Last week, Hilco Digital’s Andrew Miller shared that he and Larry Fischer brokered the sale of the Chat.com domain name. Andrew mentioned that it was “the most significant domain asset transaction in our combined 50+ years investing in and advising on premium domain names.”
Big News! In 2021, my close friend larry fischer, @domainnames, and I worked together to oversee the sale of the epic domain name, Home. com. Today, I, @HilcoDigital, & Larry are excited to congratulate both the buy and seller on the win-win acquisition/sale of Chat .com 🧵⬇️
— Andrew Miller/@andymiller.eth (@amiller325gd) March 24, 2023
This is the most significant domain asset transaction in our combined 50+ years investing in and advising on premium domain names. Chat is a category killer for what may go down as the most disruptive technology since search #domainnames #domains #venturecapital #digitalassets
— Andrew Miller/@andymiller.eth (@amiller325gd) March 24, 2023
Given their involvement in the 2021 sale of Home.com coupled with the extraordinary value of Chat.com, my assumption has been that Chat.com sold for 8 figures ($10 million or more).
This morning, Thorsten tweeted that Chat.com was acquired by Dharmesh Shah, Co-Founder of Hubspot:
Looks like https://t.co/TaCdIWR3wK ended up with @dharmesh Congrats on that monster!
— thorsten (@rundns) March 29, 2023
I reached out directly to Dharmesh, and he confirmed that this was a personal acquisition that was not done on behalf of HubSpot. Dharmesh wouldn’t share the acquisition price with me, but he told me the domain name was purchased for 8 figures. You may recall that HubSpot acquired Connect.com for $10 million in 2022.
Following the news of the acquisition, Dharmesh published some comments about his acquisition on LinkedIn. Notably, Dharmesh said “is the most expensive domain name transaction I’ve ever been involved with.” Given the $10 million acquisition of Connect.com, it seems obvious that he paid more than $10 million to acquire Chat.com:
Congratulations to Dharmesh on this huge domain name acquisition.
This is awesome and a great strategy. Congrats to Andrew and Larry…two of my fav peeps!
Finally and consistently, premiums category killer domains are selling for more than a waterfront home in miami.. $20m+ spent on just 2 names by Dharmesh is great news for the domain industry. Only need a few peeps like this to really showcase to others why URL’s are often undervalued digital native assets compared to other assets.
well said edad
Dharmesh understands the true value of .Com domain names.
Chat.us is forwarding to the LinkedIn post.
It is hardly “consistent”, highest domain sale in years.
Finally, premium category killer domains are selling for more than the average waterfront property in Miami, and this trend is expected to continue.
How many of you wish you have a time machine? So that you can travel back to buy that domain name…