I received a press release this morning that I want to share with you. Matt Collins, one of the original DigiPawn founders, has announced the launch of inteLend.com, a new domain name financing company. The inteLend brand is a play on “intellectual property lending.”
According to the website, Mr. Collins is a practicing attorney who has served as “legal counsel for many successful ecommerce companies. The Collins Law Firm provides a wide array of legal services to businesses involved in ecommerce, domains and other businesses involved in the internet.”
I checked out the new website, and it looks pretty sleek.
The press release is below:
Domain financing pioneer Matt Collins launches inteLend a new option for customers looking to use their domains as collateral. Mr Collins is an attorney who was one of the original partners in DigIPawn, the first company to advance cash on domain names. When asked why he’s started inteLend, Mr Collins replied, “I’ve identified a real need for capital in the domain industry as there is only one option at present and this industry needs and deserves to have more sources for capital. Unlike the only option right now, inteLend will serve large and small customers alike and offer options that involve no credit checks. All you need is a good domain or a cash earning website.”.
inteLend has big ambitions and intends to actively search for deal opportunities in all sorts of intellectual property markets like patents, trademarks and copyrights. However, the company expects the significant majority of deals to be either premium domains or developed websites with traffic and revenue, or perhaps a combination of the two.
When asked how soon Mr Collins wanted to start doing deals, he replied, “inteLend’s doors are immediately open for business. The company has secured financial backing from a large finance group out of New York City. The cash is in the bank and needs to be given to customers as quickly as possible. ”
For more information please contact Matt Collins directly.
Is Digipawn still in operation?
No idea. The site is still operational though.
I know, that’s why I asked 🙂
Wow now thats some flexibility. It’s got me thinking though how they’d valuate patents, trademarks and copyrights. Any enterprise could be granted these and not necessary have a sales base for their goods and services.
I’m guessing though that Matt would have an assessment model in place to gauge sales from such trademarked patented goods and services as a measure of value and thus determine a loanable sum.
Still it’s a great initiative and will probably surpass Digipawn and others in this niche due to it’s unique collateral flexibility.
I just attempted to register at DigiPawn and got a MySQL database error.
A similar error occurred when I attempted to access the Contact page.
Another business gone the way of attrition, it seems.
I don’t recomment even bothering to apply with these people. After I applied with 70+ domains to borrow agaist, with substantial income from these domains, after proving the income they bring in, I was completely ignored and never received an answer as to even if they ever took it seriously. Just bad business people. Stay away