I recently detected that the Fund.com domain name had transferred to GoDaddy. It was noteworthy because I knew that it had been listed for sale via Media Options for $2.5 million. Before sharing anything, I reached out to Andrew Rosener, CEO of Media Options, to see if his firm brokered the sale of Fund.com. Andrew confirmed the news to me but could not comment further:
I saw that Fund .com transferred to GoDaddy. The domain name had been listed for sale via @MediaOptions. I reached out to @andrewrosener, and he told me that his firm brokered the sale of the domain name but he could not comment about the price. I believe ask was $2.5m.
— Elliot Silver (@DInvesting) January 2, 2019
This morning, Andrew publicly confirmed that Media Options brokered the sale of Fund.com, in a tweet:
Congrats to my team @MediaOptions on the sale of https://t.co/Z3OVeAGYi7! Also, congrats @ThomasBraziel & his team on the sale! #OffTheMarketForever
— Andrew Rosener (@andrewrosener) January 11, 2019
Fund.com has an interesting history. According to NameBio, the domain name previously sold for $9,999,950 in 2008. Based on the asking price mentioned in the Media Options newsletter, it would appear that the domain name must have sold for substantially less than its previous sale price.
At the time of publication, Fund.com resolves to a default GoDaddy landing page. The Whois record lists the registrant as Koober Ltd, but much of the Whois record remains hidden due to GDPR regulations. I will keep an eye on Fund.com to see how it is used in the future.
Looks like someone got a major haircut, lol. $10m in 2008 at the height of the financial crisis. My guess is sth around a 90% loss.
Here’s the DNJournal report on the 2008 sale:
http://www.dnjournal.com/archive/domainsales/2008/domainsales03-18-08.htm
The previous “sale” from 2008 has been widely discredited.
Here’s the SEC filing:
https://www.sec.gov/Archives/edgar/data/1335795/000121390008000113/f8k011108_eastern.htm
Fund.com has been on the market for awhile as I remember seeing this name in the MediaOptions newsletter more then once.
Great deal for the buyer as I am sure it resold for less then 2.5mill asking price.