I read a press release in the Wall Street Journal announcing the launch of a venture capital fund called the Ghost Domain Capital Fund. The business “invests in ‘category killer’ Internet domains that are mostly oriented toward B2B solutions.” According to its website, here is a bit of background about Ghost Domain Capital Fund:
The general partners of Ghost Domain Capital are experts at monetizing the web. The formulas and strategies used to generate significant revenue transend industries and are easily replicated. One of the requirements is a category killer domain — typically at a cost north of $1M.
The company that operates the Ghost Domain Capital Fund is the Ghost Group, “a Southern California-based venture capital firm primarily focused on the emerging marijuana industry.”
I do not have information about investments made by Ghost Domain Capital Fund, although I do have a bit more information about Ghost Group. One of the general partners of Ghost Group is a person named Justin Hartfield, who is the co-founder and CEO of WeedMaps.com, which reportedly generates $1.5 million in monthly revenue. In January of 2012, I reported that WeedMaps had acquired Marijuana.com.
The company name is pretty cool, and I am interested in hearing more about their category killer domain investments.