Many people in the domain space know of or personally know Merlin Kauffman. My opinion is that Merlin is one of the shrewdest domain investors, and he has done very well with his domain investments. In September, I covered his launch of Soothe, which is sort of like Uber for massage therapy. This week, Merlin has made news for a bitcoin related matter.
According to CoinDesk, an online publication that covers bitcoin and other digital currencies, Merlin Kauffman’s “Las Vegas-based bitcoin investment fund CoinSeed announced a substantial investment of $5m in mining hardware on 23rd January.” The article also noted that the company raised $7.5 million from private investors in just a month, and the company has plans to raise an addition $15 million in funding from private investors as well.
Judging by some of Merlin’s comments in the article, I would assume that he raised some funds from people and companies in the domain space. This wouldn’t really be a surprise because Merlin has built solid reputation amongst his peers and colleagues, and domain investors are often looking at other means of generating revenue outside of the domain space.
I still don’t know all that much about bitcoin and cryptocurrency, but I hope that Merlin has the same good fortune with CoinSeed that he has had with his other domain investments.