Home Blog Page 15

Hillan Klein Named New Namecheap CEO

1

This morning, I shared that Namecheap Founder Richard Kirkendall stepped down as CEO of Namecheap following the company’s acquisition. I noticed this when he transitioned off of the @NamecheapCEO account on X and he is now using the @NamecheapCEO123 account.

Longtime Namecheap COO Hillan Klein was promoted to the role of CEO. In taking over the executive suite, Hillan also took charge of the @NamecheapCEO account on X. His first post was made this afternoon:

Richard Kirkendall No Longer Namecheap CEO

1

Last night, I noticed that Richard Kirkendall no longer had the NamecheapCEO account on X. Instead, his account handle changed to NamecheapCEO123, which I was following. I mentioned this precautionary in the event he had lost control of the account for some reason. Fortunately, the change was intentional.

In a post on X early this morning, Richard shared that he has stepped aside as Namecheap CEO. This change comes in the wake of CVC Capital Partner’s $1.5 billion acquisition of Namecheap. According to Richard, the new CEO of Namecheap is Hillan Klein, who has been the company’s Chief Operating Officer for 12 years.

SERP.com Acquired for $210,000

The SERP.com domain name was acquired in July of this year for $210,000. This, according to the former owner of the domain name who is a longtime domain investor. SERP.com was sold via Afternic, according to an Afternic transaction activity screenshot I was sent.

Prior to the sale of SERP.com, the buyer had a price expectation of $500,000. After multiple rounds of negotiations, the buyer and seller agreed to a $210,000 sale price.

Anything.com Sells Its Anything.com Domain Name for $2 Million

0

Anything.com is a legacy brand name in the domain name space. Anything.com has long owned a portfolio of exceptional domain names. Off the top of my head, I can think of Home.com, Marketing.com, Blade.com, Kitchen.com, and many other meaningful .com domain names the company has owned.

This afternoon, I saw a post on X from Alan Shiflett that highlighted a massive rebrand. A company called Anything, which has been using CreateAnything.com, acquired the Anything.com domain name. Anything is an AI-based, no-code software development company founded by Marcus Lowe. The company recently announced an $11 million round of funding. A press release was published this evening pegging the acquisition at $2 million.

Marcus shared the news about the new domain name this afternoon:

Be Honest in a Negotiation

8

Andrew Allemann covered the Rams.com UDRP decision that went in favor of the domain registrant. The Los Angeles Rams NFL football team tried to get the domain name via UDRP, and they lost the decision. The domain name was successfully defended by attorney John Berryhill.

There was one aspect of the decision that caught my attention. The panel paid attention to the discussion about a $2 million offer that was reportedly made to buy the domain name. The panel did some background checking to confirm that the offer could be plausible, sharing that the prospective buyer apparently represents some companies with “Rams” in their brand names. Had the seller been untruthful about an offer, who knows how the panel may have ruled.

Follow Up for Outbound Purchase Offers

The domain names I focus on acquiring privately aren’t usually for sale. To me, a great domain name that isn’t listed for sale and hasn’t been marketed has the greatest chance of reselling profitably.

There are many reasons for why a domain name may no longer be used but isn’t offered for sale. The registrant may not know about the domain name aftermarket. Selling an unused domain name is a very low priority for the owner. There may be no catalyst for a domain name sale. Nobody at the company may be responsible for selling an asset like a domain name. The domain name may have been bought at a low cost many years ago, and there is just a small holding cost that is insignificant.