Report: Jig.com Domain Name Cost $85k

I think Merlin Kauffman is one of the most likeable guys in the domain industry. He attends just about all of the tradeshows and events, and I don’t recall ever seeing him without a big grin on his face. Merlin is a young guy, and his company has amassed a portfolio of great generic domain names.

This morning, I read an article on TechCrunch about a startup called Jig, which operates on Jig.com. The startup, was founded by Joshua Schacter, who also founded Delicious. It was incubated in Schacter’s Tasty Labs, which received a  reported $3 million in funding in November of 2010.

In doing some research, it appears that Merlin Kauffman’s company, True Magic, LLC, owned Jig.com as late as April of 2011. In May, the domain name was acquired by Tasty Labs, although the sale does not seem to have been publicly reported at the time.

In addition to the TechCrunch article, noted venture capitalist Fred Wilson of Union Square Ventures, one of the companies that funded Tasty Labs, wrote an article on his blog about Jig.com to help introduce the startup. In the comment section, someone asked what the price of the domain name was, and Schacter replied “$85k.”

I reached out to Merlin for a comment and will post it when I hear back. He travels extensively and I am away in California right now, so it might not get updated very quickly (same as comment approval).

Thanks to Larry Erlich for the tip.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

5 COMMENTS

  1. Funny story. I thought I had negotiated a deal with the seller to buy Jig.com, then the seller sold it out from underneath me…to Merlin

    I didn’t realize who had bought it until one of the Jig.com guys sent out an email to a company alumni list I’m on mentioning their launch. I looked up the whois history at that time and saw True Magic had sold it to the latest owners.

    Life goes on… 🙂

  2. “I reckon the seller of Jig.com got fairly lucky…”

    I would say the buyer is lucky. Had they been set on the name and Merlin not wanted to sell it, the price could have been higher.

  3. Yeah, I LOVE this domain and I think they got a great deal at $85k. I’d be interested to hear what the initial asking price was…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Have a Real Presence Online When Selling Domain Names

0
When it comes to selling domain names via outbound marketing, credibility is very important. If a prospective buyer receives an unsolicited and unexpected email...

2021 vs 2025 – % of .coms in my Portfolio

1
I don't closely track the percentage of domain extensions in my portfolio. I could have 75% .com or I could have 99% .com domain...

Nominations Open for 2026 ICA Awards

0
The Internet Commerce Association (ICA) is now accepting nominations for two domain investing community awards. Domain investors may now submit their nominations for the...

Bodis Gives Performance Update After Google Parked Domain Opt-Out

3
Bodis sent an update to customers yesterday about recent performance impacts related to pay per click parking revenue. The company attributed the decline to...

Glad This Sale Wasn’t an LTO

0
Sometimes, the most obvious use for a particular domain name is in a manner that would either be offensive, controversial, or negative. This will...