Thomas Heath of the Washington Post published an article about domain investor Mike Mann, and I thought you might find the article interesting. There have been quite a few articles written about Mann over the course of the last three years, and while there isn’t much new information shared in this article, there were some things you might find interesting.
In my opinion, three of the most noteworthy aspects of the Washington Post article include
- “The biggest is probably DomainMarket.com. The business grosses around $4 million a year in domain name sales, but it spends $3 million alone in buying new names.”
- “He sold his first domain company, called BuyDomains.com, in 2005 to a venture-capital firm for $80 million, pocketing around $25 million as his share.”
- “He said any net worth he has is tied up in his companies. Right now, ‘I am $2 million in debt, which is ridiculous for somebody who has earned as much as me. I have a lot of small failures.'”
Overall, the article was friendly towards Mann, which isn’t always the case. In general, people seem to have quite a bit of animosity towards domain investors and domain name speculators, and they seem to particularly dislike those in this business who own very large portfolios of domain names. In this article, Mann touches on both his successes and failures.
I would say that Mike Mann is a polarizing figure in the domain space, but he has certainly done quite well building his businesses and generating a buzz about his business activities. Check out the Washington Post article when you have a chance.
Thanks to Josh Metnick for sharing the news via Twitter.