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Brian Provost for Scoreboard Media Group writes:
In my opinion, WallStreet.com is one of the few chances you’ll get to realize the lifecycle that Business.com did. There is almost no way that domain name fails if somebody with a clue is behind its audience development and their sales organization can find Manhattan on a map.
This domain is no longer meant for domainers. They should take their seven-figure cashout of the initial real estate and now hand it off to somebody who can spam it”err, develop it. It’s time to let it grow. It’s a no-brainer and I’m sad that I’m probably going to miss my opportunity to buy the domain name at a fair valuation by about 2 years.
He is absolutely right. The domain is not for domainers anymore, as many other domains aren’t. In the last two days I had hours of discussions with colleagues about this topic, domains that cannot be sold for pay-per-click revenue multiples but still worth their current asking prices in gold. WallStreet.com is one of them, Cowboys.com was another.
So what is going on? How do you get those prices? You get them when the buyer takes the business into consideration. The domain then becomes one part of the plan, not the plan. A good example is Business.com, a domain that was sold for 7.5M in end of 1999 and later, as a business sold for 350M.
As the domain channel matures more and more options will come to surface, more creative purchasing, financing, more sophisticated investors. One can hope this will happen sooner then later however, from our recent discussions, my advisors and I feel it is fairly early in the game. If we compare to real estate, the domain channel today is similar to Las Vegas in the early 40’s.
He that can have patience can have what he will.
- Benjamin Franklin
Sahar, I own Dividend.com and we are currently building it out. I agree the wallstreet.com name is great. Are you considering putting together a consortium to buy? I would be interested in speaking with you about it, especially if you have some development thoughts on it. Have you looked into any potential trademark issues as per usage?
Paul
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Hi Paul,
No, not going for this one but come early next year RMG will get deeply involved in the domain industry, investments, service, etc.
Cheers
Sahar
That sounds great. I will keep reading for details.
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You won’t have to wait long. Our marketing efforts start in about four weeks. We have a major partner involved and a very unique offering in place. Product release is set to February 2008.
Sahar
Hello Sahar,
Could you please clarify RMG for me. I picked up on this term, as I was reading comments on this post? Also I’d really appreciate you sreering me in the direction of an answer to what Android.com sold for? Google is definitely going to pursue Wireless horizons. They will make surfing the net on smart phones a robust experience, and I cant think of a smarter move than the Android.com initiative! Follow Google and you’ll see the future.
Joy and Light
Jeff
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RMG= Recall Media Group, company I co-founded
Android.com price - it was sold privately, as most domain sales are.
Cheers
Sahar
Thanks for your response!
I should have known this info. on Android.com would be kept on the QT. Most of the best names never make it to auction.
I believe that most big names will be non-disclosures. Domainers need to know that they control letters of the alphabet. Something that was never possible until the URL lease came on the scene.
Joy Light
Jeff
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