Dave Evanson super broker at Sedo tweeted he just sold Give.com for $500,000
Just sold Give(.)com for $500,000. Congrats to seller and buyer!!
— dave evanson (@SedoDaveEvanson) July 28, 2015
Regged in 1995, last screenshot from Screenshots.com:
Wells Fargo seems to be the buyer
The rumour has it it was acquired by HostGator Founder Brent Oxley. He sold the company to Endurance International Group for over $200 million so was apparently looking for another big thing.
Asking price was $800k, so $500k does not look like the best job from Dave.
tough crowd
It appears that the social handles were included in the deal too. Or did the site not change the hands yet?
500k was a horribly low price for this domain, especially if Wells WAS the buyer (I haven’t seen confirmation of this yet). If Wells was indeed the buyer, then this should have been $3 million – $4 million easily. Seller got the short end of the stick on this one (and this was a BROKERED domain??? Wow…just WOW)
Mega Domainer,
Do you think Wells Fargo came along and said,
“Hi, this is Wells Fargo, we have millions of dollars, we want to buy give.com”?
In 90%+ cases of cases like this the seller would not know who the buyer is. They don’t know what their budget is either, or what other names they are looking at. Wells Fargo would need to be super motivated to pay $3-4million, i.e. desperate to get there hands on one particular domain. More importantly though it would need a seller who is super unmotivated to sell., to the point that they’d walk away from every offer between 500k and 2.9 million. Would you walk away from $2.9million for give.com? Because that is what it takes to get $3million.
The price to me is about right, when these short common words sell to an enduser it often seems to be around that 500k mark at present.
As a seller of anything, you have every right to know who your buyer is.
If I was the owner of Give.com, I would demand to know who I’m selling to, or no deal. For such a high value domain with a cause, who wouldn’t want to know who their customer is?
How many $3 million sales have you made ?
The owner of Give.com could’ve easily sold the domain on their own for $500k, without any broker. And will still have to pay Sedo high commission for the sale.
One would think a broker from Sedo could’ve easily sold the domain for over $1million USD, but they failed. I bet if a survey is conducted among industry brokers, to get an idea of how much they could sell Give.com for; the average would be over $1million.
One thing is apparent about Sedo, getting the best price for domain owners is not a priority, making a sale is of more importance to them; even if its a mere $1.
When Wells Fargo decides to sell the domain at a later time (even within 2yrs), you can bet they will sell it for over $1.5million.
This is why the domain king has no equal not even FS. If it was for sale for 800K the best rick would do is 750k and say no 3 times and then stop responding to emails. The is a short one word .com domain sedo is concerned about a commission not the highest price. You notice berkins held out for 850K for 345.com.
As rick would say you have to know when you have a whale on the line. No problem with ireport as I remember.
Would Rick have asked less than seven figures? The man who sold candy.com? I don’t think he would have settled for less than 3.
However, congrats to the buyer, seller, and broker.
If Wells Fargo is buying domain names, take a look at their logo. They should also buy HorseAndBuggyBanking.com