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- Oct 21, 2006
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This is my first post here (and it cost me US$51), and even though I've read the rules and stickies, I apologize in advance if I've inadvertantly offended someone. I'm still learning the domain language; even though I've been living in the dot-com world for over a decade, I've never worked in the speculative arena.
Fractional shares of note.com premium domain available for very limited time
OK; here's the deal: This past week, I signed a contract
with Moniker to sell the premium domain note.com, at either
their January or March auction, with the latter being far more
likely. (January is a specialty event, concentrating primarily
on the adult market end of things. note.com isn't exactly XXX.)
Moniker offered an appraisal value of $227,000:
http://David.Beroff.com/img/note.com.appraisal.061217.doc
I've now spoken with a few people who also agree that the
$200k range is a reasonable current expectation for a sale
value at auction.
I'm going to be working with Moniker to identify multiple
"end user" potential buyers, who would presumably be
willing to bid far higher than the "domainer" (speculator)
population. The idea is that by March, once we are able
to get a few of these companies interested, (e.g., those
that might want to grow their online music businesses),
the value would ideally grow *far* larger than $200k at
that auction.
Right now, I have an associate (with whom I've worked for a
few years) who offered me $100k straight out. My concern
there is that he jumped from an initial $20k offer, to $50k,
to $100k, all within a few hours, and thus, I'd be foolish to
sell it to him at that level, if he's so eager to buy there.
Still, I need to do *something* quickly, and so here's what
I'm going to do: I will sell ten one-percent shares in the
domain (not the company) note.com to the first ten people to
email me a scanned check (made to my firm, note.com LLC)
drawn on a US bank for $1,000. Of course, people can buy
multiple shares, or even offer a higher price if desired.
Once I sell the domain, I would then buy each of those shares
at 1% of the *net* purchase price. i.e., I'd have to subtract
Moniker's brokerage fee and any other expenses (if any).
*Strictly* as an example, if we sold the domain at the March
auction for $200k, and if Moniker were to take a 20% fee,
(I technically can't reveal the terms of our contract, so that's
only a... guess), then the net price would be $160k, and
I'd send each share-holder $1,600 for their investment
(once my own funds clear, of course). That 60% growth in
three months works out to something north of 500% APY.
That is *only* an example, and can't be taken as a promise
of anything. The value of the shares could increase, or they
could even decrease. There'd be very low liquidity, as there's
not really much of a market for this. All standard disclaimers
obviously hold, and basically, this investment carries a risk.
Of course, it could also prove to be very lucrative for you. :cheesy:
Furthermore, this new group of fractional share-holders will
have the opportunity to brainstorm on potential vertical markets
and specific buyers who would be likely to purchase the
domain at higher levels. I would then work with Moniker to
contact the companies appropriately, and the process would
presumably result in an even greater value.
Thank you for your interest!
-- David Beroff (david at note dot com)
Update: I've been asked to keep the discussion by PM,
so please do so in order to keep this marketplace a fair one.
You can also contact me by email. Thanks for your help here!
Fractional shares of note.com premium domain available for very limited time
OK; here's the deal: This past week, I signed a contract
with Moniker to sell the premium domain note.com, at either
their January or March auction, with the latter being far more
likely. (January is a specialty event, concentrating primarily
on the adult market end of things. note.com isn't exactly XXX.)
Moniker offered an appraisal value of $227,000:
http://David.Beroff.com/img/note.com.appraisal.061217.doc
I've now spoken with a few people who also agree that the
$200k range is a reasonable current expectation for a sale
value at auction.
I'm going to be working with Moniker to identify multiple
"end user" potential buyers, who would presumably be
willing to bid far higher than the "domainer" (speculator)
population. The idea is that by March, once we are able
to get a few of these companies interested, (e.g., those
that might want to grow their online music businesses),
the value would ideally grow *far* larger than $200k at
that auction.
Right now, I have an associate (with whom I've worked for a
few years) who offered me $100k straight out. My concern
there is that he jumped from an initial $20k offer, to $50k,
to $100k, all within a few hours, and thus, I'd be foolish to
sell it to him at that level, if he's so eager to buy there.
Still, I need to do *something* quickly, and so here's what
I'm going to do: I will sell ten one-percent shares in the
domain (not the company) note.com to the first ten people to
email me a scanned check (made to my firm, note.com LLC)
drawn on a US bank for $1,000. Of course, people can buy
multiple shares, or even offer a higher price if desired.
Once I sell the domain, I would then buy each of those shares
at 1% of the *net* purchase price. i.e., I'd have to subtract
Moniker's brokerage fee and any other expenses (if any).
*Strictly* as an example, if we sold the domain at the March
auction for $200k, and if Moniker were to take a 20% fee,
(I technically can't reveal the terms of our contract, so that's
only a... guess), then the net price would be $160k, and
I'd send each share-holder $1,600 for their investment
(once my own funds clear, of course). That 60% growth in
three months works out to something north of 500% APY.
That is *only* an example, and can't be taken as a promise
of anything. The value of the shares could increase, or they
could even decrease. There'd be very low liquidity, as there's
not really much of a market for this. All standard disclaimers
obviously hold, and basically, this investment carries a risk.
Of course, it could also prove to be very lucrative for you. :cheesy:
Furthermore, this new group of fractional share-holders will
have the opportunity to brainstorm on potential vertical markets
and specific buyers who would be likely to purchase the
domain at higher levels. I would then work with Moniker to
contact the companies appropriately, and the process would
presumably result in an even greater value.
Thank you for your interest!
-- David Beroff (david at note dot com)
Update: I've been asked to keep the discussion by PM,
so please do so in order to keep this marketplace a fair one.
You can also contact me by email. Thanks for your help here!
