Did Elevate.com Sell for $230,000? | DomainInvesting.com
101 Domain

Did Elevate.com Sell for $230,000?

4

Elevate.com LogoElevate Credit, Inc. went public last month, and it now trades on the New York Stock Exchange under the ELVT ticker symbol. The company operates on the exceptional Elevate.com domain name.

I came across the company’s Form S-1 filing, which was made in advance of its initial public offering. One line item caught my attention. On page F-7, the company reported a “Domain name acquisition” in the amount of $230,000 in 2014. Could this be the acquisition of Elevate.com? I do not know for certain because the specific domain name is not mentioned in the line item, but it seems like this is plausible.

In looking through the registrant history of the domain name using the DomainTools Whois History tool, it looks like the Elevate.com domain name was registered to a company in Tempe, Arizona in February of 2014. A month later, in March of 2014, the domain name was registered to Elevate Credit Service, LLC. The domain name then went under Whois privacy protection.

I looked through my email history, and I see that a domain broker mentioned it in a newsletter in 2013 without an asking price. Interestingly (perhaps), I see that I referenced the domain name in a 2015 email to a different broker at the same domain brokerage, and he mentioned that it had been sold the prior year. I am unsure if that brokerage was involved with the sale, but I would assume a NDA was in place because there is no public record of a sale of Elevate.com in NameBio.

If Elevate.com was the domain name referenced in the S-1 filing, it seems like a really reasonable price for a domain name of this caliber. Looking at the DNJournal publicly reported domain name sale chart from 2014, a $230,000 sale would have tied with the sale of Cute.com at #32 on the list.

To try and get confirmation about the domain name acquisition yesterday, I reached out to a representative of Elevate via phone and sent an email to the investor relations contact. I also sent an email to the former registrant to ask if Elevate.com sold for $230,000. Unfortunately, I did not hear back, and I presume I will not receive a public confirmation.

It does appear that Elevate.com changed hands in 2014, but it is not certain that this is the domain name mentioned in the filing. The company used the singular “domain name acquisition,” but it is possible that more than one domain name acquisition is included in the line item. I will share an update if I hear back from the current registrant or the former registrant.


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 sold seven figures worth of domain names in the last five years. 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 | Email

Comments (4)

    Jamie Zoch

    Nice find Elliot and thanks for sharing!

    I think you hit the nail on the head!

    May 9th, 2017 at 3:15 pm

      Logan

      Yes, nice find — your domain name sleuthing skills have truly “elevated” to Jamie Zoch levels! 😉

      In reply to Jamie Zoch | May 9th, 2017 at 4:53 pm

      Elliot Silver

      Jamie is great at sleuthing 🙂

      I tend to limit my sleuthing to domain names I want to buy.

      May 9th, 2017 at 4:57 pm

    Joseph Peterson

    I pitched Elevate.com to a naming client back in 2013, but it turned out to be outside budget.

    May 12th, 2017 at 10:35 pm

Leave a Reply

Name *

Mail *

Website