Domain Investing: “Weird, Arcane and Occasionally Profitable”
There’s an article about domain names that I found interesting on NorthJersey.com, an online publication covering northern New Jersey news and people. The article is primarily about the sale of 45.com and the story behind it, which is described as “a window into the weird, arcane and occasionally profitable world of Internet domain names.” The former owner of 45.com is Glen DiGirolamo, who is from Wayne, New Jersey.
I’ll let you read the article for yourself, but I thought it was pretty neat how DiGirolamo was able to come into possession of the domain name, and how he stuck to his asking price to make a solid profit on the sale. I don’t really agree with the author’s description of the domain business being weird or arcane (maybe 10+ years ago), but it was interesting to read.
Do you have any similar stories about acquisitions or sales that you’d like to share?
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