Rick Schwartz Sold Teem.com
Earlier today, George Kirikos tweeted about a $13.5 million round of funding for a company called Teem, that had previously been known as EventBoard:
Teem (formerly EventBoard) recently raised $13.5MM, so it’ll be interesting to see how much went to the domain https://t.co/i2MTqAnFkv
— George Kirikos (@GeorgeKirikos) October 17, 2016
George also mentioned that the company acquired the Teem.com domain name from well-known domain investor, Rick Schwartz:
Rick Schwartz sold https://t.co/Urax4kUZwK domain name to EventBoard, for “cash + equity” according to https://t.co/hQ5oUTReqT homepage. https://t.co/kD1i6cSg0f — George Kirikos (@GeorgeKirikos) October 17, 2016
On Rick’s DomainKing.com website, he mentioned the sale of Teem.com, stating “Soon I will be announcing another deal for Teem.com, in which there is a cash and an equity component.”
I reached out to Rick to see if he could comment on the deal, and he said he could not share any details about the deal terms. Commenting on the company’s acquisition of Teem.com, Rick told me that “This is a great example of a company that wishes to grow and in doing so understands that one of the steps in that process was moving from a longer .io extension and upgrading to a short, memorable and brandable .com extension.”
Rick also told me that he is “happy to be part of another Internet start-up.” As you may know, Rick previously sold Candy.com, and I believe that he still owns a piece of that company.
Rick knows domain names better than just about anyone, and his foresight enabled him to buy some of the best domain names that are in demand by businesses throughout the world. He has had a knack for buying the right domain names and selling some of them for great deals.
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