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I just went to Namebio and sorted it date wise in ascending order. Here is what I see:
You'll see a lot of sales in 7, 6 and 5 figures, predominantly 7. But as you move to 2002, the sale starts to get in 3 figures, directly from 5 figures. Maybe either Namebio didn't record small sales earlier or some other reason, but you see some of the best domains and how they were sold even in 1998s at hefty prices (given the time value of money).
Someone observed a similar sale or a list of it, and got involved, maybe - Rick Schwartz is who I am talking about.
But the point being, he invested in .COMs even though he had the option to invest in a number of extensions. And he held on to it. Which is what I believe is the masterstroke.
1) Deciding to invest
2) Buying premium .COMs
3) Holding them for 10 - 20 years and waiting for the right offer.
What's your recent insightful observation?
You'll see a lot of sales in 7, 6 and 5 figures, predominantly 7. But as you move to 2002, the sale starts to get in 3 figures, directly from 5 figures. Maybe either Namebio didn't record small sales earlier or some other reason, but you see some of the best domains and how they were sold even in 1998s at hefty prices (given the time value of money).
Someone observed a similar sale or a list of it, and got involved, maybe - Rick Schwartz is who I am talking about.
But the point being, he invested in .COMs even though he had the option to invest in a number of extensions. And he held on to it. Which is what I believe is the masterstroke.
1) Deciding to invest
2) Buying premium .COMs
3) Holding them for 10 - 20 years and waiting for the right offer.
What's your recent insightful observation?
