Social.com $2.6 million

Pred · Jun 22, 2011

congrats Blueskies (acorn and dnf member!)

you're a millionaire!
http://www.dnjournal.com/archive/low...s/20110621.htm

sold for $2.6 million
a UK buyer 8)

http://www.acorndomains.co.uk/domain-appraisals/14119-social-com.html

now, spend some money on this forum!

Aegean · Jun 22, 2011

Wow, brilliant. Perhaps Blueskies, if you don't need the extra $600,000 above the $2m, I could assist?

Well done, it must feel great.

retired_member21 · Jun 22, 2011

Awesome

What a fantastic sale and also great reading back on the earlier appraisals/threads estimates of £50k-£150k

Just goes to show the boom in the sector

AuthorityDomain · Jun 22, 2011

Great sale for a great domain. Shows that keeping it longterm was a wise decision. Would have been kicking yourself if it sold 4 years ago for 50K

doma1n · Jun 22, 2011

sale

Fantastic Sale...
Just shows if you hold out for the right buyer...
Great name also..Like to see development.
Maybe a social network site to challenge facebk
Best of luck to both parties

aZooZa · Jun 22, 2011

Sooooo sweeeeeeeeeeet. Congrats indeed!

BREWSTERS · Jun 22, 2011

Makes you wonder what names valued at $50-150k today will be worth $2m+ in 3 or 4 years time.

Congrats Blueskies (if you ever return and read this). Best hand reg you've made or do you have any others from back then?

KarlM · Jun 22, 2011

Wow life changing amount of money there

accelerator · Jun 22, 2011

Really good to see a sale of this magnitude which once received an appraisal on Acorn.

Congrats to the seller.

Blossom · Jun 22, 2011

It's made TechCrunch http://techcrunch.com/2011/06/22/social-com-reportedly-sold-for-2-6-million-whos-the-buyer/

hal · Jun 23, 2011

Congrats to BlueSkies.

Some classic quotes from the appraisals thread in 2007:

This is my first time selling a domain.

- BlueSkies

LinkedIn ?? what is that?

Bailey · Jun 23, 2011

Great to see and read a domain sale that has some discussion history here on Acorn. Wouldn't we all love to see the hardcopy of the negotiation history ? Now that would be an insight worth having

wb · Jun 23, 2011

I suspect it wouldn't be that much of an interesting negotiation. According to the TechCrunch article it already had a bid of $2.5m at the recent auction but the $5m reserve wasn't met. On reflection after the auction they probably decided it wasn't a bad offer at all and only needed pushing a little higher.

Will be very interesting to see how it gets used though, especially with it apparently being a UK buyer.

Bailey · Jun 23, 2011

Cheers WB.

There's a lot to be learnt from others sale negotiations, Even those of us that are comfortable with our own skill-set would love to be able to negotiate the next sales curve cleaner (so to speak).

Not to be in this case

markb · Jun 23, 2011

Thats a great sale. Its amazing it sold for so much. I thought .co.uk domains where worth roughly 1/10 of a .com (as a rough estimate), I dont think social.co.uk would be worth anything like $260,000.

The prices som of these .com domains go for is amazing.

Bailey · Jun 23, 2011

markb said:
Thats a great sale. Its amazing it sold for so much. I thought .co.uk domains where worth roughly 1/10 of a .com (as a rough estimate), I dont think social.co.uk would be worth anything like $260,000.

The prices som of these .com domains go for is amazing.

Indeed, it's a Whole different World. I'd always imagined the UK market to just be a smaller verision of the .com world I'm more familiar with. The differences, however have been simply mind-blowing to me.

I sometimes have to remind myself that we are discussing the same internet. I've literally only just become accustomed to switching between mindsets when working in the two domain areas.

binny · Jun 23, 2011

Sigh of relief re-reading that original thread and confirming that I hadn't posted 'Regfee!'

wb · Jun 23, 2011

Bailey said:
I sometimes have to remind myself that we are discussing the same internet. I've literally only just become accustomed to switching between mindsets when working in the two domain areas.

I have never dabbled in any gTLDs (and to be honest, haven't got plans to either) but out of pure interest I wouldn't mind reading your own synopsis of a comparison between the markets.