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The price they paid was $181k in Series A stock. The return to the investor after the company sold was something like $2 million. http://thinkvitamin.com/aside
by staunch 16y ago
The price they paid was $181k in Series A stock. The return to the investor after the company sold was something like $2 million.
http://thinkvitamin.com/asides/aaron-patzer-on-how-to-take-your-start-up-to-the-next-level/ http://thinkvitamin.com/asides/aaron-patzer-on-how-to-take-y...
I think that's actually somewhat low as a dollar figure for the domain. It probably could have been sold for at least $300k in cash. Having Ron Conway and First Round Capital as your investors probably gets you better deals.
- patrickk 16y agoOops. Thanks for that correction. Hadn't seen that figure quoted anywhere in relation to their purchase of the domain before.