4 ms·
I just want to know how much the domain cost.
by aizk 1mo ago
I just want to know how much the domain cost.
- fragmede 1mo agoand who owned it. Cisco, from the first Internet boom could have wanted that.
- deleted 1mo ago[deleted]
- latchkey 1mo agoLess than $7B.
- Jfrydman 1mo agocan confirm, was less than $7B
- zackfield 1mo agostory here https://domaininvesting.com/ramp-acquired-router-com/ https://domaininvesting.com/ramp-acquired-router-com/
- scientifik 1mo agoBut no price.
- reticulates 1mo agoThe domain was previously owned by Innovation HQ (innovationhq.com) who own tens of thousands of domains, some of the best in the world (they sold robot.com not long ago, owns/runs whatismyip.com). Innovation were asking ~$5 million for it earlier this year. Given the huge money flowing into AI router projects, I expect Ramp paid very close to asking, or perhaps a little more. So, $5 million +/- $1 million is my guess. I assume Ramp will announce the price in a few weeks to generate some more press for the project.
- dvaplima 1mo agoI wonder if more companies use web domains as "investments" aswell
- sparkling 1mo agoDomains investors (or squatters, as one may call them) have been around since the beginning of domains.
- reticulates 1mo agoI think you mean landlords, not squatters. Squatters are the people who occupy owned property without permission, landlords are the people who hold property, do nothing, and collect profit.
- embedding-shape 1mo agoIn the context of domains, a domain squatter would be more like someone who holds and keeps a domain without any intention of actually using it or taking it knowing someone else might have use of that exact name, they just want to sell it later for more money. In real-life I agree with your definition though, I guess it not 100% comparable, bad name that got stuck.
- tough 1mo agoDigital piracy has little to do with real life piracy and yet the naming stuck too somehow
- hanuffs 1mo agoDomain trolls. Similar to patent trolls that buy patents only to resell or license them.
- reticulates 1mo agoThere are domain name investment companies, yes. HugeDomains owns over 5 million domains! As for product companies, like Ramp, buying domains as an investment is generally a terrible idea. Domains are not liquid, the (hypothetical) $5 million that Ramp paid is not a price Ramp could achieve when selling the domain tomorrow. The previous owners owned Router.com for over 20 years before Ramp came along, willing to pay a lot of money for it. Sometimes a company will buy a domain, use it, shut down whatever it was, then end up with the domain on their balance sheet for years, even decades, before someone tracks them down and offers to buy it. In those cases, the company can make money off the domain, but for every time that happens, there’s thousands more domains on balance sheets that nobody wants to pay a good amount for. More broadly, domain name investors make their money by buying lots of domains and holding them over the long term, making their money from the very small number that sell. Part of why good domains are so expensive is that 1 sale needs to cover the cost of hundreds of even thousands of other domains that don’t sell.