business.com increases in value 2300 times in 10 years
There are some truly fanatastic figures being paid for .com’s at the moment. Take just one example:
Business.com’s partial sale history:
$150,000 in 1997
$7.5 million in late 1999
$345,000,000 this month (July 2007)
That is a 2300 times increase in ten years — i.e. it has sold for 2400 times its 1997 value after 10 years … shame I never got into domains at the time!
Don’t forget that this is not only a domain name that is being sold. The company behind the site forms part of the valuation. It employs around 100 people and is on-track to generate $50 million in revenue in 2007. Taking into account future appreciation in value this looks like pretty good business.
Non je ne regrette rien - (if only!)
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