NEW YORK, NY – You may have heard the news that a tremendous transaction recently took place. According to TNT Names, Donuts recently sold www.home.loans for $500,000.00. Wow, I missed the boat for sure. I just let Find.cars drop, crash and burn and lost $10,000.00 to count my chips and walk-away.
I probably could have sold it for half-a-million dollars in CASH, or could I? What a mistake that was. Or was it?
Considering the fact that this deal reflects the largest transaction in HISTORY, to date, for any new gTLD domain sale, I would be very interested to know if there are any reports out there regarding this transactions authenticity, those which are based on actual PROOF (such as transfer of funds).
This raises a significant question.
- Is it fair to doubt the legitimacy of a transaction such as this, or should it just be excepted at face value?
- Will others in the industry base large investment decisions on this record transaction?
- Should proof of this transaction be made public?
- Does the domain industry suffer from its own version of “Fake News” stories?
How does anyone know that this mortgage lead company, isn’t being valued at a million dollars, and Donuts was just assigned half of its shares?
Problem is…. we don’t.
When I first heard the news of this transaction, I went to one of the most respectable and rapidly updated industry news sites I could think of to see if this story had merit and was on a site I trust (one I now trust a little less). Call me inquisitive! The site was Domain Name Wire, and the story was in-fact there already in what seems to be interview format (that was quick), Entrepreneur pays $500,000 to acquire Home.loans domain name.
I placed my opinion in the comments there (because I had a comment) asking its publisher, Andrew Aleman my question above; how do we know this is a cash deal?
I went on to write that I just found it hard to imagine that any business person, even one with a great record of success, would drop half-a-million dollars on a new gTLD gamble. Unfortunately, that comment was deleted (very surprising), which makes me even more suspect. Why would you delete a comment that raises a fairly reasonable question in an area that is only there to allow reader commentary?
Keep in mind, there is the potential that many, many deals may transpire based on this transaction. Bets will be made and lost. We are in a time of a great-many questions. With the industries largest live auction just days away in Las Vegas, what great timing for this exceptional public relations gold-mine.
See you at NamesCon.
UPDATE: The comment on Domain Name Wire, which was originally awaiting moderation and then disappeared, now miraculously appears.
About The Author: John Colascione is Chief Executive Officer of Internet Marketing Services Inc. He specializes in Website Monetization, is a Google AdWords Certified Professional, authored a ‘how to’ book called ”Mastering Your Website‘, and is a key player in several Internet related businesses through his search engine strategy brand Searchen Networks®
Michael Anthony Castello says
This is exactly the reason I posted the story of my Whisky.com sale on dnjournal back in 2014. I put the Escrow document in the article showing the names and email addresses of those involved. Transparency is key. People are investing their hard earned money and need to know the truth in order to make sound business decisions. Be careful of manipulators.
Jijo Pappachan says
There are 1% domainers that are not liers and you might be one of that.
Chris Holland says
I would hope that most domainers could at least correctly spell “liar”, even if they don’t happen to be one.
Don Murray says
I would of bought Homeloan.com from owner for 500k much better deal IMO. People get one loan not multiple loans for a mortgage. So even at that .home.loan would of been better.
Kinda like Rocketmortgage.com they don’t brand Rocketmortgage(s)with the S. Transparency is the key like Michael Castello said. Maybe the deal is over 5000 years. ?? LOL!
You run a WordPress blog and you don’t understand moderation? You even have a little block on your blog that says how many comments have been blocked by Akismet. Your comment was never deleted. It was held in moderation by Akismet. As soon as a saw it I approved it.
Go back to reading Alex Jones.
(For the record, this was not some sort of stock deal. Anyone who reads DNW knows that I look into these things. I’ve called out companies for deals that were really trade or stock deals. It was an all-cash deal.)
Kevin Murphy says
Go back to being a stooge for the new gTLDs, Aleman!
Everyone knows “kismet” is a word invented by Horation Nelson, a well-known member of the Illuminati.
John Colascione says
@Andrew. Your article was published this morning with what seems a small flurry of comments soon after…. I placed my comment and it said awaiting moderation. I did some work and came back a little later and the awaiting message was gone and my comment was not there.. I then wrote this story, linking to your story, minus my comment. A little later someone tweeted me that my comment appeared; I then updated the article here. You must have left for a cup of coffee. Good thing WordPress let’s you either A) trash or b) permanently delete a comment, because trashing it lets you put it back. You are obviously a pretty trustworthy fellow. I should have known better than to question the all-mighty DNW (obviously it maintains the editorial stature of NYT). Have you ever heard don’t believe everything you hear? Anyway, I agree with Michael above.
And you’re right. I love Alex Jones 🙂
Eric Lyon says
I think every industry has its share of fake/manipulated news. The domain industry is no different. You just have to weed through it an pick out the ones with verifiable supporting evidence from credible sources.
GTLD = Good To Lose Dollars
Good one. 🙂
Why would anyone pay 500k for home.loans?
Because they can, simple.
You think the sale was real? How about beauty.cc $1 million sale?
Rod Tv says
Aliens stole my best domain names then probed them !
Peter NILSSON says
try to check here: http://sold.domains or Namebio.com and trust in the data. Dont use conspiracies.
.COM is the MOST memorable & marketed BRAND in History. No other brand or company has come close to the brand recognition as DOT COM and this guy who clearly sounds very naive by his comment, “what is a .com’s utility?” drops $500K right before NamesCON? Timing? Sounds like Namescon is going to be one big NGTLD Dump, their failing. Only a sucker would still invest in the Titanic as it sinks.
This Stinks so badly, it makes Hillary Clinton smell like a rose. Andrew, you are truly discrediting DNW by not providing PROOF of this.
This guys story is a complete joke too, it looks like he is a just a scammer. But any smart startup may choose a NGTLD to start because they can’t afford the .com, but they don’t spend anywhere near $500K.
This is a massive FRAUD and without Proof, your REPUTATION IS questionable!
Navneet kumar says
Being newbie, it was so embracing to know that the sales could be shown fake. I think there should be some sort of proof given. Domain itself is not having any such value, looks like promotional stunt.
what about gay.porn ? …seem to remember seeing somewhere that it was sold for 500K too?
John Colascione says
Nothing seems to ever surprise me in that niche believe it or not… I could actually see it happening on that one.
The timing of said sale is dubious but if it is genuine why would the buyer care if anyone believed it?