Thoughts

Andrew Miller

November 10, 2024

Serendipity

In March 2023, I and Hilco Digital Assets with larry fischer sold the Chat*com domain name to Dharmesh Shah, who at that time, prevailed over OpenAi in securing the asset. A short time thereafter, Dharmesh announced he had sold the name to a buyer that remained top secret until this week, when it was announced that, alas, OpenAi acquired the domain and it was now pointing, as it should, to ChatGPT. When the news broke, it became breaking and hot news, so much so that a trio of posts (Sam Altman, Dharmesh and mine) was the top story on Linkedin News, https://lnkd.in/ebYgCNji. There are a fewimportant  takeaways from all of this. First, the most important category defining or exact match domain name assets are so strategically important, so valuable, and due to the fact there is only 1 category .com, so rare, that time and time again, the most proven entrepreneurs in the world, Sam, Dharmesh, Elon (X*com), deeply understand the significance across all facets of the business. Secondly, the investment in an ultra-premium domain, with patience, is as good of an investment as any asset class. Dharmesh was able to secure this for Openai anyway, and come out of this with coveted stock in the most valuable new company on earth.

More To Come!

With that in mind, we continue to be in late stage negotiations on several more category-defining domain transactions that will close and be disclosed before the end of the year and into Q1. For all of the domains we own or oversee for sale, visit us at https://lnkd.in/e6V-QDgh and reach out to discuss any that might pique your interest.

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