NameStarter.com :: domaining business blog // Domaining for Domainers

Archive for the ‘mint.com’ Category

Mint.com Mints Millions for Domain Seller

September 18, 2009business.com, Domain Sales, Domaining, Domainnamewire, mint.comComments Off on Mint.com Mints Millions for Domain Seller

Mint.com domain name sale worth about $2 million.

Mint.com
Mint.com Domain Name sale about $2.M

Hite Capital sold the Mint.com domain name to the recently sold finance web site for equity a few years ago. It has paid off, according to an article by Michael Arrington on Tech Crunch.

…Mint gave a “substantial” amount of Series A stock to Hite Capital in exchange for the Mint.com domain name. That stock was worth a “couple of million dollars,” says one source, after the acquisition.

Not bad. For Hite Capital, selling a domain name for equity paid off. (It’s not clear if there was cash involved in the transaction as well.) But selling a domain for equity doesn’t always work out as planned. One high profile case is Business.com, which Marc Ostrofsky sold for $7.5M in 1999. But that wasn’t cash; it was equity. And according to the buyer, it ended up redeeming that equity for only $2.0M in 2004.


© DomainNameWire.com 2009.

Review and rate domain name parking companies at Parking Judge.

Related posts:

  1. Business.com Confusion Spreads Across Web
  2. Porn.com Sells for $9.5M Cash
  3. Landmark Business.com sale: “only” $2M