Face.com just announced that it sold Face.com to Facebook.com for an undisclosed price although TechCrunch.com is reporting the sale could have been as high as $100 Million.
“Facebook has acquired Face.com! ” according to Face.com blog:
“Our mission is and has always been to find new and exciting ways to make face recognition a fun, engaging part of people’s lives, and incorporate remarkable technology into everyday consumer products. If you’re anything like us, Facebook is a part of your life every single day. We keep up with our friends and family, share interesting (or mundane) experiences from our daily lives, and perhaps most importantly for us, we share a LOT of photos.
We love building products, and like our friends at Facebook, we think that mobile is a critical part of people’s lives as they both create and consume content, and share content with their social graph. By working with Facebook directly, and joining their team, we’ll have more opportunities to build amazing products that will be employed by consumers – that’s all we’ve ever wanted to do. 🙂
Now, lots of developers use Face.com technology to power various apps and make wonderful products. We love you guys, and the plan is to continue to support our developer community. If there are new developments you can expect to hear from us here, on the developer blog, and through our developer newsletter.
Thank you to all of our supporters, our amazing dev community, to our employees and to our friends and family who have seen us through many long days and longer nights. The next steps are going to be exciting for all of us.”
It’s a shame I let Face.com go for the price I did, but certainly a claim to fame! Just not a claim to riches 😀
Andy
Your saying you sold face.com to the current holder?
Face.com domain name sold in 2007, but I don’t know the sale price.
Mike, Andy’s story is here:
http://www.domainarts.com/2011/11/03/andy-booth-flies-high-the-story-of-his-domaining-success/
Michael, nope. Actually, I sold it to a well-known domainer (not sure I’m at liberty to disclose, so I’ll air on the side of caution and keep quiet). I believe he was then approached by a group and consequently entered into an agreement (the current owners) – so this domainer has also done quite well from the deal (although I’m sure he’d have rather taken back the domain :)).
It should be mentioned that Face.com was managed by John Berryhill’s trust account.
In other news, Mark Cuban decides to lose Facebook shares instead of losing ‘face’: http://www.nypost.com/p/news/business/mark_cuban_sells_facebook_stake_dbJtYPLARYc2z8tVycWm0O
Looks like it sold below 100M otherwise they would had to reveal the amount. They paid 1B for instagram, but only < 100M for face seems unfair.
^^ Andy – you played a high-frequency trading game so it was a collateral
Guys like Rich Schwartz would for sure not sell for less than 7 figs
Nice sale if it was anything over $50mm – very nice, indeed.
Sorry to hear that you sold Face.com Andy. Cool article about you. In my humble opinion, between Face.com, Celebs.com, LG.com, Indian.com, Face.com would have been the best long-term investment by a huge mile. At this point in the game, if you can get a hold of .com that is 3-4 characters and a very common and a very cool and positive word that people have a strong emotional attachment with; you only sell for retirement money.
Shoulda, woulda, coulda…you made a good sale back then, Mr. Booth – don’t let these guys try to make you feel like you missed out on something.
Let’s see – Zynga opens trading – and goes to around $8 – well below the $10 ipo price then on drawsomething.com aquisition speculation it trades at up to $14+ , and then it craters to less than $5 a share when that bullshit dries up.
So now facebook opens trading and within a month goes to $25 – well below the $38 IPO then on face.com aquisition speculation it trades at up to a whopping $30 a share , and then it craters to ???? when that bullshit dries up.
DeJaVuAllOverAgain.com
Thanks for the comments. I couldn’t have afforded to hold it back then given my strategy and I can’t really say that I regret selling it. I’m happy for those that did well from it (every subsequent owner). Now its end user has been found.
They really wanted to own the face TM
Hello Michael ! Good Day To You
We find FB to be a particularly Invasive disease that can be contagious. We have boycotted FB ever since my daughter initially recod. to me. Photos with easily manipulated text is not particularly healthy to anyones heal;th or BRAND. AVOID LIKE THE PLAGUE if you know what is good for you!
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)