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Marchex Sells MyDeals.com To MindWork Labs A Company That Just Raised $750k

Posted on June 28, 2012
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According to a Press Release, Mindwork Labs bought the the domain name MyDeals.com, for an undisclosed amount from Marchex (Nasdaq: MCHX)

The release goes on to say that Mindwork, also just got an investment of £500,000($750,000)  “from leading UK entrepreneur Mark Pearson to develop a global deals website and marketing platform.”

“The partnership will reunite Pearson with Tom Packer – Founder and CEO of Mindwork Labs; the two worked together for several years previously on MyVoucherCodes.co.uk, the UK’s number one website and mobile app for vouchers, deals, discounts and offers and will be hoping for similar success this time round with MyDeals.

“Customers have become fatigued by inboxes full of irrelevant offers.MyDeals.com will give each member more control over the deals they see and the notifications they receive, while learning which offers are most desirable to them.”

“Additionally, the site will detect the member’s geographic location at the country level—with region and city detection to come—so the users can take advantage of offers as they travel without having to visit different websites.”

“The website will also maintain a highly transparent privacy policy, granting members complete control over what, if any, of their personal information is stored by the website.”

 

9 thoughts on “Marchex Sells MyDeals.com To MindWork Labs A Company That Just Raised $750k”

  1. Mike Mann says:
    June 28, 2012 at 9:32 am

    is that news with no domain price? maybe it was $100, not newsworthy

  2. Street kid says:
    June 28, 2012 at 9:59 am

    Mike, the effort you put forth to bring us information regularly is very much appreciated. And it’s news. And also worthy.

  3. strange setup says:
    June 28, 2012 at 10:09 am

    Not newsworthy, another junk spammy voucher code site. more of an ego boost for the investor and another failed startup from tom, same stuff different day. little imagination & absolutely nothing new or exciting

  4. Andy Booth says:
    June 28, 2012 at 10:27 am

    Marchex doesn’t sell cheap. IMO this is a clear high five-fig or low six-fig deal. Nice sale, and an excellent domain.

  5. Andrew Rosener says:
    June 28, 2012 at 10:27 am

    This is exactly what we built with DX.com but we got bought out too quickly so never got to really prove the business model…

  6. Richard says:
    June 28, 2012 at 11:10 am

    Thanks for posting Mike, I would have thought this domain was developed without visiting it. People/customers like customized things, anything their own, fitted to their needs. MyDeals.com is great domain for a great idea. Good luck to the new owner.

  7. Tom Packer says:
    June 28, 2012 at 11:16 am

    Hey Guys, thanks for the post & the comments. I just wanted to point out that the site that is there today is a long way away from our final aims – We took the better to have something live than nothing live approach – But things will be changing fast!

  8. Tom says:
    June 28, 2012 at 1:05 pm

    I would say they paid about 50K for this one…

  9. Randolf says:
    July 27, 2012 at 11:47 am

    The leading german deals aggregator is called mydealZ.de and they bought mydeals.de at some point. I would’ve expected Fabian Spielberger to pick-up this domain name…

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