Globes Online, a business pubication in Israel published a story and interview with, Mike “Zappy” Zapolin, one of the most successful domainers in the industry.
The interview covers many of Zappy’s success stories, like Diamond.com, Shop.com, Computers.com, Music.com, Insurance.com, Beer.com, Chocolate.com, Jeans.com, and Patent.com, along with Andrew Miller, with whom he created Internet Real Estate Group.
My favorite quote from the story is:
“In 2001, I wasn’t worried about the bubble, and I continued to buy domain names from companies that had given up on the Internet. We saw that situation as an opportunity, and the same is true today. It’s important that people neither panic from the recession nor make the same mistakes as in the previous crisis, and believe that nothing will work. They should seek out categories that can profit from the current situation.”
Mike “Zappy” Zapolin will speak at this year’s Israel Business Conference at the David Intercontinental Hotel in Tel Aviv, to be held on December 14-15.
Congrats to Zappy and add this story to your must read list.
That report is spot on – It’s important that people neither panic from the recession nor make the same mistakes as in the previous crisis, and believe that nothing will work. They should seek out categories that can profit from the current situation.”
I am missing something?
The article says Zappy sold few years ago beer.com for $7 millions to one of the biggest beers companies, and what I see in beer.com is a sort of parked page showing adult movies…
Or it’s simply intox?
Do not think so Francois. Clearly, there was no developed, lasting tangible “value”. $7M was not as bad though as the $1B Yahoo shareholders swallowed for broadcast.com. (Check that one out now). Mark Cuban must be proud of the “value” he provided Yahoo.
I like his videos on http://www.zappy.com
worth checking out!
Mike