According to TechCrunch.com the site SocialMedia, was purchased today by LivingSocial.com for $3 million, all in LivingSocial stock.
“SocialMedia’s biggest asset today is probably its domain name.” said TechCrunch.com
Interesting to see that a company that raised millions of dollars in VC money at the end of the day’s most valuable asset is its domain name.
That sounds very interesting. I wonder if more startups will start to trend in this direction.
$3-million was a bargain for this asset. Interesting, indeed.
again, again, again, and again, it’s clear that VCs prefer to invest in gambling-like startups, that, they believe, may become big and valuable like Google or Facebook, but they FAIL over 99.9% of times in their attempts!
“SocialMedia’s biggest asset today is probably its domain name.”
That´s indeed interesting considering some predictions that social media may make domain names obsolete. (But Facebook, Google, Amazon and others have been buying recently.)
@ Good Domain names
It will be at least 10-15 years before domains could even possibly become obsolete. Until a better doorway is found, there is no chance. A domain is like a house address. I believe most people don’t want to be put in the land of number obscurity. Loss of an identifying factor and all. Think about your home address. Who wants their home address to be ghjturyetdhfj?!
“It will be at least 10-15 years before domains could even possibly become obsolete. ”
it will never happen, while I believe (and hope) that all http www and TLDs will be no longer necessary, someday
2011 will be the year when everyone finally wakes up to the importance of domain names!
It is a great domain, no doubt.
On a side note, yesterday got offer for SocialCasino.
Just proves, that ‘social’ is getting very popular these days.
Hopefully this pushes other big brands and sites to follow suite to then also invest in some quality domains.
SocialLife.com hits Auction today http://bit.ly/fzsQNv