According to Term Sheet, Runnable, a Palo Alto, Calif.-based “centralized location for finding code,” raised $2 million in seed funding.
Sierra Ventures led the round, and was joined by Resolute.VC and individual angels.
The domain name Runnable.com was acquired for a whopping 2,000 Euros, a year ago through Sedo.com which equates to less than $2,500.
I have said it before but do NOT sell your brandable domains cheap.
This is another is what is becoming an endless amount of posts talking about VC backed company’s bulidng their brand on a domain they bought for pennies on the dollar.
I’m not saying the domain holder could have or should have asked for millions of dollars for this domain but come on guys don’t sell these for less than $25k.
” come on guys don’t sell these for less than $25k.”
Easier said than done!
i think you’ve forgotten what its like to be an average domainer who has to make sales every week to keep on going.
There are way to many brandables and way to many ways to create variations on brandables to ask 25k for these type of names. It is easy to ask 25k when your inventory is 75k domains but when you are in this game to flip a portfolio of 500-1000 names you have to ask in the sweet spot which is $1500-2500. This is why we see sales over and over again in this range. Especially names that were not registered many many years ago.
” come on guys don’t sell these for less than $25k.”
There are couple of things about it…
1. how does one get second opinion of the value of their domains? Estibot and other tools are complete BS.
2. I have tired reaching out to couple of so called famous brokers and domain experts but most of them don’t even respond.
3. it’s easier to comment after the sale is done.
I don’t exactly consider runnable to be a brandable, despite the rhyme 😀
It’s a dictionary domain alright. Why it was sold so cheap? Because its former owner from Korea is a domainer, not a brand developer.
When selling domains, you have to investigate what would they possibly be used for and price them accordingly.
This is a tough one, if you get a blind offer via sedo for 2,000 EUROS, you got to give it some thought, do you counter with a 20,000 EURO counter, or attempt to?
This is why FIXED PRICING SUCKS! If you walk on this offer, will you ever get another offer like this again, it is really mind games you play on yourself, there is no perfect forumla, other than screw over 10 solid deals to get 1 homerun if you are lucky. I can’t really fault the buyer, I am sure they got a good return, money left on the table for sure, but it is like seeing into the future.
@cmac
I have to make sales too
I’m not a guy that sells a domain every couple of years for 7 figures
Doesn’t mean you have to give them away
@Mobile
Listen if you don’t know what a brandable domain is without asking someone then your in the wrong business
But if you look from a buyer’s perspective, the buyer at the time may only have a small budget before the VC rounds. The buyer also has the option to buy another name,
I have told buyers to come back after VC rounds, and have also sold domain names for $$$$. It’s a tough call.