Mike Mann announced the sale of SPCM.com Purchased 10/9/12 $409, and sold for $49,950. Newer domain name investors think, wow, why? Just a chip, not pronounceable.
None of that matters when you have all the most important domain dynamic in place, a deep pocketed buyer with a real name for those four letters.
The buyer is ORIX Corporation, listed on the New York (NYSE:IX) Stock Exchange.
They purchased it for Signal Peak Capital Management (“SPCM”), their leveraged credit team.
Mike certainly got a great price and that was in part because a deep pocketed buyer really wanted the domain name. I mean this name sold for $409, just 8 years ago.
The two letters at the end of LLLL matters most.
The correct title should be something along those lines: “100K renewals, 100K acquisitions, turned to $49,950”
The numbers mentioned are useless without context. Mike runs a business with hundreds of thousands of domains that have to be renewed and will never sell, in order to catch some sales like this one.
Outbound sale?