However, in chatting with the buyer since then, he tells me that they got offered a substantially higher price to part with it – but they declined as they had plans to turn this into a business with huge possibilities. And it wasn’t just one prospective buyer they had offers from either!
The buyer has an excellent track record with start-ups, so I can understand why they declined.
I’ve kept my eyes on the site, but up until recently, it has just been a “coming soon” lander.
But now, the site is in “beta”, and it is starting to look good.
In chatting with the buyer this morning, he tells me they hope to be fully functional by June. He also confirmed that they have had a lot of interest from both institutional investors and SME’s.
Moral of the story
If you are a good operator, this is what a premium domain name can do for any business.
Gravitas and credibility!