22 June 2007

Funny Old Business.com

This is just a test to see if anyone's awake, right?

Entrepreneurs Jake Winebaum and Sky Dayton were widely mocked for lavishing $7.5 million on a single Internet domain name -- business.com -- back in 1999. It was the single highest price paid for a domain name at the time.

Now look who is having the last laugh.

The company that grew out of business.com -- a search engine used by businesses to find products and services -- is now on the auction block, and could fetch anywhere between $300 million and $400 million, according to people familiar with the matter.

Me, it was me: I mocked back in 1999, and guess what: I'm mocking now, even more - about 50 times more.


Anonymous said...

A pity you didnt buy it then.Still it might have made you unhappy.p

Anonymous said...

Yeah, just because each fool has so far managed to find a 'greater fool' does NOT mean they aren't fools. At some point the party ends .

Glyn Moody said...

Well, that's my view too - but with money like this flowing around I sometimes wonder if it's not me that's the fool.....