Most deals that I work on require complete silence due to NDA’s. As such, almost all transactions and negotiations are not reported or discussed by me. However, I do get unsolicited offers that do not bound me by those restrictions. I thought I’d share one that we turned down and get your thoughts on it.
Anything.com owns both VR.com and VirtualReality.com. According to Techcrunch, Virtual Reality is To hit $150 BILLION and disrupt mobile by 2020. Other well known deals in VR includes Facebook’s acquisition of Oculus VR, and Google’s investment in Magic Leap.
This List of startups in the VR world just on angel list includes over 200 companies with many VR firms hiring for VR related jobs.
The offer we turned down was in the 7 figures. One broker I discussed this with yesterday thinks the right firm could pay upwards of 50 million USD for the pair. Is that possible? As I’ve learned with almost 20 years in this business, anything is possible. If you have some thoughts, Please LMK.
It’s possible if they get developed.
vr.xyz and virtualreality.xyz can be had for prob like 100k for them both !!!
:p
With the plethora of different domain extension spring forth…it might be a bit difficult. Google is using..xyz for their new company.. the pair should sell for $10million now
Send them my way I’ll sell them VRTelevision.com for 5% of what they offered you and give you 20% commission and still be happy 🙂
I cannot give you advice on the price vr companies are willing to pay, but you can’t get better than VR.com and VirtualReality.com!
But I do believe virtual reality related domains will keep increasing in value as more vr startups are created, major companies release vr products, and the consumer/commercial adoption curve goes parabolic.
I’m very happy to have been able to register Virtual.World, Virtual.Life, and several other domains that I prize very highly.
Congrats again on VR.com and VirtualReality.com!
thanks edward and good luck with your domains.
thanks for the offer Koosah.
I agree that some developed sites sometimes add to the valuation. However I think a better play on these is for a startup to buy and use as their corporate brand.
Easy to say: “I Just turned down a 7 figure offer” when you don´t give further details. I don´t belive today somebody turns down a 7 figure offer. (I suppose it was for a .COM domain name). Maybe in 10 years Virtual Reality will be a big thing, not sure about the .COM extension. If you had 20 years experience in domaining you never, ever post this. I also turned down a 8 figures offer for one of my .XYZ PREMIUM domain names. This is just amazing. Nobody will beliewe this.
Marian,
I’m sorry to disappoint you, but yes, the offer was 7 figures and yes it was turned down. The extension i’m discussing is .com.
I’m sorry you find it hard to believe. obviously you don’t know me.
Sorry but have got to agree with Marian on this, it doesnt take much to say that you turned down a 7 figure offer, actually proving it is a different story….
Marian,
I assure you the Anything team turns down offers of this on more than rare occasions.
Eager to see how the domain pair ends up!
Aron
I’m not sure which group has turned down more 7 figure offers . . . Larry and his team or Scott Day ? Both have top notch domains.
The commenters here don’t seem to know who they’re dealing with on this blog . They must be too busy to learn a little domain history because they’re out registering .xyz domains.
corey,
I understand but i said i’m sorry if you dont believe, but my background is in high end sales and domain monetization. I cofounded Smartname.com which was sold to namemedia (now owned by Godaddy). I also buy, sell and broker Generic domains along with being a portfolio owner.
Thanks Aron. I guess the new generation of domainers dont know me since I stay under the radar.
Adam, thanks for the kind words.
I don’t know why all you guys don’t believe somebody could turn down 7 figure offer. I believe and with combo VR in com very easily , especially when somebody is not dependable on the offers coming from time to time.
BTW. is StockExchangedotTV generic DN for you ? I am looking for decent broker
Thank you Robert. I am mostly brokering high level generic .com’s so I must decline.
than I can offer just as much “power”ful generic com as possible ,even it is future trend DN as VR : FusionPowerPlant ,-)
May I ask when have you acquired the combo DN VR and VirtualReality , is it more than 10 years ? Or you are the original registrar ?
i believe both names have been owned since the mid -late 90’s.
If it was closer to $1 million first offer, probably not worth selling.
If it was closer to $10 million, should be selling.
The LL by itself is at least a half million domain now.
The top reported domain sales of all time were just over the $10 million range (low 8 figures) and were short keywords in multi-billion dollar industries too, so it depends on if it was a low or high 7 figure offer. If VirtualReality.com and VR.com are worth $50 million, then what is Sex.com, Hotels.com, Fund.com, Z.com, Porn.com, FB.com and Toys.com each worth? Which all sold in low 8 figure range.
A company getting into Virtual Reality doesn’t necessarily need these .com domains, they will want to create a brand name they can trademark, and market it to make it synonomous with virtual reality. Having the domains wouldn’t hurt but isn’t totally necessary. Much like a hotel chain not owning hotels.com, or a phone company not owning phone.com, they still manage to get by.
I’d say a low 7 figure sale for the pair would not look out of place.
I turn down $2 offers……
Great blog, first time visitor here. I had to check and see if this portal was in fact about domaining based on the comments some of these visitors left. Any talk of .xyz is just plain ignorance to marketing and the basic mentality behind using .COM. The only reason why Google chose a .xyz was because it had to do with the Alphabet and its a holdings site, not a site intended for public consumption. In addition, Alphabet.com was also taken and in use by another powerhouse company that wasn’t as naive as Nissan who sold Z.COM for 7 figures. As for the domains VR and VirtualReality, it really depends what the 7 figure offer was. If you are talking 9mil then I think that it’s an offer to truly be considered. 50 mil is a bit lofty, but records are meant to be broken! If the owner has no development plans, then I think a high 7 figure low 8 figure offer would be suitable based on recent public sales. Any way it works out, it’s going to be a monster sale. VR is huge right now, and I post a list of VR drops on my site, in addition to some of the recent sales in the nice.
Rob,
I agree the $50 million dollars the other broker mentioned seems slightly high. Any domain that is offered at 10 million is worth considering strongly. However, considering the industry and players in it, I do believe a much, much higher price is market.
Good way to look at it Raymond.
Joe,
Thanks for reading and commenting. Either name could be an 8 figure sale by itself. If a sale happens with both names together, it would have to be for a record price.
I am selling VirtualRobot.com
Any offers ? contact in whois
Google using a .xyz has nothing to do with the current and future status of .com. abc.xyz is a parent company that from what I read will not do much apart from assist all its member companies (ie google) and so will not a a web presence apart from investor links etc.
VR.com I would myself price this around the 8million mark in the current market. The future could be bright, the future is VR.
Hello,
I truly feel that you did a great job by declining 7 figure offer. VR.com and virtualreality.com are great domain name and looking at the future prospect of the industry, I feel you took the right step. Let the industry mature and I am sure you will get the best for the duo.
Congrats and all the best.
I have a domain name StripNude.com which I feel is worth a lot in adult industry. I am not expecting great offers like 7 digit, but I am looking forward to sell it to a business who is serious in this field and looking to offer decent price. I am not sure if you would be interested in helping me sell this domain name. I am assuming you deal with high priced domain names. But surely I feel you can direct me to a some other domain broker (if it doesnt interest you) who can help me sell it. Iwould aappreciate if you can help me out.
Thanks,
Prashant N.
Surprised this post hasn’t had a comment for 9 months now especially with VR so prominent in the news today.
$50 million seemed high last summer but in this industry its certainly possible now considering the major players into it.
vr / virtual reality is on par or will be bigger than cellphones some day so these 2 domains are the numero uno for any domain in this niche obviously, period!
Ive started a VR domain sales platform based on posts like this one which I read last year and acted on so thanks for helping me to get involved!
cheers!