28 Apr '18, 5pm

@gd_names No,

enormous value of a great domain name in building a business, Siminoff does it in those five minutes. Siminoff revealed that in 2014, with his company then known as Doorbot , he only had $187,000 in the bank when he approached the owner of Ring.com (then privately held by a Minnesota doctor). When the doctor told him the price Siminoff said "I don't have a million dollars but I will give you $187,000 now and another $825,000 in two years for the domain" (which would be the $813,000 balance and an extra $12,000 in interest). The doctor accepted and Siminoff lived up to his word (we have charted the sale on our 2016 Top 100 Sales Chart - at #5 - since that was the year the final payment was made).

Full article: http://www.dnjournal.com/archive/lowdown/2018/dailyposts/...

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