27 Mar '11, 3pm

Domain Name Wire » News » Norwest-Backed Startup Buys BlueJeans ...: Blue Jeans Network pays six figures for ide...

Blue Jeans Network pays six figures for ideal domain name. Last week I wrote about how a startup with $41M in backing from venture capital heavyweights Sequoia and Bain Capital bought Color.com for $350,000 . Now comes news from old school domain investor Garry Chernoff of a similar purchase by a VC-backed startup. Chernoff sold BlueJeans.com to Blue Jeans Network for $150,000. The company provides cloud-based communications services and is backed by Norwest Venture Partners. This purchase is similar to Color.com in that both companies have “branded” domains that otherwise wouldn’t be used for similar purposes. Blue Jeans Networks keeps its main site at BlueJeansNet.com, but also owns BlueJeans.net — a domain name it appears to have purchased in January. You can learn more about Garry Chernoff’s incredible story in The Domain Game . Related posts: Sequoia and Bain Capital-...

Full article: http://domainnamewire.com/2011/03/27/norwest-backed-start...

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Garry Chernoff posts another top-5 domain sale in 2011 with BlueJeans.com selling for $150,000

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