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Old 07-06-2012, 11:32 AM   #2311
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Re: My website ownership experience

Just uploaded something I've been working on for a while, a store for our website:

http://www.scirra.com/store

If anyone has any feedback, would love to hear it! Still a few minor bugs, and missing descriptions which I'm sorting through shortly. We've tried to work really hard on the branding of the items as well to make them more fun (http://www.scirra.com/store/music-bu...k-prescription

I'm especially proud of the currency conversions without refreshing the page (A lot of works for a tiny benefit lol)

Last edited by Gullanian; 07-06-2012 at 12:01 PM.
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Old 07-06-2012, 04:23 PM   #2312
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Re: My website ownership experience

In the "Compare Features," you want to highlight the differences. I would flip the whole page upside down.
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Old 07-06-2012, 04:47 PM   #2313
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Re: My website ownership experience

I don't have any specific feedback but the site looks great and I love the idea! (I know the site's been made for awhile)
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Old 07-06-2012, 09:11 PM   #2314
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Re: My website ownership experience

Quote:
Does anyone have enough knowledge of seed funding to provide a glimpse into what a company is giving up when they have a lot of companies investing?

http://techcrunch.com/2012/07/05/roc...-in-first-day/

Obviously it's pretty situation dependent but I wonder what a company like the above is giving to get that 1.4mm? Does seed funding typically involve equity share or does it work more like a loan?

Typically investors buy a share at a given valuation, so it depends on what they're valuing the company at. There is a form of revenue based financing that's been done by a few firms on the east coast, but as far as I know it's not not yet popular. In revenue based financing a company takes a % share of income(and then doesn't have to wait till an exit) up to a capped amount.

For a good detailed account of the process I'd recommend Brad Feld's Venture Deals: Be smarter than your lawyer or venture capitalist
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Old 07-09-2012, 12:18 PM   #2315
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Re: My website ownership experience

$425 for MrFinance.com

Should I buy it for a (hopefully) brandable personal finance site? It's pretty hard to pick up a decent domain in this field...
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Old 07-09-2012, 12:38 PM   #2316
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Re: My website ownership experience

Mr Finance seems like a pretty good domain to me, as you say though it's all going to be in the branding. You're going to have to develop that yourself obviously.

Price seems fair to me at first look as well imo.
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Old 07-09-2012, 07:00 PM   #2317
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Re: My website ownership experience

I checked "mylastname".com because I thought it would be kinda cool to own it.

It's not in use and the only contact info available is through domainmarket.com.
I wrote them and asked for the price and they told me the owner wants $25k!

WTF? My last name isn't Smith or any English/Western word, it's not even intuitively spellable..

It's not a rare last name in Indonesia and it does hold a meaning in Arabic (an adjective) but still, istn't that just outrageous?

2 posts above says $425 for mrfinance.com, how can they seriously ask me for 25k for a much more obscure domain? fwiw they don't know it's my last name I just asked for it in general.
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Old 07-09-2012, 07:53 PM   #2318
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Re: My website ownership experience

Welcome to the domaining market!
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Old 07-09-2012, 10:23 PM   #2319
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Re: My website ownership experience

You gotta look at it from their point of view. They have no idea who you are and what your budget is. They might as well ask for a very high price and see what happens. You only need one counter-party to get lucky.

I sometimes think that the only reason they list domains for sale for crazy amounts is so that someone offers 1K and then they justify their next listing by saying that the domain already has a 1K offer so someone else offers $1500 and they list it again saying that the domain has a $1500 and multiple offers, and so on and so on...

For Mrfinance, it was listed on Godaddy for $600-700. Auction closed with no offers. Then I emailed them and they asked for $1800. I countered with $350. They countered in something else... I countered with $425 and they countered with some more BS. Then it said the offer is expiring and I countered with exactly the same $425 and they accepted.

I'm thinking of pulling the trigger as it could be a decent brandable site, but it would take a ton of effort... I figure I can always resell for $100 easily, so my exposure is mostly limited to time wasted on this. The problem is that other contracts will have be pretty busy for the next few months.
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Old 07-10-2012, 11:25 AM   #2320
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Re: My website ownership experience

Just to add an interesting domain name story:

Friend of an old boss had very small PR company. She'd registered beknown.com for some sort of campaign she was to run. She got contacted by someone asking to buy the domain -- I think their initial offer was $2k. She had put a lot of work in the beknown idea so she wasn't interested. They got up to $50k in offers and she started to get curious but wasn't going to sell.

She had kept requesting to know who wanted the domain and eventually they told her they were from monster.com. Eventually she got a call from a very high up person at Monster, maybe even the CEO. Can't remember. He asked her to name her price. She said a million. He said deal.

So went from $2k initial offer to one million. Not bad.
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Old 07-10-2012, 12:09 PM   #2321
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Re: My website ownership experience

Whoa..... That's a great story.
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Old 07-10-2012, 04:11 PM   #2322
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Re: My website ownership experience

Wow, that is very strange.

Most purchases are handled through straw men. (same as in real estate for some projects) I'm shocked that monster would do it openly.
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Old 07-10-2012, 05:21 PM   #2323
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Re: My website ownership experience

Quote:
Originally Posted by dc_publius View Post
Wow, that is very strange.

Most purchases are handled through straw men. (same as in real estate for some projects) I'm shocked that monster would do it openly.
From what I got from the story was that she was not going to sell at all and she sort of gave them terms that she would only keep talking if she knew more about who was asking. This was over at least a couple of months. And I think Monster had their own "beknown" related thing ready to roll and time was a motivator for them to get a deal done.

beknown.com now redirects to the FB app for their attempt at social networking.
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Old 07-10-2012, 07:07 PM   #2324
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Re: My website ownership experience

I think MissFinance might be better.
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Old 07-11-2012, 04:16 AM   #2325
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Re: My website ownership experience

Domainers are always going to ask for a high price when you come to them because they are really looking for the big deal. Most of these weird domains aren't worth nearly so much until, but if it's brandable, eventually a company could come along with a lot of money allocated to the project.

I wonder how much Microsoft paid for Bing.
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