Fund.com sold for cool $10m!
12 03 2008A New York, USA, based company, Fund.com Inc. (earlier known as Meade Technologies Inc.), has bought the rights to the domain fund.com for reportedly almost $10 million in an all-cash transaction! Another world record of sorts!
The deal was brokered by Clek Media Inc. and the sale of the domain FUND.COM was actually for US$9,999,950.
It is yet another big dollars domain acquisition to make people and take notice of the excitement that surrounds domaining and the profit that the domain has fetched its original registrant.
Such transactions, though few and far between, keep the hopes of us small-time domainers alive! Though I do not have any single word .com premium domain, yet I have a few that my domaining sense tells me will be worth a couple of hundred thousands down the line and till then, I am holding them 
What impact do you think this sale will have on other “fund” domains such as Retirefund.com currently on auction at Sedo.
http://www.sedo.com/search/details.php4?domain=retirefund.com&partnerid=14460&language=e
This is definitely good for the domain industry as a whole. Deals like this not only keep the interest of people alive but push it even further! This might help your domain as well since it has interesting keywords too!
However, I believe that the worth of a domain is in the monetization plan that the buyer has in mind rather than what the seller asks for. For the company that has spent 10 million USD on the domain is definitely aiming the same amount to be generated from the domain every year or else how would they justify their decision to buy? They haven’t done it on speculative purposes for sure.
I hope that there are more of such deals every year as I am aiming to sell a couple of my domains, not for millions but yes, a couple of hundred thousands, hopefully
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