When we broke the news to the domain community about Hallpass Media CEO, Bill Karamouzis (Bill Kara for short) selling his company to games distributor giant, Mindjolt, the question wasn’t “for how many thousands” but rather, “for how much over $10 million dollars”.
It’s simple, really:
Hallpass Media, the Canada-based games, video and entertainment company received seed funding of $2 million dollars in 2008, something that provided them with explosive growth room.
On top of that, Bill Karamouzis went on a series of strategic acquisitions of gaming domains, each one of which added value to the Hallpass Media network of developed web sites.
DomainGang was the first online domain publication to interview Bill Kara in January 2010.
So the question is, did Hallpass Media sell for $20 million or even more?
Meanwhile, a US company by the same name is getting some unwanted attention recently!
According to Wikipedia:
HallPass Media is a U.S based sports marketing firm located in Newport Beach, CA. HallPass specializes in sports marketing and consulting for elite athletes, brands, events, and intellectual properties.
Note the capitalization of the “P” in “Pass” – this company is obviously unrelated to the Canadian corporation that Bill Kara leads.
And that’s what happens when you name your company one thing and you don’t own the .com! 😀
