The domain name Pilot.com was acquired by a startup that spent $400,000 dollars from its initial funding round.
Waseem Daher, Founder and CEO at Pilot, shared the process of domain acquisition; getting $3 million in funds was a decisive step in the process:
At that time, we were six people in an office above a fried chicken restaurant.
$400K was a lot of cash.
We only went for it because we had raised a $3M seed round, and I believed that the long-term branding benefit outweighed the short-term cost.
That was in 2017—these days premium domains of the same caliber can easily go for seven figures. Start-ups hoping to acquire such premium domains for a few thousands often go to Plan B, filing a UDRP and getting hit with a reality check.
The discussion about Pilot.com on LinkedIn unveiled two undocumented domain sales, that of Courier.com for $200,000 dollars, and that of Twingate.com for $4,000 dollars.
Read the discussion on LinkedIn.
Kudos: Bogdan via Twitter.
