Rashedx is right.
I predict Rick is taking both domains to his grave. Like Music, Realty has had it's a*s hammered out 15m X.
There is zero disruption. i.e. if you owned taxi.com, who would care? who wants to compete against 2* 800lb gorillas in Lyft and Uber + thousands more.
Low margin business, like a restaurant. The smartest brains in the world want to focus on freakishly
big ideas & problems.
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Run the math, $125m valuation you have to assume the company acquiring the name is spending 10% of gross revenue. Rick can bank on "old money" or "crypto" money to be the saving grace.
Pre-seed the company needs to be valued at $1b+ then cut Rick % on the cap table. Personally, only "old money" would be interested in entertaining Rick with that deal. I hope it happens for him.
New money is virtually impossible at this point. How many Ycombinator entrepreneurs are starting businesses to "
solve" property listings/marketplaces? Sweet FA
Peter (ZERO-TO-ONE)
Theil isn't cutting anyone a cheque to compete in this market that's the real
problem and
nor is anybody else for that matter.
I suspect any
ESG related domain-like Carbon.com will do the big numbers. The ship has sailed on these two names.
Domainers in general drink way too much
Kool-
Aid