Ebola.com Sold To Medical Pot Company For $200,000

ebola_virus

While sci­en­tists are try­ing to con­tain the out­break of Ebo­la, some entre­pre­neurs are cash­ing in on the hys­te­ria. One Inter­net domain name trad­er has sold Ebola.com to a med­ical mar­i­jua­na com­pa­ny in a deal worth $200,000.

The domain owned by the Neva­da-based Blue String Ven­tures was sold to the Weed Growth Fund, Inc. and its sub­sidiary Cannabis Sati­va, Inc. which pro­mote the med­ical use of mar­i­jua­na.

Chris Hood and Jon Schultz, who own a total of 5,000 domain names in their port­fo­lio were offered, accord­ing to a fil­ing with the Secu­ri­ties and Exchange Com­mis­sion, some $50,000 in cash and 19,192 shares of Cannabis Sati­va worth close to $170,000.

That is over $200,000 in prof­it after the orig­i­nal pur­chase of the domain in 2008 for $13,500 by Neva­da-based Blue String Ven­tures. Con­tin­ue read­ing “Ebola.com Sold To Med­ical Pot Com­pa­ny For $200,000”

Domain Names Explained

domain names explained

If you use the inter­net then you should know what domain names are. When­ev­er you vis­it web sites, the domain names appear in the address bar of the brows­er. The word address is very impor­tant, as just like your home address which allows peo­ple to find your house, a web address allows the brows­er to find a web site. The inter­nals of the inter­net, do not actu­al­ly use this address though, it is con­vert­ed to an IP address (Inter­net Pro­to­col), and it is that num­ber in the for­mat of 000.000.000.000 that is the actu­al address.

Domain names often con­tain the words that the site is about. So a site about guinea pig homes, will pos­si­bly be called guineapighomes4u.com. So if you are look­ing to reg­is­ter a domain, then give a clue to what the site is actu­al­ly about in the name. How­ev­er, this is not always the case, but by using a name that does not cor­re­spond with the sites sub­ject you will need to build up a brand. Exam­ples of this kind of thing is Apple and Sam­sung. We only know what they sell as they have built up a well-known brand around those names. Con­tin­ue read­ing “Domain Names Explained”

Unique Domain Names Sell For Millions

Back in the “wild west” days of the Inter­net (the 1990s), there was a mad dash by many entre­pre­neurs to pur­chase as many unique domain names as pos­si­ble. Back then, a savvy entre­pre­neur could buy a pop­u­lar one word domain name for less than a 20 spot. But times have changed, and the Web is now big busi­ness. Accord­ing­ly, com­pa­nies now spend hun­dreds of thou­sands of dol­lars — or even mil­lions — pur­chas­ing just the right domain name to brand their online busi­ness. One entre­pre­neur who made a par­tic­u­lar­ly good invest­ment back in the 90s is Chris Clark of Mary­land. Chris man­aged to pur­chase the domain name pizza.com way back in 1994 for a pal­try $20. He has held on to the name all these years and just recent­ly sold it at auc­tion this March for a stag­ger­ing $2.6 mil­lion. The win­ning bid was more than 13,000 times Clark’s orig­i­nal $20 invest­ment. Con­tin­ue read­ing “Unique Domain Names Sell For Mil­lions”