Frank Schilling sold WheelsUp.com to Marquis Jet founder for $50k, later $500k offer
Friday, March 30th, 2012
Marquis Jet founder bought domain for new investment firm, later shuns $500k offer.
Owen Frager and Elliot Silver recently discovered that Marquis Jet was somehow related to the buyer of WheelsUp.com, a domain Frank Schilling sold last year.
Now we know the exact relationship.
Marquis Jet founder Kenny Dichter bought the domain name for a new investment firm he’s part of, Wheels Up Partners, LLC, he told CNBC in an interview today.
Purchase price? $50,000 according to Dichter.
But it gets more interesting. Dichter says the company was then offered $500,000 by a national shipping company for the domain name. It turned down the offer.
You mean even Frank Schilling can leave a little money on the table every once in a while?
(Hat tip: DNW reader John Picchietti)
Go to about 4:27 in the video below.