Mike Mann plays along with PETA.
Sex.com investor Mike Mann is playing along with PETA’s request that it get the Sex.com domain name.
People for the Ethical Treatment of Animals (PETA) grabbed some publicity earlier this month when it requested the domain name Sex.com be donated to it instead of auctioned for millions of dollars.
As it turns out, one of Sex.com’s investors — Mike Mann — is a long time vegetarian. He says he’ll accept PETA’s request, but under one condition: The IRS gives him a tax deduction for it:
Mann, a world expert on domain valuation, estimates the Sex.com domain name to be worth $50 million. As long as the IRS agrees to recognize the $50 million tax deductible donation, then Mann will donate his share of to PETA for their charitable works.
Other than getting the IRS to recognize a $50 million tax deduction, there’s one other problem: Mann doesn’t own the entire domain name or the company that owns Sex.com. As we found out yesterday, Mann has sunk more money into Sex.com than any of the other investors, but he is still just a part owner.