Learn why BuyMeACoffee.com bought Brew.com and what they plan to do with it.
Today we talk to the buyer of Brew.com, a domain name that Michael Cyger recently sold. Maddy Ramakrishnan is co-founder and CMO of Brew.com, an evolution of BuyMyACoffee.com. Find out the other domains they considered before settling on Brew.com, why they like the connotation of brew and how the sale came together.
Also: .Com fight, Gab subpoena, Malibu.com, Chicago Blackhawks win and more.
Podcast: Play in new window | Download (Duration: 21:18 — 17.1MB) | Embed
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I said before Michael was really being “philanthropic” with this because that is simply a blockbuster domain and worth a lot. That kind of domain should be making news at a venue like Sotheby’s, which is what is really needed for this industry.
Great interview. Wish it was longer (22 mins, felt more like 5).
I really enjoyed this podcast, Andrew. It would be great to get more entrepreneurs on here sharing their though process with regards to acquiring premium domains names, or even domains they purchased for their business in the five figure range.
Maddy and the rest of the Brew.com team seem to have the right vision and trackrecord to built something very cool.
And that is, most likely, what Michael also sees. Sure, maybe he could have gotten more for the domain by selling to a brewery or coffee giant or even by auctioning the domain. But that’s a short term play. You get the cash and part with the domain.
By taking part equity and a advisory role Mike essentially still owns part of the domain because he owns a part of the company. And the journey ahead is so much more fun and exciting and quite likely to be much more profitable in the long term if the company succeeds.
Thanks, Doron. If you know any other people that will be a good fit for the show, please let me know.
Enjoyed the podcast – is it available in any podcast app or anything like that?
It’s on every major podcast app — just search for Domain Name Wire