Creative dealmaking is something that I enjoy, particularly when it gives Epik the opportunity to work on a domain that might otherwise be out of reach for development due to the circumstances of the owner. Sometimes it means bringing together a 3rd party. If it is a deal that makes sense, Epik can help make it happen. And sometimes we get lucky.
Last week we were able to finalize a deal with domain portfolio owner Harry Daskal. The deal involved one of the most complete portfolios of names related to puppies. It is a natural choice for building on our directory platform. The portfolio includes more than 1,000 pet and dog related names, including some of these gems below.
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We initially put these domains on the Epik Wiki platform in order to start the indexing process following an extended time on a parking network. In about 2 weeks, we’ll start rolling out directories of breeders and service providers.
Other recent examples:
- Drew Sharma owns VideoProduction.com. Now that is a gem. Here is our domain appraisal. The always energetic Friend of Epik, Todd Reum, brought us the opportunity to develop it. Drew is looking for $100K for the domain. The domain appraises for considerably more. If someone wants to buy it from Drew, Epik will pre-approve the development with an exclusive for the video production category.
- Shai Neubauer brought us the domain Location.com. I first met with Shai more than a year ago at deli in mid-town Manhattan. I won’t forget that meeting. Although we did not get a deal done then, we got a deal done earlier this month. The timing is perfect as we are integrating Location.com into our directory strategy in a way that I am personally excited about. As a result, it made sense for us to take this one on a no-cash basis. We will release the first phase in August.
Challenging times call for creative solutions.