Blog

  • Brandable or generic, pricing may make the difference.

    11:56 AM PST, 8/15/2011

    Brandable or generic, pricing may make the difference. ZocDoc (valued at $700 million or more) wanted to launch as Doctors.com, but whoever owned it wanted $4 million for the domain name, says CEO Cyrus Massoumi. So they bought zocdoc.com for $6 instead. Have you heard about ZocDoc? The company launched at TechCrunch in 2007. Their goal – to let people find and book appointments with doctors, dentists and other health professionals online. The company has raised $50 million in a new round with DST. The company was valued at $700 million or more in this round, we’ve heard from various sources. ZocDoc won’t comment, though, on valuation. They started off with just a few dentists and 5,000 appointment slots. It took them two years to get to a million available appointments. They now have 5 million over the next 90 days, up from 3 million in February. They’ve also more than doubled the number of employees in the last six months, to 150. Doctors pay $250 per month to be part of ZocDoc. I’ve tried every way possible to get to a good revenue estimate for the company. It’s simple math once you know the number of doctors in the system, but they won’t disclose the number of average open appointments per doctor, or otherwise reveal revenue. Some interesting things about the company - - They were mentioned by the Wall Street Journal in 2007 after launching at our event as part of an article talking about how there was a tech bubble at the time. Of course, valuations from 2007 look downright cute in today’s world. - The company has an atrocious, ridiculous non-logo. They don’t seem to mind it at all. Apparently it hasn’t slowed down growth. - ZocDoc wanted to launch as Doctors.com, but whoever owned it wanted $4 million for the domain name, says CEO Cyrus Massoumi. So they bought zocdoc.com for $6 instead. - DST is on a tear. Forget previous investments in Facebook, Groupon and Zynga. Just in the last several months they’ve invested in Twitter, Airbnb, Spotify, and now ZocDoc. - There are obvious comparisons to be made between ZocDoc and OpenTable. One interesting point brought up by a fan of the company is that the health care industry is far larger than the restaurant industry. ZocDoc could be a big winner. Disclosure: I’m not an investor in ZocDoc, but I’ve asked to invest. Either way, I’m a fan. Bad logo and all.
  • 6-Figure Sale of eSignature.com Puts DomainGuardians on Top of New DNJ Sales Chart

    4:00 AM PST, 8/12/2011

    6-Figure Sale of eSignature.com Puts DomainGuardians on Top of New DNJ Sales Chart Six-Figure Sale of eSignature.com Gives DomainGuardians Their 1st Appearance at the Top of Our Weekly Domain Sales Chart Last spring two highly regarded former Fabulous.com executives, Mike Robertson and Jen Sale, joined three domain industry veterans; Adam Strong, Paul Keating and Bill Vanderent, to launch a new domain services company at DomainGuardians.com. While the company's main line of business is providing estate planning and management services to domain professionals the highly experienced co-founders can handle just about any domain related task you might want to throw at them. That's why veteran domain investor Roy Flanders called on Robertson to broker eSignature.com for him and Roy's confidence was rewarded when Mike found a buyer at $150,000, giving DomainGuardians the #1 position on this week's Top 20 Sales Chart. The buyer is a company called EchoSign that was acquired concurrently with the domain acquisition by tech giant Adobe. Flanders said, "I guess I know most all of the players over all these years, and I can't think of many who are more well thought of than Mike (I call him 'Bieber,' just for fun.) Truth is we had this deal finished - both ways - even before Escrow.com had the paperwork out!" There was a lot of trust between all parties, and time was very much of the essence. (According to things I hear, I'm not always easy to work with, but Mike helped us all come out shining.)" By Ron Jackson Robertson noted, "Roy's one of the real originals in this business. I've seen domains he registered back in '94-'95. I'm happy to have worked with him for the last number of years while at Fabulous. So when he called at my new company to see if I wanted to broker this domain, I jumped at the chance. Mostly because he very rarely sells anything, he is shy about any publicity, but also because he thought it might help give our new start-up a good lift." Roy knows a good company when he sees one and anyone who knows the principals in DomainGuardians will understand why Flanders wanted to work with them. Sedo took the next two spots on this week's leader board with iCinema.com and Koudai.com bringing in $50,000 each to tie for the runner-up position. Sedo went on to have a monster week, sweeping 17 of the 20 chart entries. Their roster included all four of the ccTLDS on the elite list, with #5 Men.co leading that group at $32,000. Two other country codes also reached the top ten; #8 AHD.de at $16,898 and #9 Infos.fr at $14,200. The non .com gTLDs had two representatives on the Big Board led by the UpMarketDNs.com sale of #4 Blogs.net at $34,500. The other charted domain from this category also reached the top ten. That was #10 Umstandsmode.org ("mail order company" in German), a domain that sold through Sedo for $11,660.