Earlier quoted context omitted.
The domain was previously owned by Innovation HQ (innovationhq.com) who own tens of thousands of domains, some of the best in the world (they sold robot.com not long ago, owns/runs whatismyip.com). Innovation were asking ~$5 million for it earlier this year. Given the huge money flowing into AI router projects, I expect Ramp paid very close to asking, or perhaps a little more. So, $5 million +/- $1 million is my gues…
I wonder if more companies use web domains as "investments" aswell
Router by Ramp
41–50 of 66 posts
Re: Router by Ramp
#42Re: Router by Ramp
#43I just want to know how much the domain cost.
The domain was previously owned by Innovation HQ (innovationhq.com) who own tens of thousands of domains, some of the best in the world (they sold robot.com not long ago, owns/runs whatismyip.com). Innovation were asking ~$5 million for it earlier this year. Given the huge money flowing into AI router projects, I expect Ramp paid very close to asking, or perhaps a little more. So, $5 million +/- $1 million is my gues…
Their site is a totally blank HTML page, it seems?
Re: Router by Ramp
#44Re: Router by Ramp
#45Why is it that every AI-product think dark UX with default data harvesting of proprietary data is a great idea? I mean it's rhetorical, stealing for training is the norm, but it's still just as disappointing every time I see it.
Re: Router by Ramp
#46Earlier quoted context omitted.
The domain was previously owned by Innovation HQ (innovationhq.com) who own tens of thousands of domains, some of the best in the world (they sold robot.com not long ago, owns/runs whatismyip.com). Innovation were asking ~$5 million for it earlier this year. Given the huge money flowing into AI router projects, I expect Ramp paid very close to asking, or perhaps a little more. So, $5 million +/- $1 million is my gues…
I wonder if more companies use web domains as "investments" aswell
As for product companies, like Ramp, buying domains as an investment is generally a terrible idea. Domains are not liquid, the (hypothetical) $5 million that Ramp paid is not a price Ramp could achieve when selling the domain tomorrow. The previous owners owned Router.com for over 20 years before Ramp came along, willing to pay a lot of money for it.
Sometimes a company will buy a domain, use it, shut down whatever it was, then end up with the domain on their balance sheet for years, even decades, before someone tracks them down and offers to buy it. In those cases, the company can make money off the domain, but for every time that happens, there’s thousands more domains on balance sheets that nobody wants to pay a good amount for.
More broadly, domain name investors make their money by buying lots of domains and holding them over the long term, making their money from the very small number that sell. Part of why good domains are so expensive is that 1 sale needs to cover the cost of hundreds of even thousands of other domains that don’t sell.
Re: Router by Ramp
#47Earlier quoted context omitted.
The domain was previously owned by Innovation HQ (innovationhq.com) who own tens of thousands of domains, some of the best in the world (they sold robot.com not long ago, owns/runs whatismyip.com). Innovation were asking ~$5 million for it earlier this year. Given the huge money flowing into AI router projects, I expect Ramp paid very close to asking, or perhaps a little more. So, $5 million +/- $1 million is my gues…
>InnovationHQ.com Their site is a totally blank HTML page, it seems?
Re: Router by Ramp
#48Re: Router by Ramp
#49Earlier quoted context omitted.
I wonder if more companies use web domains as "investments" aswell
Domains investors (or squatters, as one may call them) have been around since the beginning of domains.
Re: Router by Ramp
#50The fact that they put "every model" repeatedly, then don't actually support even close to "most mainstream models", makes me highly doubtful their service will be more honest and forthcoming once I'm signed up.
let us know which "mainstream" models you feel like we are missing support for! https://docs.router.com/supported-models