December 1, 1999
The domain name business.com sells for $7.5 million. At the time, it was the most expensive domain name sold in history and still ranks in the top 15 all-time most expensive domain names. Domain name investor Marc Ostrofsky had purchased the domain in the mid 90’s for $150,000.
In 2007 the company that owned Business.com and created a ad network website around the domain sold for $345 million to Yellow Pages publisher R.H. Donnelly. Marc Ostrofsky reportedly owned a stake in this company as well.
If only I had the foresight in the 90’s to buy up simple domain names when they were all available! I was in the right position to do so, but I just didn’t think of doing it until years later when they had already been registered and started selling for crazy amounts of money. However, I did help my parents sell a domain they registered in the 90’s for $20,000. Looking back now, I probably could have gotten a lot more for it.