Reglikedomain industry desk

For 8 figures AGAIN — Chat.com sells

For 8 figures AGAIN — Chat.com sells

He might have sold it to the other firm that tried to buy it earlier.

The word "Sold" in big letters in quote on red background

Earlier this year, entrepreneur Dharmesh Shah purchased chat.com for over $10 million. He just flipped the domain name.

Shah posted on LinkedIn this morning that he sold the domain name to another (right now anonymous) party for more than he paid for the domain name.

He’s donating $250,000 of the gains to the Khan Academy to support their efforts to use A.I. to create personalized education at scale for the world. He’s throwing in another $10 for everyone who comments on his post following watching Sal Khan’s TED talk.

So how did he flip this domain so quickly? There’s a possible clue in DNW Podcast episode #435. In that episode, Andrew Miller, who worked on the chat.com sale to Shah, noted there was a second buyer in the negotiations. But that corporate buyer wanted the seller to jump through lots of legal hoops. Shah hopped in and made the deal easier for the seller, so the seller went with him.

It’s possible that Shah sold the domain to the other party that had tried to buy the domain.

Also on the wire

Other reporting from the domain desk.

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