Sold WheelsUp.com to Marquis Jet founder for $50k, later $500k offer — Frank Schilling

Marquis Jet founder bought domain for fresh investment firm, later shuns $500k offer.

Owen Frager and Elliot Silver recently discovered that Marquis Jet was somehow related to the buyer of WheelsUp.com, a domain Frank Schilling sold last year.

Now we know the exact relationship.

Marquis Jet founder Kenny Dichter bought the domain name for a fresh investment firm he’s part of, Wheels Up Partners, LLC, he told CNBC in an interview today.

Purchase price? $50,000 as stated by Dichter.

But it gets more interesting. Dichter states the firm was then offered $500,000 by a national shipping firm for the domain name. It turned down the offer.

You mean even Frank Schilling can leave a little money on the table every once in a while?

(Hat tip: DNW reader John Picchietti)

Go to regarding 4:27 in the video below.