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by devnonymous
3635 days ago
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I don't get it, by your own admission the time isn't right to monetize on the domain and yet you expect a 7 figure value for it, what will they be paying for then? In another post you say something about selling your house and the responsibilities of wife and kids.. Are you really willing to put all of that at stake just to retain control over some 'perceived' value. Like I said, I don't get it. |
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Here's what I know so far (hopefully a coherent set of thoughts now):
That, I think, is the context under which I said some of the things I've been saying. Regarding the 7 figures thing. I probably did a horrible job of communicating the intent. Not sure I can do better, but I'll try.I don't want to sell. This was not my intent. I was actually getting ready to launch a new startup under this brand (moving away from consulting). There are only two ways I could see letting go of it. The first is if I have to face financial ruin to protect it. Not hard to understand. I have responsibilities towards my family that I cannot abdicate. The second is at the other end of the scale. This is the case where they make an offer that is so compelling that it would satisfy the idea of doing the right thing for my family and would make letting go of a brand that's been dear to my heart for nearly three decades. That offer, for me, is in the 7 figures (which, after taxes, can easily turn into 6).
I hope that clarifies where I am right now. I might not have all the angles covered but I think I understand the problem reasonably well. I am hoping to learn more as I sit down with counsel this week and explore legal realities.
Biggest take-away for others: If you own a domain you intend to use in the future and it matters to you, put up a blog and write something relevant to the brand every so often. If you just let it sit there you could be in trouble. And, yes, file for and obtain a trademark as soon as possible. Common law trademarks do work but real paper trademarks are far more powerful.
Thanks for your input.