AdamDicker
Verified Member
I am retaining 25% ownership in the new business.
- Topic Starter AdamDicker
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Brandit
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Would be curious to hear how you were able to structure this sale that way (which side offered, etc)
Wow, nice sale. $160k plus 25% of the business, did this come from a blind offer or a party you already knew?
Congrats!
DomainRecap
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Boom! Congrats on the sale and I think I need to start looking at generics more.
Based on usage I would be concerned about a legal challenge unless it was the same owner as the .com
rlm
Bonfire.ca
There is no trademark in Canada on the term seats, only in combination with other terms. There is a design mark on seats with an arrow. Avoid an arrow in their logo and they are fine.
Seats.com is heavily invested in Canada, now a competing service with the same name, trademark or not it's going to get sticky.
rlm
Bonfire.ca
Adam, you've received the full $160K already? This isn't some sort of payment plan? The domain hasn't been transferred to a new registrar, just a nameserver update made on Jan 19.
Also, I see that the domain was listed last year on Atom, did the sale happen through atom? Just wondering how a deal like that would work through a marketplace.
Also, I see that the domain was listed last year on Atom, did the sale happen through atom? Just wondering how a deal like that would work through a marketplace.
rlm
Bonfire.ca
Its generic, if they chose to not trademark it (which they didn't), its because they knew they couldn't get it approved.
Seats.com is heavily invested in Canada, now a competing service with the same name, trademark or not it's going to get sticky.
AdamDicker
Verified Member
So, a friend of mine has 2300 season blue jay tickets and he made over 1.2 million on the playoffs last year.
So I approached him and said lets do this way bigger and do a Canadian ticket site without fees like stubhub and ticketmaster.
Him and his partners liked the idea... so here we are.
From there it grew to add many upsells and other things.
The final product will be amazing.
AdamDicker
Verified Member
So he made money and enough to spend and it's a Win-Win. Good
Looking forward to. Hope it's better than Tickets.ca
rlm
Bonfire.ca
Nice idea, sounds like a good partnership. Wish you the best of luck with that!
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