The Meb Faber Show - Better Investing cover image

Sheel Mohnot, Better Tomorrow Ventures - We Think That We're In The Very Early Innings of Fintech | #355

The Meb Faber Show - Better Investing

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What's the Story Behind This Auction Company?

CNN's John Sutter talks about an auction company that sells domain names. He says the idea is to get rid of bad domains and make money by selling good ones. The bidding starts at 600 thousand dollars every 20 minutes, then it goes up in increments until a winner is found. "It did really well for all parties, because the big guys who want to win the auction end up paying less"

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