My First Million

#18 - The Big Business of Wacky Domains

Oct 16, 2019

Sheel Mohnot, founder of an online auction site for internet domains, shares his journey from living on $1 a day in India to hosting over $100M in auctions. He reveals the secret world of domain auctions, discussing the emotional stakes of bidding wars and the importance of networking. From innovative marketing strategies to the challenges of enticing tech giants to participate, Sheel highlights how wacky domain names can be valuable assets. His personal anecdotes emphasize the intersection of business acumen and heartfelt experiences.

57:04

Creator website

Episode guests

Sheel Mohnot

Highlights

AI Chapters

Episode notes

Can You Buy Your Own Dot Whatever in 20 12?

02:15

Allocate 10% of your net worth for risky angel investments.

00:47

Sheel Mohnot's co-founder memorized the faces of key people he needed to con…

00:55

Be willing to try new things and learn from failures.

00:27

Intro

2min

The New Frontier of Domain Auctions

13min

Navigating Tech Auctions and Emotional Bidding Wars

18min

Real Estate Investing Insights

4min

From Headphones to Humanity: A Journey of Business and Personal Growth

10min

Navigating Business Ventures and Investments

4min

Navigating the World of Angel Investing

2min

The Dynamics of Angel Investing and Personal Connections

4min

Ever wonder who owns all the internet domains like .com, .co, all the way to goofy domain names like .george and .plumbing? Well it turns out, many of these are owned by billionaires & big companies. Our hero today - Sheel Mohnot (@pitdesi) created an online auction site (like Ebay, but instead of selling beanie babies, he auctions off internet real estate). He has hosted $100M+ worth of auctions, keeping a 4% cut for himself along the way. Hear how he found this wacky niche, got the auction platform off the ground - and how he went from living on $1/day in India to becoming a self-made millionaire.

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My First Million

#18 - The Big Business of Wacky Domains

Episode guests

Can You Buy Your Own Dot Whatever in 20 12?

Allocate 10% of your net worth for risky angel investments.

Sheel Mohnot&#39;s co-founder memorized the faces of key people he needed to con…

Be willing to try new things and learn from failures.

Remember Everything You Learn from Podcasts

Sheel Mohnot's co-founder memorized the faces of key people he needed to con…