New partnership + big domain sale – DNW Podcast #458
Oct 23, 2023
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Braden Pollock reveals a $600,000 domain sale and discusses his equity deal with Hilco Digital Assets. They also talk about incompetent UDRP filings, new security products, and optimism for the year in domain sales. The podcast includes insights on domain conferences and team participation.
Braden Pollock becomes an equity holder in Hilco Digital Assets, bringing strategic value with his domain portfolio and industry connections.
The domain market faced challenges in 2023, but Braden Pollock achieved six-figure sales and Andrew Miller remains optimistic about future deals.
Deep dives
Braden Pollack's Investment in Hilco Digital Assets
Braden Pollack recently invested in Hilco Digital Assets, becoming an equity holder in the domain brokerage and investment company. The decision came after discussions with Andrew Miller, managing director at Hilco, who convinced Braden not to start his own brokerage. Braden's involvement in Hilco brings strategic value, including his portfolio of 150 single-word.com domains, his advisory expertise, and his connections in the industry. While Braden won't be directly brokering names, his involvement will be more strategic, providing deal flow, advising on strategic investments, and assisting with initiatives like Squad Help's Ultra Premium Marketplace.
Challenges and Optimism in the Domain Market
The domain market has seen mixed results in 2023. Braden Pollack experienced a slow start to the year, but sales picked up in the second half. He achieved several six-figure sales, including Fiasco.com for $203,500, Schematic.com for $150,000, and Socrates.com for $600,000. Meanwhile, Andrew Miller describes the market as facing challenges due to VC caution in investing and fallout from interest rate rises. However, he remains optimistic about the future, noting that Hilco and Squad Help are building relationships and laying groundwork for future deals in 2024.
The Importance of Supporting the Internet Commerce Association (ICA)
Hilco Digital Assets and Squad Help have been strong supporters of the ICA. Braden Pollack, who also serves on the ICA board, initially saw it as a necessary step for serious players in the domain industry. Andrew Miller highlights the importance of the ICA's advocacy in defending against abusive UDRP filings. He believes the ICA is crucial in protecting domains from being wrongly lost and encourages others to support the organization's work.
Braden Pollock reveals a $600,000 sale as he and Andrew Miller discuss his equity deal in Hilco Digital Assets. On today’s show, domain investor Braden Pollock explains his deal with Hilco Digital Assets, and we’re also joined by Hilco Digital Assets managing director Andrew Miller. We also discuss the state of the market, and Braden […]