Mint.com domain owner profits from sale of company

As reported by The Domains and Domain Name Wire earlier today, the former owner of the domain name mint.com stands to reap the rewards of the sale of the site to Intuit. But this was more than a simple domain name against stock deal and the previous domain owner was actually an investment firm.

According to TechCrunch the former owner of the domain name mint.com (Hite Capital), which was just sold with a developed site to Intuit for 170 million USD, received a significant amount in series A stock for the domain name, which should be “worth a ‘couple of million dollars,’ says one source [to TechCrunch], after the acquisition”. Hite Capital also invested money into mint.com in the series A and series B investment rounds – according to CrunchBase, so maybe they did not only give them the company the domain name. However they are not listed as an investor on mint.com’s website.

DomainTools whois history shows that the domain was owned by “Mint Investment Management Co.” in New York until April 19th, 2007. Aside from the floor (12th vs. 15th) this address also matches the current whois of HiteCapital.com, where the owner, admin and tech contact, Erik Jacobsen, also is using a @mint.com email address. Mint Investment Management Co. was founded by Larry Hite who also is an active investor and managing director at Hite Capital Management LLC

Advertisement
WE BUY DOMAINS. We are interested in acquiring your premium domains – find out more.