Ammar Kubba comments on Convergence of Thought auction
I received an email from NameJet announcing a special auction filled with exceptional and private domain names. The NameJet website also has onsite banners advertising Auction. These domain names belong to Convergence of thought, a company co-founded by Ammar Kubba and Kevin Vo.
Some of the domain names included in the auction are:
- Beer.com (with a small portfolio of associated domain names)
Notably, the reserve prices on most of the names I checked are lower than I expected. In fact, I’ll be surprised if some of the higher value domain names don’t sell. For example, Threat.com and Caddy.com each have a reserve price range of $ 25,001 to $ 50,000.
When I saw the auction, I contacted Ammar Kubba to see if he could comment on the auction. I have known Ammar for a long time and was surprised to see his company sell its domain name assets. Ammar came back to me and shared the following comment:
âAs you know, Thought Convergence, Inc. has been primarily a holding company for several years, since we sold our operations in 2014. These areas represent the last remaining assets of what has been a fantastic 20-year adventure. years. . The shareholders of Thought Convergence have agreed that the best way to objectively value, monetize and distribute these assets is to auction them off, which is exactly what we do.
My company, afterTHOUGHT, Inc., still owns thousands of domain names, and we continue to invest and acquire regularly. Without a doubt, I am incredibly bullish on domain names and other emerging digital asset classes (cryptocurrencies, NFT, etc.).
The vast majority of these estates are selling with little or no reserve, so there will be incredible opportunities for savvy investors. “
Staggered stock-out times for these auctions begin in a few days, by which time they will be entered into a live auction.