Posted June 19, 2007 12:57 pm by with 6 comments

Tweet about this on TwitterShare on LinkedInShare on Google+Share on FacebookBuffer this page

Don’t panic, the bottom didn’t just fall out of the search engine optimization industry, it’s still very much healthy. In fact, as DotSauce is reporting that the domain name just sold for $5 million!!!

Mike Mann is a prominent internet entrepreneur who sold BuyDomains company a few years ago for more than $65 million. His latest tech venture is just that, a venture capital firm based in Washington D.C. which goes by the name of WashingtonVC.

Yesterday Mann announced the purchase of by WashingtonVC for $5 million as well as the formation of an SEO firm led by Dave Bascom. The company is formerly known as Web Targeted, search engine optimization company located in Utah. Jay mentions this new domain will give them a huge advantage over the fierce competition of Search Engine Optimizers.

What do you think, worth the price? I know that will likely bring immediate brand recognition, but it’s not going to guarantee they’ll be sitting on the top of Google’s results (Wikipedia will see to that). 😉


UPDATE: Mike Mann has emailed us to say “none of the terms of sale for any of the companies is accurate.” He didn’t say it hadn’t sold, so I guess we can assume just the numbers were off.