Spotted this great article the other day about Gary Kremen, the guy who first registered Sex.com before it was stolen. 46-year-old Kremen (also the founder of Match.com) is a serial entrepreneur with business interests as wide as they are numerous.
But the numbers that caught my eye are the dollar amounts Kremen eventually made from Sex.com. I already knew that after recovering the stolen domain, he sold it for $14 million. I did not know that Kremen also got a $15 million settlement from Verisign, the company who bought Network Solutions, the registrar that was involved in the actual mechanics of the Sex.com theft. The article also explains that Kremen sold a house for $4 million last year. Ownership of the house, which belonged to the Sex.com thief, was transferred to Kremen as part of the legal proceedings surrounding the case.
Without a doubt, $33 million is a very tidy sum. But consider this: Kremen probably ended up loosing out. If he hadn't lost so many years fighting to recover his stolen domain name, Kremen might have been able to built it up into an even more lucrative business…