Earned big money by selling only ‘name’, then donated the profits, the billionaire himself told the story! – Dharmesh Shah buys chat dot com for over 10 million dollars then sells now donates 250000 dollar to Khan Academy tutd

Dharmesh Shah, the co-founder of HubSpot, bought the domain name ‘chat.com’ after spending more than $10 million. Now there is news that he has sold this domain name. Dharmesh Shah got how much amount by selling ‘chat.com’. It has not been disclosed. But he has donated an amount of $25,00,00 out of the profits to Sal Khan and Khan Academy. Dharmesh Shah is an American entrepreneur of Indian origin.

Dharmesh Shah is the co-founder of HubSpot, an inbound marketing and sales software company started in the year 2006. The company is listed on the New York Stock Exchange (NYSE) with a current market capitalization of over $24 billion.

Bought the domain name chat.com

Shah initially bought the domain name chat.com and shared it on a LinkedIn. He had not created any new product using the domain name. Through a LinkedIn post, he explained the reason for buying the chat.com domain name. The reason for buying Chat.com is simple and I think chat-based UX ( cahtUX ) is the next big thing in software, he said. It is very easy to communicate with computer/software through a natural language. This generative is made possible by AI.

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Importance of domain name

He further wrote that I have learned about the importance and value of the domain name. WordPlay.com (My Word Game) has hit 150 million games played and 16 million users. A few days after buying the domain, Shah came on a podcast where he said in a candid conversation that the reason I bought it (chat.com) is because I’m trying to join the AI ​​club. No one in that club knows who I am.

didn’t worry about losing money

Shah said that I have done some things at some places, but that special group of people (AI Industries) do not know who I am. He was not worried about losing money. He further said that suppose I lose a few million dollars. But it is equal to the price of my entry in AI industries. But, as it is learned, Shah has not suffered any financial loss. In his new LinkedIn post, Dharmesh Shah wrote that I am not launching anything big on this (chat.com). I have sold the domain name.

buyer not disclosed

He further wrote that as promised. I made a profit of $250,000 and donated this amount to Sal Khan and Khan Academy. However, Shah did not disclose the amount for which he sold chat.com. Also, he has not disclosed the name of the buyer. Khan Academy is a non-profit educational organization. It provides free online resources and syllabus for learning in various subjects.