OpenAI Paid Him $15 MILLION for His Website Domain

Name: OpenAI Paid Him $15 MILLION for His Website Domain
Uploaded: 2024-12-27T16:00:02+00:00
Duration: 51 s
Channel: Sam Parr
Description: In this brief spoken segment, the speaker recounts purchasing the premium domain Chat.com for roughly $10‑15 million with the intention of building a…

27 Dec 2024 · 1 min

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In this brief spoken segment, the speaker recounts purchasing the premium domain Chat.com for roughly $10‑15 million with the intention of building a GPT‑powered chat application to compete with OpenAI. He explains that the domain had not been on the market for about 30 years, making it a rare opportunity. The speaker later sold Chat.com to OpenAI for an eight‑figure sum, which resulted in him acquiring $15.5 million worth of OpenAI stock. Rather than directly announcing the deal, he used a clever GPT prompt that hinted at the purchase price and his new stock holdings, adding a playful, cryptic twist to the reveal.

Chapters

You bought Chat.com, something like $10 million. You sold the domain to OpenAI for around 8 figures. Chat.com, in a random event, became available for sale for the first time in like 30 years. It had never been actually used before. And I'm like, I need to do this. I actually had a plan for it. I was going to build a chat application on top of the GPT algorithm, similar to ChatGPT, compete with OpenAI, which I don't advise anyone to ever do. Did you sell it for a profit? When I made the announcement that I had sold it, I didn't share the details. I provided a GPT prompt. If you type this into ChatGPT that says, oh, Dharmesh likes to buy domain names but he usually does it because he's got a project in mind. Dharmesh doesn't sell domain names at a loss because he doesn't have to. Dharmesh also doesn't like profiting from his friends. And then the prompt is, if you had to guess, what do you think the domain sold for? Dharmesh bought the domain for $15.5 million and now owns $15.5 million of OpenAI stock. That was the AI answer to it. You could leave it at that. Yeah, we'll leave it at that.