Case Study

Knowing that e-commerce was booming, in 2005, Mike Mann bought two powerful Internet domain names that he hoped to build into online businesses: and Mann partnered with other entrepreneurs to purchase the domains from OpenWave Systems.

While he owned, Mann’s business incubator, WashingtonVC, helped build the domain into a successful e-commerce company called, LLC.

Mann announced in 2009 that he had sold his interest in at a profit. The sale price and name of the buyer were not disclosed.