I should have lost the bet but I didn't. In an effort to sell DayTraders.com to Jay Westerdal (founder of DomainTools.com), we decided to flip a coin over whether he got a screaming good deal or just a good deal. The value of the coin toss was $34,200.
Of course, all of this was happening about four hours into a night on the town in Cairo. Neither of us had any business making that bet.
I had suggested that we just flip once but Jay wanted to flip two-out-of-three. I lost the first toss then won the next two.
Jay is now the proud owner of DayTraders.com for the still very reasonable price and low multiple of $84,200.
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