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Did you laugh when Sky Dayton and Jake Winebaum paid $7.5 million price paid for back in the boom under the vague pretense of turning it into some kind of B2B directory (remember net markets)? If so, the joke has turned out to be on you as the site, virtually devoid of content, is now raking in $15 million per year and is allegedly worth $300 million.

Think about how bad Internet businesses have to be to go bust when a parked domain name can become a business with respectable revenue and insane profit margins.