Mike Mann is a prominent internet entrepreneur who sold BuyDomains company a few years ago for more than $65 million. His latest tech venture is just that, a venture capital firm based in Washington D.C. which goes by the name of WashingtonVC.
Yesterday Mann announced the purchase of SEO.com by WashingtonVC for $5 million as well as the formation of an SEO firm led by Dave Bascom. The company is formerly known as Web Targeted, search engine optimization company located in Utah.
Jay mentions this new domain will give them a huge advantage over the fierce competition of Search Engine Optimizers.
It should be interesting to track the progress of their SEO firm gaining ranking for SEO terms with this new domain. On the other hand, this transaction shows that the web business for SEO is really big. In my opinion, the business is far from saturated and will still growing.