The Investor Who Bought TrumpPence2016.com in April for $10
In the middle of last week, reports started trickling in that Indiana Governor Mike Pence would be named as the running mate to presumptive Republican president nominee Donald Trump. From there the story developed with more than the usual campaign drama. For hours, the reports went unconfirmed. Then Trump postponed the announcement. Finally, in underwhelming fashion, Trump confirmed the story via Tweet. According to some reports, Trump later regretted the decision and almost changed his mind.
One man watching all this unfold was Shannon Burchett, a Dallas-based investor who purchased the domain TrumpPence2016.com (and several variations thereof) back in April, before the nomination seemed a lock for Trump and long before Pence’s name entered the rotation of veep speculation. Seeing that traditional candidates were having a tough time, “I made some guesses and I guess I was right,” Burchett said over the phone on Friday. “Pence just struck me that he might be the kind of match that Trump would go for.”
Now Burchett stands to make some serious money off of his instincts, which ran him about $10. He expects that the return on his investment will be “many multiples of that,” perhaps even “a six-figure valuation.” Burchett was coy about the process, but suggested that it was underway and that he anticipated that things “will happen quickly.” (On Monday morning, he added that discussions were “continuing.”) – READ MORE