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Entrepreneurs Jake Winebaum and Sky Dayton were widely mocked for lavishing $7.5 million on a single Internet domain name — — back in 1999. It was the single highest price paid for a domain name at the time.

Now look who is having the last laugh.

The company that grew out of — a search engine used by businesses to find products and services — is now on the auction block, and could fetch anywhere between $300 million and $400 million, according to people familiar with the matter.

Sigh. I should have bought those Google shares when they were $85. Or Apple shares when Steve Jobs came back as ‘Interim CEO’. Hindsight is the only exact science.