Fred Wilson’s Advice to Startups About Buying Domain Names

Venture Capitalist Fred Wilson of Union Square Ventures suggests that start-ups that he invests in allocate $50,000 to buy a good domain name.

He used to advise companies to spend $10,000 or less on a domain names, and then he upped it to $25,000. Recently he upped it again to $50,000.

As Fred states, “Be prepared to pay up for a good domain. It is very unlikely that you’ll find a great domain name these days for less than $10k. And it could cost a lot more.”

Reference: Finding And Buying A Domain Name, Fred Wilson, April 28, 2011

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