Tag: Entrepreneurship 101

Domains ARE Brands!

I’ve been listening to a LOT of startup related podcasts. Especially ThisWeekInStartups.com mentioned earlier and Andrew Warner’s Mixergy.com. I’ve pretty much spent the last month going over every one of Andrew’s podcasts. It’s surprising how many startups miss the boat on domains and how that can impact marketing efforts. I think this clip from an interview Andrew did with Grasshopper.com founder Siamak Taghaddos pretty much sums up what I hear over and over again.

Siamak Taghaddos

Seems pretty obvious, right? But here’s an example (from another excellent Mixergy interview) of what so often happens.
Noah Kagan

Matt (WordPress / www.Ma.tt) had to get it. Would like to know more about that story.
Matt Mullenweg

Otis (of Goodreads.com) definitely gets it. Exactly, “a good domain will give you a 30% extra chance of success”.
Otis Chandler

Sure, domain names can be expensive. But the trouble is, the larger you grow your company, the more you
run the risk that someone is going to hold that domain name hostage (and why shouldn’t they, really?)
I guess my point is that getting the right domain name upfront will save you a lot of money in the long run.
If you would like help finding or acquiring a domain name for your startup please drop me a line. I love to
brainstorm domains and can help broker a deal for a domain that’s already owned.

In The News.
From: DomainNameWire.com

Social gadget company upgrades its domain name.
Sedo has brokered the sale of Poken.com for $75,000 to a company that bills itself as a mobile social business card.

According to the web site, “poken is your ‘social business card.’ it’s an easy way to share your contact details and online social networks in the real world. just hold two poken palms together – high4! – and you’re connected.”

The web site makes it look like a product primarily for teenagers. This domain is a big upgrade, as it appears the company has been using DoYouPoken.com as its web site.

From: DotWeekly.com

Ad.ly Purchases Adly.com Domain Name
Ad.ly is becoming a very popular in-stream advertising platform for Twitter.com users and they just purchased what would be considered a typo of their domain name, Adly.com for $6,000 at Sedo.com .

Adly.com was first registered in late 2001 and changed hands to Adly Inc. on 10-31-2009.

This is a very wise purchase for Adly Inc. because not only could the domain name be considered a typo of it’s Ad.ly domain, but it also matches the company name exactly.

I think Adly Inc. got a Great Deal on the new domain purchase, as Adly is a nice 4 letter brandable domain name… Just like Ad.ly decided to name their company!

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Entrepreneurship 101 – Name Your Company The Same As Your Domain Name

From Jason Calacanis of Mahalo and ThisWeekInStartups.com TWIST Episode 16.

Listen to the clip

Jason Calacanis –   … Number one, the name is terrible… If the name of the company is Aardvark you should own Aardvark dot com. They only own Vark dot com. I mean this is like 101 entrepreneurship stuff like name your company the same as your domain name.   I don’t know, what’s the domain name of Challenge Post?
Brandon Kessler –   It’s ChallengePost.
Jason Calacanis – (sarcastic) Oh is it? Really? Do you wanna know the domain name of Mahalo, by chance? It’s Mahalo.com. Do you know where to find This Week In Startups?   That dot com. You know where to find Aardvark? Drop the a-a-r and the d,   and then put a dot com.
Aaron Vohen – What if they were thinking people don’t know how to spell Aardvark? They would try A-r-d-v-a-r-k.
Jason Calacanis – It wasn’t available obviously, but I mean if you’re…

[Follow-up from TWIST 31]
Listen: Vark ll

Walking the walk.

Calacanis then laid out $11,000 for the domain name Mahalo.com, which, at one point, had been a nude-celebrity site.

Of course there are exceptions (when you’re a seed investor and on the board perhaps?).
TWiST #17 with Ryan Block and Peter Rojas 32:30

Listen to the clip

Jason Calacanis –   I love the logo to g-d-g-t… and you can call it gadget
Ryan Block / Peter Rojas – You can call it gadget,   yeah.
Jason – People can just call it gadget.
Peter Rojas – I say g-d-t-g just so people know how to spell the url.
Ryan Block – I’ve been saying gadget a little bit more lately, but…
Jason – Yeah, people will get it. Anyway… Great to get a four, was that four letter domain available?
Ryan Block / Peter Rojas – We had to buy it but we didn’t have to spend very much. We had to buy it but… surprisingly affordable.
Jason – Under a G?
Ryan – Yeah.
Jason – Oh perfect. I mean, it’s not even a rounding error.
Ryan – So what it actually was was they had like a catalog of just letters. You know, so like g-d-g-t, g-d-g-s, g-d-g-r…
Jason – Oh there just waiting for people to buy them. They’re like, (as in company receptionist), Hello, Domain Squatting Scumbags, how can we help you?   Which domain did we take of yours… bastards… that’s quite a business idea… I think I   ought to do that. Let’s do it with five letters. Probably didn’t get to five letters yet.

Little bit of a disconnect here considering Jason’s comments in TWIST 16. But certainly understandable considering what Gadget.com or Gadgets.com might cost (guessing $400k). Looks like Gadget.com is a real site, but Gadgets.com is parked. Perhaps Gadgets.com owners Domain Capital would consider some sort of equity/lease-to-own deal.
Jason is obviously kidding when he refers to the previous owners of GDGT.com as “Domain squatting scumbags”, but he’s been around the interwebs for a long time. A lot of people do see domain investors as squatters. But only be because someone else has registered a domain name they want. At least a domain investor (or ‘domainer’) is looking to sell the domain! Better a domainer than a competitor who has bought up all the keywords in your niche for the sole purpose of keeping them out of your hands!