WIRED reports the venture capital (VC) community is well aware of the value of a great domain name. In an August 2015 essay, Paul Graham, venture capitalist and co-founder of the Y Combinator seed capital firm said, “The problem with not having the .com of your name is that it signals weakness.” It’s no wonder that 100% of the top 20 Y Combinator companies by valuation have the .com of their name (Ex. Stripe.com, DropBox.com, Weebly.com, AirBnB.com, LendUp.com, etc.).
David Teten, a partner at ff Venture Capital and former founder and CEO of GoldNames, an Israel-based investment bank focusing on the internet domain name asset class, noted that domain names are crucial for companies looking to receive funding and rise to the top of their space. And the numbers show that .com remains the domain of choice for funded startups.
As an angel investor myself and Vice Chairman of the Long Island Angel Network our recent investments have been in companies that have the .com of the name including eGifter.com, AllBobbleheads.com, BagelOftheMonth.com, VoiceCrew.com and JustRivals.com.
You can read the entire WIRED article here Why .Com Is The Venture Capital Community’s Power Player
To your domaining success,