Facebook paid $200k for their domain a few years ago. Imagine what they would have to shell out now had they decided against it back then.
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What you fail to mention is that they got by on thefacebook.com for a while before they ponied up and got the current domain ... at that point it was clear they were going to be huge so it didn't matter.
Spending $500k on a domain out the gate instead of getting 5 badass developers working on making your product rock, is stupid to me, but thats just me.
"Spending $500k on a domain out the gate instead of getting 5 badass developers working on making your product rock, is stupid to me, but thats just me."
They have $40.5 Million left for developers and if need be can raise even more. The question is: would 5 more developers make a difference?
Putting aside the point of whether or not it was actually prudent to buy the domain, you take on an attitude that suggests that saving the $500k would have led to a better product. With $41M at hand, I'm not sure that's the case.
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What you fail to mention is that they got by on thefacebook.com for a while before they ponied up and got the current domain ... at that point it was clear they were going to be huge so it didn't matter.
Spending $500k on a domain out the gate instead of getting 5 badass developers working on making your product rock, is stupid to me, but thats just me.