3 ms·

Your reasoning can be applied on a micro level also, comparing the name mint to wesabe. The former is unquestionably easier to remember, type, and tell friends

by johnrob 16y ago

Your reasoning can be applied on a micro level also, comparing the name mint to wesabe. The former is unquestionably easier to remember, type, and tell friends. Is it worth spending a lot of money to get a premium domain? The question sounds very similar to asking 'how much effort should I spend making 1% improvements in usability?'. One of my friends spent (from what I heard) over 200K for a very good domain. It seems wasteful on one hand, but on the other hand they must get a lot of credibility because of it.

pg 16y ago
Depends on the situation and the name. I can't imagine many situations where it would be worth paying 200k. You can get good enough names for free usually, or at most 10k. It just takes some ingenuity.
- mikeklaas 16y ago
  Perhaps, but most high-priced domains will retain a significant chunk of their value if not appreciate over time. In the worst case, you resell it.
  - pg 16y ago
    Interesting point. For most startups though the opportunity cost of having that cash tied up is a problem.
  - deleted 16y ago
    [deleted]
frossie 16y ago
I know the dude himself says it wasn't the domain name that killed it, but I was a wesabe user and I too can tell you the founder's assessment was spot on - financial data import was too tricky with wesabe. And I tell you as someone who did NOT jump to mint as a result - I admired the morals ("noble purpose") that wesabe had, and when I couldn't really get it to work for me, I just gave up on that kind of product. The sad thing is, and I know this is easy to say in retrospect, was that if they had polled their users at the time, especially ones like me that spent some time on the system and then faded away, I would have told them that was my showstopper (though granted by that point it was probably too late to change their whole business approach).

3 ms·

Your reasoning can be applied on a micro level also, comparing the name mint to wesabe. The former is unquestionably easier to remember, type, and tell friends

by johnrob 16y ago

pg 16y ago
Depends on the situation and the name. I can't imagine many situations where it would be worth paying 200k. You can get good enough names for free usually, or at most 10k. It just takes some ingenuity.
- mikeklaas 16y ago
  Perhaps, but most high-priced domains will retain a significant chunk of their value if not appreciate over time. In the worst case, you resell it.
  - pg 16y ago
    Interesting point. For most startups though the opportunity cost of having that cash tied up is a problem.
  - deleted 16y ago
    [deleted]
frossie 16y ago
I know the dude himself says it wasn't the domain name that killed it, but I was a wesabe user and I too can tell you the founder's assessment was spot on - financial data import was too tricky with wesabe. And I tell you as someone who did NOT jump to mint as a result - I admired the morals ("noble purpose") that wesabe had, and when I couldn't really get it to work for me, I just gave up on that kind of product. The sad thing is, and I know this is easy to say in retrospect, was that if they had polled their users at the time, especially ones like me that spent some time on the system and then faded away, I would have told them that was my showstopper (though granted by that point it was probably too late to change their whole business approach).