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why? when fred wilson talks about saving a few thousand dollars, these guys go out and blow a fraction of million! i mean think up something like instagram.
especially when something as memorable as fireblot.com is still available for $10
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Upvoted for hard data. Strange, though, that out of the most valuable 10 domain names, I don't recognize any as being at the top of their industry. I wonder if they got their money's worth. At least it's a fungible asset unlikely to depreciate. You'd have to do extraordinarily awful as a business to significantly lower the value of your domain name.
I have doubts about their long-term value. People enter actual urls less and less, eventually I can see the browsers ditching them completely (from the presentation layer), and then you might struggle to find anyone paying millions for .coms. Likewise the marketability of a 'dotcom' brand might fade like tech terms often do (remember when everyone used to boast about having 'CD-ROMs').
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The secret is these were not all cash sales. Many times it's an "equivalent stock swap" which is bogus. They publish large numbers for the publicity, old trick. With "color" they probably had to pay cash, so it's a real sale.
As someone with a company that has purchased 6 and 7 figure domain names, I wonder why you make this assumption. All our deals were for cash, and I have no reason to believe these listed deals were otherwise. Do you have any citations?
As someone who isn’t good at SEO, is the name and domain going to be good or bad for the company? I tried to find the app on the iTunes search result list and gave up (until I found a direct link).
i don't think this name is good for SEO since it's such a generic term; but it really shouldn't matter given the amount of money they have, and being a primarily mobile app. they're coming up 10th for "color" right now, while it's cool to be able to say color.com, does it really matter? i don't think so- think they didn't need to spend close to half a mil on color+colour rather than going with something like getcolor…