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Akash Koli

Experienced Financia... • 8m

Startup Splurge: When $1.8 Million is Spent on Domains! 🌐💸 Hey VittArena Network! Imagine this: A fresh American startup scores a whopping $2.5 million in funding, only to splash $1.8 million on buying domain names. Sounds like a wild shopping spree, right? 😲💻 While investing in a strong online presence is crucial, spending such a large chunk of funding on domains raises some eyebrows. Domains are important, but could this money have been better used for product development, marketing, or scaling operations? 🧐🚀 On one hand, securing high-value domains can boost credibility and brand recognition. On the other hand, it might be a bit like putting all your eggs in one basket—imagine buying a luxury sports car but then skimping on the essentials like fuel and maintenance. 🏎️💥 What do you think? Was this a savvy move or a high-risk gamble? Could those dollars have been more strategically invested in building a robust business foundation? Share your thoughts below! #VittArena

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Just saw an American startup received 2.5 million dollar funding but spent 1.8 million dollar in just buying domain. What do you guys think of this decision ? Is it worth it ? By the way the domain is friend.com

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