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
Havish Gupta
Stealth • 6m
Cars.com was purchased for $900 Million and there current revenue is $650 mills.
Btw i would say they should have choosed friends.com instead of friend.com
World's most expensive domain is "Cars.com" bought for 900 Million Dollars.
So cars.com is a leading digital marketplace and solutions provider for the automotive industry that connects car shoppers with sellers. In simple words, American CarDekho.
Top News of the Day:
1. Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
2. Cleantech startup SolarSquare raises $40 million in round led by Lightspeed
3. FirstClub of former Cleartrip CEO Ayyappan
How Thrasio Made a $10 Billion Company by Buying Small Businesses
So Thrasio's story began in 2018 when Carlos Cashman and Joshua Silberstein saw a unique opportunity.
Small Amazon sellers often had great products but lacked resources to scale. The
See More
3 replies3 likes
Harsh Dwivedi
•
Medial • 7m
Top News of the Day:
1. Ethereal Machines Snags $13 Mn To Help Automate Machineries
2. Trampoline has raised $5 mn in a seed funding round co-led by Matrix Partners India and WaterBridge Ventures.
3. Zepto looking to raise $650 mn funding at a val
Top News of the Week:
1. Funding:
- 31 Indian startups raised around $336.45 million in funding this week. These deals count 11 growth-stage deals and 18 early-stage deals. Moreover, two early-stage startups kept their transaction details undisclo