> Isn't this the type of vanity purchase that usually happens after you validate your idea with 10,000 customers and you got a round of investment to go big?
- The founder previously flipped his startup Screenhero to Slack and got some cash out of that I suppose.
- Interest is negative, that money is just costing money.
- Short dictionary domains are a pretty low-risk investment, I don't know the market well but I suppose they tend to increase in price over time.
- So if the company fails he can sell it. Meanwhile it's an asset on the company's books so it's part of the valuation etc.
Sounds like this is the "second startup" version of rich-ish parents buying an apartment near college for their kid to live in, hoping to flip it for more when they graduate. Doesn't seem all too "vanity" to me, it's just combining pragmatic usefulness with an "good enough" investment opportunity.
- The founder previously flipped his startup Screenhero to Slack and got some cash out of that I suppose.
- Interest is negative, that money is just costing money.
- Short dictionary domains are a pretty low-risk investment, I don't know the market well but I suppose they tend to increase in price over time.
- So if the company fails he can sell it. Meanwhile it's an asset on the company's books so it's part of the valuation etc.
Sounds like this is the "second startup" version of rich-ish parents buying an apartment near college for their kid to live in, hoping to flip it for more when they graduate. Doesn't seem all too "vanity" to me, it's just combining pragmatic usefulness with an "good enough" investment opportunity.
ps. wow this app works really well!