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by zach
5735 days ago
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If the most important thing is getting people to start using a site, a weird name (sorry) is a definite barrier. Imagine a website is behind a locked door, like a 1920s speakeasy. You have to hear, remember, then say (maybe even spell) a secret codeword to a grumpy doorman to enter. This is pretty much the user reality. A startup could easily test domain name memorability using Mechanical Turk, I think, which would make this a far more objective exercise. Briefly show panel members a short list of websites and descriptions, then quiz them. If you get your numbers from 30% to 60%, maybe paying a few thousand dollars for a domain name isn't so bad. I know many (myself included) still have a 1990s level of spite about paying for resold domains, but maybe we can get over that if it's quantified. Finally, I'm not saying mint.com is necessarily worth two million dollars, but I quickly add that if it's worth two million dollars to anyone, it's to a financial-services startup. |
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