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Founder's $350K Domain Gamble Bankrupts Startup

Nikita Bier
Nikita Bier

I met a founder the other day who raised $500K and used $350K to buy a hyper-specific domain name. I told him he should've validated the product before buying it -- and then change the name afterwards. He said "Great, I'll do it for my next company that isn't bankrupt."

Topics

startup fundingproduct validationdomain strategyfounder mistakescapital allocationbusiness prioritiesstartup failure

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