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The unusual rise in short startup names and why you should avoid this practice

submitted this link on January 28, 2023
  1. 3

    Great article and you're making an excellent point.

    I was a bit worried when I saw your title since our start-up name, Nuro, is a pretty short name, but the strategic thinking we're doing right now about re-branding is 100% in line with what you shared.

    After just a few weeks I realized that we had to actually call our "brand" Nuro DOT VIDEO otherwise people couldn't find us (the dotcom domain is parked, and the dotai domain belongs to a Google-funded billion-dollar company making autonomous robots).

    We're now preparing to rebrand to a different name that is more distinctive and easier to remember and write than the current name.

    Your article was helpful. Thanks @AllOutNerdClan !

    1. 1

      Hey there Nuro, thought I'd leave a little note that may help you find a great domain name for cheap.

      I look through name liquidate (dotcom) usually multiple times a week - not affiliated to them in any way other than the fact I've bought some domains off of them in the past.

      Have gotten some amazing domains for friends, future projects and personal redirects/ brand protection; and for really cheap. It's a reverse domain name auction for dropping/ expiring domains etc.

      I think you'll find an awesome one on there. I've noticed with the reduction in startup funding/ vc's, lay-offs, post-crypto bankruptcies etc. that many really good names are being dropped by (I can only assume) owners who owned multiple, and either forgot or gave up on ideas.

      Thought I'd share some I found today (didn't buy but just sharing the types of quality names on there) just now.

      PS: All the below are .com's - ps these are just 'brandable, random domains with potential that stood out to me, not necessarily ones I found for your brand/ re-brand, sorry!)

      PPS: Most of them are under $100 (but some, like 'propertyaftermarket', just seem to have started so maybe it's worth keeping an eye on but not buying something like that - property aftermarket for <$100 seems cheap, esp .com!):

      • metrickids

      • detroitwholesalers

      • daowhitepaper

      • dudematch

      • dabwork (brandable)

      • happypatriot

      • bringyourkids

      • corktape (brandable)

      • propertyaftermarket

      • learnpcs

      • mastiblog (means 'fun' blog in India)

      • kisanblog (means 'farmers' blog in India)

      • khabarblog (means 'news' blog in India)

      • creativewritingtopics (self explanatory)

      • turkeyflags (really easy to start or 'shift' an Etsy side hustle to your own D2C store in this niche, and expand accordingly - got a friends wedding in Turkey coming up so maybe just resonated because of that lol)

      • ipiga (short, could mean something in a diff language so mentioned it)

      Also, try namy.ai (really like this one as the ones it generates actually, more often than not - unlike many others - are available to purchase).

  2. 3

    Thanks for this!
    I do remember I read a study recently citing that companies with simple, easy-to-pronounce names performed better in the stock market than companies with complex or difficult-to-pronounce names, and I also think they accounted for statistical bias so this result didn't originate from something simple like there being more companies with simple names in this high-end domain.

    On the other hand, there is a theory called "processing fluency" which suggests that people tend to prefer and remember things that are easy to process, including easy-to-pronounce words, and I do remember these studies very clearly from my Psychology lectures.

    Even though this is probably a slight boost to a much larger equation, I presume business founders look for even the slightest edge they can get over the competition.

    1. 1

      It's interesting you mention that. This is another reason why in Australia for example, 3 letter domains are quite lucrative. They have multiple use cases, but more importantly, most ASX companies are 3 letter codes (so having the right one becomes a pretty important positioning/ branding strategy) from a 'reliability, trust, credibility, well backed perception point of view - many reasons).

      Memorability is imp too - it's why Ferrari's is RACE, Atlassian's is TEAM and Facebook rebranded to META

      1. 1

        Also, definitely more than a slight boost (now given the 'finding the edge' bit is harder and harder as CHATGPT, AI, AGI, No-code, clone-able web flow pages etc. gets easier and easier).

        Brand is the most overlooked thing.

        'Personal branding' unfortunately (companies and people learning the hard way), is what most young/ key entrepreneurs and companies were/ are focusing on ATM which is 'kinda right, but not'.

        The problem?

        As you can see, that can go really wrong, really quickly (Kanye x Adidas) where as 'standalone branding' (like GymShark) can mean that even if the founder sucks (which BTW in GymShark's case it DOESN'T - he's cool AF lol), but the 'brand' can still be salvaged.

        It's why companies like Monster (dotcom) are relaunching, why (even after everything that went wrong), Wells Fargo/ Lehmann Brothers and their 'brand assets' (not individual people but actual assets aka trademarks n IP) were 'of some value' (and by some I mean a lot) to many people.

        Proof? No matter how badly stuff went down, people on LinkedIn still (maybe less now as everyone gets more aware and older and ethics conscious, which is good) had 'Ex-Wells Fargo, Lehmann Brothers' on their resume like it was an amazing thing. LOL

        The power of brand. They can get away with a lot more. I don't recommend doing anything to 'get away' with worthy in the first place, but it gives you that 'moat' or privacy edge, while allowing you to leverage your personal brand as much alongside the 'main brand', (or as little) as you want depending on your situation.

        Very easy to pivot, essentially - throw in a single word or less than 6-8 character .com, and this gets even easier since if a startup doesn't work out, some of these (generic ones like sex, loans, business dotcom, desktop, video dotcom) are so powerful, they could literally end up making a failing business on close, into a profitable one, solely due to the value of the domain name.

        In a future where more companies are D2C/ Digital first and digital native, business loans naturally, will also be shifting towards 'these' businesses (obvious reasons since that's what people are starting).

        The commercial assets, when a business will go for a loan, (in the eyes of the bank/ lender) will be 'what does X own IP wise? the only one that everyone can recognise, as trademarks may be worth a lot but again, could be disputed - etc. etc., but a .com domain name = makes fundraising, and lenders job much much much easier).

  3. 3

    This is actually a really good conversation (and the responses too).

    I'm in the process of launching a weird idea (an open venture studio) where people will come together to work on ideas. I currently own a few too many domains (a long story) and will be giving away the majority of them.

    Some important things when considering a domain name, include:

    • .com
    • if not .com, .in, .co.uk/.uk, .au/.com.au (or similar) - in fact many people prefer this.
    • considering that typos may cause huge issues if there's an email/ data leak (e.g. with .co)
    • if you own .au, you may want to consider the possibility of typos and grab .ai
    • radio test (I think I remember hubalz etc. from the comments below, but the fact you'll have to say 'it's with a z' or may have issues with voice to text search, is just a tiny considerations.
    • don't underestimate the success of your brand and it's reliance on the domain name alone. Some domains are literally brands in a box and the hardest study (yet to be done and very hard because so many factors and it's hard enough to know price and acquisition costs of domains in general - as many don't want to disclose this) but one example is 'connect.com' which was recently bought by hubspot for $10,000,000 USD.
    • descriptive words are great but try and grab words which allow you to also have a 'shorter url'. E.g. lawyers live.com and grab lawyers.live at the same time.

    I have named and hand-registered, bought, sold and (still own many) over 15,000 domain names.

    I have had many UDRP and disputes raised (won them all).

    The benefits of a generic name, are like an apple device. Instant credibility/ reliable seeming, and great resale value.

    Also, it's extremely hard to sue someone for generic words. Trademark law is your friend here.

    For some context, I own livestreamed.com, rekn.com, and am launching a podcast soon (ironically I'm stuck on the name to call it hahah but the shorter form of the pod will be called 'vc.fm').

    TLDR:

    Stick to .com, ideally buy 2 word (maybe even 3 short word domains), there's a lot of scepticism atm around fake sale figures and people (look up Mike Mann - OG investor, and his take on the 'Schweta' xyz sales scandal on twitter).

    I would never use anything but .com IF you really want to succeed on a 'branding from day 1' point of view.

    PS (also)
    Many big companies or trending startups use generic names in other tld's because they've already secured or 'leased but not yet used' with an 'option to buy' agreement for the .com (that way they can launch with .co, secure the .com agreement option as '$200,000' by 2024 (random hypothetical term), and see how it goes.

    Spam also acts as a huge issue (.com is the least likely to be blocked)

    Furthermore, some old registry's shut down due to lack of support and then there goes your domain (e.g. .desi may close one day and I have a couple of those domains).

    There's also been a lot of money poured into, by a lot of people (apple, google) and every brand, to really focus on the .com. Given the way funding is at the moment, trust issues are and everything else going on making raising capital difficult, the only good lesson you should learn from crypto/ ftx issues are - they both nailed the branding with the Dotcom's.

    I have seen companies struggle when they don't do the above. E.g. depix.com (a domain I own) someone really wants it (highly likely it's depix.ai) and I won't take less than $200,000 as it is one of my best names (shortest and great radio test). And having to rebrand for them, will be a mission.

    Throw in AI, CHATGPT and other advancements like Midjourney, a lot of your other costs and issues/ time are significantly reduced. This means though, everyone else also has access to these tools/ assets. The biggest differentiator is brand, and the quickest and fastest way to nail this is a good dotcom.

    1. 2

      Also I didn't (nor use) GPT for any of my responses as I find that my experience is hard to replicate in this sector.

      I will also be giving away tonnes of names and selling many (using the profits to build a venture studio focusing on impact focused startups) that I want to do.

      Trying to figure out the best way to make a website around this entire idea (submit idea, let people vote and suggest domains) and instead of selling them, let people use the domain - if they keep them and it works out, we keep 1-5% (or based on a dollar value amount) equity. This saves the entire issue of 'companies like fb raising venture capital, and then having to spend $8m out of the $12m, on fb.com' or something.

      Bubble did this I think ($200,000) for bubble.com - first thing they did when they raised a big round.

      I feel like there's a huge gap here and something that is worth delving into.

      Also, if someone is working on an idea I like, or impact (esp if not-profit) I am happy for you to use my domain/ buy one off me/ give you one (and transfer it to you once a few things re: due diligence are done).

      Just want to really bring attention to this. I have rejected (for some context) a $24-25m offer(s) for my entire portfolio twice

      1. 1

        Hi @preetsg, how do you plan to make your domain portfolio browsable/searchable to entrepreneurs can figure out if one of your domains suits their use case?

        1. 1

          I was working on uploading them to marketplaced.com (was using softr.io to build that) but given the fact that I genuinely don't want to sell them for profit but rather (hard to explain but can do so via DM if you like or try) use them as a competitive advantage for my venture studio.

          I may just make a kind of blog (which transcribes my podcast suggested names for free) and, for registered users (free) a 'typeform submission page' for people to suggest ideas and reach out.

          If we like the idea, and we can agree on a potential price, then I would ideally do this:

          a) let the startup build on 1-3 different names. Why? This would be the ultimate A B testing. So so many people don't realise that when knowledge and access to information, design and UI/ code is accessible and only becoming more accessible by the day, the biggest differentiator (like I mentioned) being the brand name, plays an immensely underrated role.

          If you listen to Gary T (Y Combinator) talking to I think it was the founder of 'Soylent' (or something) during a podcast interview, he literally says 'that name itself is probably worth millions of not a billion' or something. And this is BEFORE ChatGPT etc...

          E.g. Direct fit terms, exact match terms, exact match 1 words or really short .com's (especially after this whole crypto and phishing/ scam/ cyber scam surging), are an insanely valuable asset.

          A venture studio which > people reach out to with their ideas and (if they have one) MVP/ existing brand name > if we like the idea we get back to the founders >

          We discuss whether they

          1. want to buy a domain name (if we're willing to sell) or maybe it's a name (like livestreamed.com, rekn.com or comfyas.com [holding on to this despite some 5-6 figure offers, lol for an e-commerce D2C brand idea] we can both work on.

          2. If it's something they want to do a JV for or some sort of agreement (if we can both work on it and want to) and agree to do so 'if we raise capital' together and use that to pitch externally to the right VC's

          3. If they agree on a price, say $50,000 or $100,000, but they don't have the capital and aren't (maybe) sure of which out of the 3 domains they like, they should choose.

          This 3rd option would allow them to spend $0 capital (no rent to be paid nothing), work on the idea and give them the option to buy it by X date (or whatever agreed).

          At the end, they could (if they want to) based on the capital raise, allow us to take $ equivalent of equity based on the valuation they get

          OR pay the original agreed fee (or if we didn't agree to that, maybe we agree to 100k + 10% if not in exchange for equity - this would allow them to pay me $110k, keep their equity if they like [in case they never end up needing to raise because their idea/ MVP takes off and customers come in - I don't want to burden them if this was the case as I truly want what's best for founders first]

          Alternatively, (while I'm figuring it all out) feel free to just publicly message me or give me a budget/ what sector your startup is in /what you're thinking idea wise.

          Keep in mind, for those who don't understand the power of a brand name (dotcom especially), I will do my best to constantly reiterate and share the data/ facts, but don't need to look too far.

          Connect.com sold for $10,000,000, in Nov 2022 to Hubspot.
          Facebook's genius for buying 'messenger.com, internet.org, bulletin.com' etc.
          Salesforce owns 'social.com'. (they all redirect)

          So anyone who thinks me owning the ones I do is 'hoarding'

          a) they aren't, because by smaller entrepreneurs (who bought them for either brand protection, competitive block, competitive edge, multiple names to test different names with the same idea in different demographics/ age groups/ positioning/ etc.) owning domains, the above (all that I mentioned) is actually a possibility.

          If the big guys like salesforce, fb own it? Good luck ever getting access or getting them to sell the name again. Once it's gone, it's gone.

          Hence why I grabbed as many as I could, and want to help co-founders, startups and ideas I like or people who align with me (impact focused, great ideas) and help them get to market ASAP with MAX credibility, positioning/ branding (to the best of my ability of course), max 'trustworthiness' and highest (as possible) 'response rate' when emailing to VC's and angels or even if running crowdfunding campaigns.

          All without needing to buy the domain or re-brand for $$$ later.

    2. 1

      Very interesting insights. Thanks!

      Wouldn't a company like Depix be able to claim it? If it's their brand and the domain name is not used. How would you prevent that?

      I would argue that this brand does not pass the radio test (depix sounds like depics, maybe even thepix/thepics) but English is not my native language so I might be wrong.

      1. 2

        Hey mate, thanks for asking this (almost forgot to mention!).

        So when it comes to trademarks, you can't really trademark a word in 'everything'.

        E.g. If someone was to put in a trademark (real life example being depix.ai, a company which does own the trademark for depix - a quick wipo [quick as in once you find the link haha, they have been changing it around but I'll find and post it here - just search 'wipo db trademark search' or something along the lines]

        Depix lodged (and owns/ approved) trademark for certain classes and use cases.

        So

        1. Just because someone owns a trademark, doesn't necessarily mean they have the automatic right to every single product/ class/ service type or exclusive rights to use that name.

        2. Many people don't know this but when it comes to 'words' (this is especially applicable for more local trademarks e.g. if you do a 'tm search' in Australia), they generally own the 'trademark' for 'that word IN THAT specific logo/ design style, not just the word blindly'. So it may show 'trademark approved for X name' but that doesn't mean they own that 'word on its own'. Many people however, not knowing this, just see 'depix - trademark issued, oh crap can't touch this now I guess'.

        I mean I didn't even know about depix.ai, I simply bought depix.com on a GoDaddy auction and have many use cases for it. But to make this even more 'in my favour', once the company (they used a different account but I am 99% sure it was them given some research I had done, as it couldn't be someone else really) has reached out to me with the intention to buy it off of me, especially when I didn't even have it on for sale/ wasn't listing it nor had I reached out first to anyone (it was a purely inbound purchase/ price request), they have effectively admitted that they want something of mine that they acknowledge 'I have the rights to'.

        This is very common and very (unfortunately) common. Big companies will try and make an offer, and if the owner doesn't want to sell it OR the offer (in the buyers eyes) is 'unfair' - they will quite commonly put in a UDRP (datasite.com tried to do this with me, for datasite.com.au - you can look up datasite vs Preet Singh lol).

        Not only is this unethical, but it's not 'highlighted' enough nor talked about since a lot of the companies that do it, control media (google, Microsoft, etc.). Keep a tab on UDRP.com and RDNH.com (RDNH - reverse domain name hijacking).

        1. Furthermore, another interesting and more recent example (this commonly applies to things which are short, one word or short acronyms etc.).

        EVEN if they do have the word AND the 'logo' AND the 'dotcom' AND are in a similar business/ use case as you AND launched already, it will come down to logic, reasoning, public interest and good faith etc. Crypto dotcom is a good example here.

        E.g. Crypto(dotcom) tried to sue/ put in a complaint I think crypto.io over something like this. This is a clear situation where it's almost guaranteed that 'crypto' dot something will be a crypto related startup (it's like trying to block anyone who bought money dot something - just because you own money dot com - it's not right nor fair).

        Why?

        a) giving a company the monopoly and sole right to crypto would be ridiculous (worldwide, too!) - you're basically saying that because someone is born earlier, not only do they have a potential head start as they bought the .com earlier, but they now also have a monopoly over the dictionary/ English word that is used by so many people? Doesn't make sense

        The exception here (and rightfully so), would be a made up word like 'Telstra' (which is an Australian phone company). It would be pretty 50/50 depending on which country you were in, what the startup as based around and what your potential future/ current/ intended offerings would be. But keep in mind, this is because Telstra is NOT a dictionary term, is a very very long term established brand and 'some good faith and logical' discovery in a court case in most cases, would highlight some intention (especially if the owner of say Telstra.io just had heaps of 'CPC ads' and they all went to Telstra phone plan deals on Telstra.com' - this is clear breach of using someone's trademark for unauthorised association and in bad faith [to make money off their name or mislead].

        Even then, a random Indian startup could call themselves Telstra.in and launch something completely different to Telstra (especially if Telstra is focused on a specific - which they are - demographic, like Australia).

        However since 'crypto' is a dictionary term AND realistically only really able to suit a few types of startups, crypto should not and would not be able to be trademarked 'as a word solely' by crypto dotcom.

        This is fair, this is fine and at the end of the day the advantage isn't the 'trademark of crypto' but the 'trademark of the brand value combined and thanks to ownership of the .com' version of crypto [crypto.com]. This is why many many .com companies (they all know this, like hotels and booking etc.) use the dotcom IN their actual name/ logo. It's called hotels.com' not just hotels. Because THEN 'it becomes hotels.com' as a recognisable trademark and you can slowly start to see how (over 20-30 year) this has lead to a huge concentration in power/ reliability and recognition for the 'dotcoms'.

        1. What's interesting is though, people assume all words and 'little potential hidden gems' like dictionary terms must all have been taken, but here's some interesting info that may be of use especially if you're a multi-lingual founder.

        Many people think 'oh they must have all been taken then?' but they don't realise that the dictionary/ companies are constantly adding words every year from multiple backgrounds.

        A great example of this is Shaadi.com (they have run that business as a matrimony service). However, they could not possibly own the word 'shaadi' (and they have tested this, and lost - which is what I was waiting for. As I'd rather not deal with the headache in case the courts were unfair or I was interpreting things wrongfully).

        Shadi.com and SecondShaadi.com etc. were given a trademark infringement notice (you can find the cases somewhere) and Shaadi.com argued 'they have built their brand'. Judge/ panel argued exactly what I mentioned above: Shaadi (the word for wedding in India) is not just there to be used by 1 person as a monopoly. That's ridiculous.

        This outcome was 1 of 2 things I was waiting for. The second thing I was waiting for was Shaadi to be added to the 'official dictionary'. Once that was done (I think 2020 or 2021 or so), the first thing I did was (again, the edge here is being multilingual and understanding trademark/ brand value basics) buy Shaadis.com (alongside Shaadibook and others like CelebrantSearch, which I will redirect all to Shaadis.com). This was like buying 'weddings.com' if someone else owned 'wedding.com'. Of course, you'd rather own both (like hotels n hotel .com) but if you can't, and one is clearly focused on a specific 'one' service (like shaadi.com is), it makes complete sense to consider the plural 'shaadis' for something like 'knot' (dotcom). A wedding planning, invites, guest book, venue finder, livestreaming, messenger app.

        The amazing thing was, by knowing what to look for (the 2 things being the shaadi vs shadi trademark dispute outcome, and the dictionary 'adding' shaadi as a word), I ended up grabbing Shaadis.com for like $2-3,000 or something ridiculously cheap (keep in mind, the word shaadis is applicable to like 1/4 to 1/5 people in the world given the population of Indians/ ethnics who use that word).

        I did the same thing with livestreamed.com (literally lol - and have had an offer over $1m+ for livestreamed.com - only bought it for $1200 or something because again, most people were probably reluctant, and the website I bought e.g. Shaadis off, had picked it up using English trained software so it didn't realise the value of the word 'shaadi' (even the for sale page had it listed as 'ShaaDis' which kind of reinforces that 'lack of understanding by AI/ keyword program' - huge advantage like I said, if you're human and multilingual).

        ______________________
        5. In the case of the 'radio test' for depix, sure it definitely doesn't pass a perfect test when you look at ALL criteria, but I got it at an auction for a decent price.

        And it is very brand-able, due to the:

        • syllables (2)
        • character length (6)
        • tld (com),
        • Other tlds: The number of 'other' tlds it's taken in (hint: use dmns.app - if a word is taken in multiple tlds, this is a GREAT sign that you're not the only one that thinks this is a good domain name, and not the only one that needs it - and this makes potential reselling easier IF the project fails, or you decide not to pursue it. I searched depix, and it was taken in 8-12 other TLDS, so thought paying $2k or whatever I did at auction for it, was a steal.
        • Other use cases: depixelate (if someone owned depixelate.com - not sure if they do, but this means every time someone used or heard or typed that word in, chances are this would bring in flow over/ traffic leakage to depix, possibly to the point where the owner of depixelate [or similar] may just want to buy it for a nice chunky $ and that would let you focus on other projects.
        • the way it looks: It looks cool too, the 'x' makes it cool, and honestly 'depics' or 'depicts' are not as nice as 'depix' so, out of the 3 this is the best one 'even though technically the radio test' would convert (text to voice) this to 'depicts', once you have depix seen/ memorised, I doubt you'd not remember it. Pretty short, powerful word.
        • depix is easily an acronym more than a 'two word' or something play

        e.g.
        decentralised property investments exchange
        decent pictures
        depixelate
        depict (e.g. an AR or VR overlay app potentially)
        digital earnings and private investments exchange (probably not this LOL)
        decentralised pictures exchange (stock image sales)

        or just purely a DEPIX (all 6 letters as acronym):

        Digital, Entrepreneurs, Products & Investments E(x)change
        Domains, Equities, Properties and & Investments Exchange

        This would not in any way shape or form, be infringing depix.ai, and EVEN if we had 'some' overlap in features, given super apps and 'consolidations' these days, every startup or tech or Saas is bound to have some overlap. The playing field has changed. Therefore, the only other thing the judge/ panel (if a complaint was issued) could look for is:

        • how many people actually KNOW or 'say' depix.ai' or use it? How powerful and 'aware' are people of the trademark? Unlike hotels or Telstra or similar, depix.ai, being a relatively new company/ startup = may OWN the trademark for a certain class even, but it probably wouldn't be enforceable even if we had the (almost) exact same idea, as long as there was no intentional copying/ bad faith attempt to mislead customers via malicious intent.
        1. 1

          Sorry (LOL) for the essay

          I like going into detail (clearly) - even if it can help 1 person, it's worth it :)

          1. 1

            Oh also, one thing I forgot to mention, a 'domain may not be considered NOT IN USE' just because the website may not resolve.

            They may still be:

            a) in 'private' or beta testing, stealth phase, prototyping, waiting for trademarks or patents to go through, may have a provisional patent with the intent to 'put things in (aka trademarks) later'

            b) depix may not be 'their brand name' (hypothetical situation). It could be that a company called depixelate (again, hypothetical) or 'photo edit' is launching an in-app feature called 'depix' or 'depix me' (similar to how apple has things like 'garage band or FaceTime'.

            In fact, if you type in FaceTime.com it goes to Apple. They don't 'own' a physical item nor call themselves FaceTime, but a feature within a service, if they like it, is good enough reason.

            Similarly, depix.ai could argue all they want but if they had a company called depix, doesn't matter what trademarks they own and whether depix.com is only (for now) parked - I may have plans for an in-app feature, to eventually redirect depix.com to my other (main) site (like apple does with FaceTime.com to Apple.com) and that alone is fair and reasonable use. It's brand protection.

            c) I may be using depix as my email inbox of choice. Just because someone may not have a website doesn't mean they may not be using the domain name :) Hence why the complaint (again) by depix.ai, wouldn't stand (credit to them, they never tried this nor complained). Not yet anyway

            1. 2

              Woooow! Thanks for the super detailed and informative answer.
              I'm one step closer to buying a ton of domains ^^
              I bookmarked this post. If I ever get into trouble with someone trying to buy a domain from me, I'll just reread your comments!

              Do you make a living out of reselling domain names? What was your best sale so far?

              Seems like you have a ton of knowledge on the matter. I wonder if you could sell a service around it or some form of paid content/training. Just an idea.

              1. 1

                That's ok! I'm just glad it was helpful :)

                No actually, I don't - weird I know (I have used sales to sustain and slowly buy better names and build a more consolidated portfolio).

                I have had some multimillion dollar offers for the entire portfolio, and have rejected some $1-2m offers for single domains (but I chose to keep these, as I've only really owned/ bought domains since 2020).

                Background:

                Parents went bankrupt in 2012, dropped out of uni to start a business to try and help, as we have been evicted etc. (went back to finish my degree in 2015).

                I started a frozen yogurt startup founder, and built that into a number of outlets (under my own brand, and franchised out). I had 8-9 stores, put that money into properties (as I didn't know anything else) and they doubled.

                I went back to uni in 2015 and started trading equities while learning more and more about property, and until 2019 I was supporting myself from savings + trading (not meme stock trading, lol like systems trading).

                I had my father in 2018 commit mortgage fraud (he's horrible with money and a gambler) which I'm still fighting and pushing for justice for (as many bank employees are involved), and since then life's been a struggle, but luckily I had my main residence paid off and some capital (as a backup) saved up.

                After not feeling comfortable trading equities with so much on my mind, and scared to lose capital due to any bad decisions (I did not think I was in the 'frame of mind' to trade stocks at the time), and I am not a gambler so I refrained completely - plus wife's a lawyer so it was annoying if I did anyway, as there's always conflict of interest disclosures blah blah, so just thought 'how else if I was to build my capital up again, would I'.

                I thought of starting a couple of startups around plants, gardening (which kept me mentally focused and actually resulted in me not completely breaking down during all of the above), and focused on learning DIY/ hands-on things around the house.

                DIY + Gardening were two things I got fascinated in and thought if I ever did a startup again, I didn't want to be in the situation where I didn't own a good domain name (my frozen yogurt brand was named Yoli but I ended up always having to use MyYoli and it created just friction so it was a lesson well learnt, in early 2013-2014).

                I ended up buying a couple of domains at the end of 2019 and early 2020, and surprisingly someone made a $20,000 offer for one of them (and sold another one shortly after the first for $6,000). I had bought them both for $9.50.

                Then covid hit, and I started getting offers AND complaints (like the Datasite vs Preet Singh one I mentioned lol) which forced me to learn anything and everything (my wife may be a lawyer but she has zero knowledge about trademark etc. law so this part was me on my own). The complaints, although annoying AF, made me realise the importance of names/ branding and how valuable these things must be (since why would a company go to all that trouble?).

                I never buy nor have ever bought domains which indirectly or cunningly infringe on anyone's trademark/ intentionally slyly mess with anyone's existing name (I have on multiple occasions given domains to people for free or registered and transferred domains for free where I noticed the owners may want to - to prevent future cybersecurity issues since the (ever increasing) issue of 'id theft' [thanks to my experience with my father and the bankers] hits very close to home for me. E.g. domains like equity mates (dotcomau) when the owners forgot to buy it and owned equity mates (dotcom). They had just raised capital which would put them at a higher risk of being scammed/ potentially blackmailed (as many people type .com or .com.au when sending emails which usually results in leaks or data breaches or business email account fraud/ take overs, so it's very important to secure ideally both for many companies - now, it's a little bit better and you can potentially get away with 1 depending on the context, but early 2020 it was a nightmare and sh** show.

                So I always did everything (and still do) with good intent, as I like my edge being legitimate, research and hard work based (my unfair advantage is my willingness to put in a sh** tonne of time and research to anything I do and driven to one day build a real estate tech (prop tech/saas) company which will eliminate a lot of the issues that I've come across in terms of scams, fraud, bank fraud etc. (banks are so so archaic and outdated it is mind-blowing you'd be shocked). I was short on capital, had no job, money/ time and emotional capacity was going towards the entire fraud situation (still is but not as much, but releasing a full campaign soon).

                Meanwhile while trying to voice my opinion and share the news/ raise awareness of everything, I realised no media outlet would cover my story as the bank involved was one of the largest advertisers with almost all of them. I also ended up seeing a lot of f***ry on twitter, censorship on google maps when posting reviews etc.

                Around the same time, after Trump got deleted off of FB and Twitter, I really realised that if you didn't own your own assets (digital, domains, digital land) then you were pretty much waiting for them to shut you down.

                So I set out to achieve 3 things:

                1. rebuild my wealth
                2. figure out how to build a media company from scratch in 2020 (as ridiculous as it sounded)
                3. use my knowledge/ analytics and lived experience, and find out how to best utilise my money by increasing my chances of 'successful domain sales' (so I could then use that capital to pay for legal fees, build my media company).

                (Covid made it all worse, as I was stuck home, and not sure what to do).

                Then I had an idea - why not use my equities trading/ research/ SEO and analytical knowledge to figure out 'where money is moving to', what that means in terms of 'what businesses and future industries, sectors of growth' can we expect.

                E.g. If LIT or EV stocks were breaking out, and the Tesla's were increasing in my area, this meant domains like (which I bought) evauctions, carbids etc. would be lucrative. Turns out was right (have rejected a $70,000 offer for evauctions but ended up selling carbids dotcomau for $10,000 for a quick flip).

                If I could identify this and keep at it until either my fraud case was solved or until covid was over and I learnt how to code enough/ AI was good enough, I could find potentially more good names (and since I had 2 domain sales under my belt out of complete chance - as I mentioned earlier ( this was my potential opportunity to take advantage of an extremely overlooked and logical asset class). After this, I could sell the names and start the dream startup ideas around 'super apps' for property/ realestate/ gardening/ DIY*

                *(which I'm building now called rekn.com)

                I started digging into the (contrarian, but what if I'm wrong' kinda research) research via doing things like checking why:

                a) no news articles or mainstream media covered domain name purchases and sales as 'a real asset' class (and soon found out that it was because they themselves are the largest owners of domain names) E.g. fairfax/ real corp/ domain many Australian companies own like, all the good ones (try clicking rental.com.au, instantoffer.com.au, cars.com.au for obvious examples).

                b) I looked into past sales if I could find any, and many that I couldn't find direct figures on, I figured out the sale prices by looking through the financials of companies (public) - as I'm an accountant so had some knowledge here, and worked out some were going for insane amounts (cars.com.au for example, $1.5m, property dotcom.au $9m).

                The entire 'cybersquatting' facade (again, as long as you're not doing it in bad faith and trying to shit on other peoples brands or businesses) is just to deter many people. People don't cry about people hoarding millions of houses, acres and dollars - after being robbed of $5m and having to figure it all out again from scratch with zero insider knowledge or help/ network, I know how hard I worked and I bought names ANYONE could have bought. In fact I told many people to buy them n they thought I was crazy. All my mates too lol. (it always seems crazy when you're early - something I've known in the past from buying crypto in 2012).

                I dug deeper and noticed god damn...
                In reality, the big companies own like all the good ones.
                E.g. ExxonMobil owns thnx.com, oath.com is owned by yahoo.com, fast.com is owned by Netflix.com (some tiny examples)

                A quick search via whois.auda.org.au will show you that most dictionary terms are also owned by 5 big media companies, so if they were doing it 'why'? I thought

                I thought this was enough information to buy a chunk of domains. Fuelled by the sheer shock of the police/ banks/ politicians not doing anything, but realising if I gave this a shot this may work, I started buying key domains (like political.com.au, graduate.com.au, grad.au, litigations.com.au) based on the stuff I was going through, and as I started slowly healing with time, I got back into wood work (as covid dragged out) and started renovating my house with some of my profits from sales, while (still) waiting for the police and their outcome (they delayed 'dragged' on forensic scans for 3 years before telling me no).

                I learnt a tonne of stuff being hands on during 2020-2022, buying key domains based on my life experiences and really digging into industries (and at the same time, it was pretty clear digital assets - I didn't buy any bored apes - were becoming a thing, nft's took off and digital-native/ digital-first businesses started overtaking at an accelerating pace.

                The offers started coming in from a few, to hundreds, and ended up getting enough sales from 10-15 domains to fund my entire portfolio to ensure the big guys didn't hoard the domains themselves, and didn't control 'justice/ me raising awareness about the frauds' and other issues going on in the community such as corruption.

                Fast forward and just staying consistent at it, with the release of GPT-3, it became pretty clear that if I could push through and flip my way a bit longer, I wouldn't necessarily even have to raise capital via Y Combinator or someone else.

                I sold a couple of domains for 6 figures (largest accepted sale is $500,000) so far followed by $145,000)

                Then FTX scam hit, and I kind of just took a step back, with the intention to take a break after 3 years of DIY, woodwork, renovations, learning the legal/ police/ justice system (and how bad it is), dealing with covid and gardening - and using all my experiences to buy key domain names with high reward low risk.

                I recently had a $25m offer (two similar ones actually 1 was a little lower one was a little higher) for the domains. I was shocked. Couldn't figure out why they would offer so much? Then Midjourney, CHATGPT came out - and it made sense.

                They were going to lay people off, and were preparing for mass launching of 'multiple brands (like thras.io but from scratch) but instead of 'acquiring amazon marketplace brands, it would make sense (similar to my idea) using good brands and heaps of AI/ data, the digital shift, to start almost a venture studio and pump them out, using the thousands of domains as key assets.

                I finally reinstalled instagram, F got back on the internet to now share my knowledge, build my startup (rekn.com) and use my knowledge to launch a podcast to help others with branding - since I know how much of an effect (ESP in a downtrending tech-startup cycle or hard to get funding market conditions)

                I didn't want to sell out due to how hard I worked for this (again) so I rejected the offer with the intention to do good with them, and actually help leverage those with impactful /necessary and amazing ideas (not just financial business models which pump money).

                1. 2

                  Just wanted to say thanks again for providing so many details. Sounds like you have an insane drive and I'll be following your journey.

                  Your points on domain names also convinced me to buy approx 30 of them yesterday... (you should ask google for a commission...) Let's see what happens next!

                2. 1

                  Sorry but thought it may give perspective on 'the thought process' of why and how I got to the conclusion that domains are important, and my thinking process through out the past 3 years (in case anyone aligns with it, wants to ask me any more questions or it helps motivate/ just give someone the tiny nudge - plus, full transparency is the best way forward after all these scammers making millions in the last 3 years which makes me so angry).

                  ________________
                  My short term goal: Podcast for branding + potentially branding/ marketing focused venture studio (may blog too).
                  ________________
                  My personal startup: rekn.com (similar to playhouse.so if you have come across that, but for live-streaming, AI interior design and DIY listings - no agents involved).

                  Essentially a 'social maps x livestreaming x real estate services marketplace'. Slowly will add photographers, conveyancers and other features (escrow for renovation work etc.) and video help/ video tradespeople reviews/ portfolios.

                  Coolest feature of the 'super app' = being able to ask all existing listing websites to remove your properties' pictures that are publicly available, store them into a private account via rekn, and if you are looking to sell (or resell) can transfer the photos/ entire 'property information: consisting of manuals, repair work verified, warranties and other information' to the next owner - If cars have logbooks (like digital included e.g. Tesla's app) why do homes not?

                  A home vault + social-streaming and maps focused real estate with a marketplace (to get rid of agents, and other players in the market who do nothing, and give people who are great at creating content or influencers [like cameo integration] an edge in the real estate space app' to truly give power back to the home owners.

                  _______________
                  Longer term and medium term goals: to use profits from both rekn, domain sales/ joint ventures and what not, to fund

                  a) R&D into better and cleaner construction methods for improved and faster access to housing (and cheaper obv)

                  b) build properties for domestic violence victims and truly make a difference because with the rise in expenses, costs and stress, comes the rise in financial fraud. And being stuck at home (seen this first hand with my mother), means that leads to a rise in financial abuse and coercive control (helping the gov with feedback right now to criminalise coercive control in Australia, as we speak as many states don't consider 'financial abuse' as a crime....insanely ridiculous).

                  c) fund startups who think alike

                  1. 1

                    rekn.com isn't launched yet - probably 1-2 weeks away from launching the site as had issues transferring it from godaddy to my normal hosting peeps of choice + just got back from holiday and been side tracked with the Hindenberg Adani report (since I was LITERALLY working on a similar report but instead to expose the bank that allowed the bankers/ gambler father to take out $4-5m of loans on my properties and try and cover it up. lol).

                    So that's me

                    1. 1

                      PS The goal in regards to 'building a media company' will be via acquiring, funding either independent/ freelancer writers and journalists who already write on very important topics (I fund many of the ones which kept me sane and pushing for justice during the last 3 years, via Patreon.

                      OR by giving key assets and domains (like graduate.com.us, political.com.au) to people doing important work even if it's a totally separate startup or some sort of SaaS thing like sub stack (e.g. would give justicering.com or researchtask.com, justice.link, fundraiselegal.com, evidencesheet.com away in a heart beat to someone/ a team building something useful for justice/ legaltech etc.) lol

                      Shoutout to FriendlyJordies, Shane Dowling, The Klaxon, Michael West Media and a few of the others that I support.

                      If anyone knows anyone, spread the word - for justice tech or legal tech, I don't want a cent. Just, anyone that aligns with building something to give individuals more of a voice/ increase the reach of justice to those who need it most :) hit me up

  4. 2

    With regards to Teespring. I think the rebranding was done mostly because they already captured a large part of the market. So they can now afford to do something like that.

    But I agree mostly. However, I think most people will search up an affiliated word of the business after searching up the name if it's an actual word.

    For example, they might type "spring t-shirts".

    I actually did this with my own startup Evoke lol. Fortunately, I have a nice .come domain name

    1. 1

      I would highly recommend not using - in a domain name (not the end of the world but I would rather have a 2-3 word domain).

      Doesn't mean your domain will suffer or app may not take off due to the current name, but if you really want data-backed facts, a '-' is not a good idea.

      Hopefully everything is going well though (here to help other indiehackers win, sorry if it didn't come across this way!)

      1. 2

        No problem. That's probably a good point on your part as well.

        Thanks!

    2. -1

      This comment has been voted down. Click to show.

  5. 2

    This is so funny because I was just having this conversation with my wife. As a new founder, I went through the process of 'what should I name my startup'. It was my wife who said that I should avoid anything too generic because it's not memorable. And I argued that a common word is more memorable than something made up which is harder to remember. So maybe these people had the same idea. It's kind of like trying to be cool by not being cool and that makes you cool. Haha. Anyway, my wife won the argument and I didn't go for a dictionary name. So glad i didn't.

  6. 2

    Very interesting read. I can only assume that they don't think of search ranking / SEO when making the decision to use generic and common one or two-syllable dictionary words. Otherwise, it doesn't really make sense. It immediately made me think of businesses I've tried searching for in the past where I didn't know their URL and couldn't find them for the exact reasons you mention. They then lost my business. Could this be the reason why so many startups fail?

  7. 1

    Trendy but confusing: Short startup names can be trendy and memorable, but they can also be confusing and hard to spell, especially if they are similar to other existing names.

    Limited brand recognition: With a short name, it can be difficult to build a strong brand recognition and establish your company as a leader in your industry.

    Search engine optimization: A short name can also make it more challenging to optimize your website for search engines, since it may be difficult for people to find you through search queries.

    Lack of meaning: A short name often lacks meaning and context, making it harder for potential customers to understand what your company does and what sets you apart from others.

    Less memorable: A short name may be easily forgotten, especially if it doesn't have a memorable and unique quality.

    It's important to choose a name that accurately represents your brand, is easy to remember, and has the potential to build strong brand recognition over time. Consider choosing a name that has meaning, is memorable, and clearly conveys the purpose of your company.

  8. 1

    Correct me if I'm wrong but shouldn't SEO then brand identity be the primary concerns for naming?

  9. 1

    It's good to see how you do week in and week out. Look forward to seeing how things continue in the coming weeks!

  10. 1

    At first, the title of the blog caused me some concern as our startup's name is short, only three letters. However, after reading the post, I fully agree with the author, Moritz. Utilizing commonly used words as names or relying on domain name generators can obstruct a startup's visibility in search engines.

  11. 1

    I LIKE TO READ YOUR ARTICLE

  12. 1

    I think the title misrepresents the article. The article doesn't seem to be against short names, but rather short, dictionary words as names.

    Imo, there's a balance to be found with short, brandable, almost-dictionary words.

    For example, we bought the domain names choppity.com and figmenti.com. Both of which receive positive reactions from our users!

  13. 1

    This was actually what I was trying to avoid with Hubalz - it needed to be short, memorable, should have basically 0 competition on Google, and the .com domain needed to be available.

  14. 0

    I have always prefered a 2 word domain instead of a short name people won't be able to find in Google search easily. That's why went with Usermaven.com recently.

  15. 0

    "As a [url="https://entrepreneurshipfinance.com/"]freelancer[/url], I agree that short startup names can be confusing and it's best to avoid the trend."

  16. 0

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  17. 0

    There are a few reasons why you might want to avoid naming your startup with a short name. Firstly, short names are often more difficult to remember and can be easily confused with other similar names. This can make it harder for potential customers to find your business when searching online or in person. Secondly, short names may not be as descriptive as longer names, making it harder to communicate what your business does or what products/services you offer. Finally, short names are often more difficult to protect as trademarks or domain names, as they are more likely to be already in use by other businesses. Overall, a more descriptive and unique name can be beneficial for your startup in the long run.

    1. 2

      That was a ChatGPT answer, wasn't it?

  18. 0

    Out of curiosity (and lack of interest in actually reading it) i used Chat GPT to summarize the post:

    The article discusses the trend of startups using dictionary words as their names, and the challenges that come with it. The author highlights an example of a startup named "Fast" that was difficult to find on Google, as it was mixed in with other businesses with similar names. They also mention the example of "Teespring", a fashion-as-a-service platform, which rebranded to "Spring" but found that the name was already taken and Google search results returned information about the season instead. The author is confused about the practice and believes that finding a company on Google shouldn't require so much effort.

  19. -1

    This comment has been voted down. Click to show.

  20. 1

    This comment was deleted 3 years ago.

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