According to Term Sheet, Runnable, a Palo Alto, Calif.-based “centralized location for finding code,” raised $2 million in seed funding.
Sierra Ventures led the round, and was joined by Resolute.VC and individual angels.
The domain name Runnable.com was acquired for a whopping 2,000 Euros, a year ago through Sedo.com which equates to less than $2,500.
I have said it before but do NOT sell your brandable domains cheap.
This is another is what is becoming an endless amount of posts talking about VC backed company’s bulidng their brand on a domain they bought for pennies on the dollar.
I’m not saying the domain holder could have or should have asked for millions of dollars for this domain but come on guys don’t sell these for less than $25k.