Wired.com just published a post entitled “Why .Com is the Venture Capital Community’s Power Player” highlighting the use of .Com by VC backed startups.
“In a recent essay, Paul Graham, venture capitalist and co-founder of the Y Combinator seed capital firm said, “The problem with not having the .com of your name is that it signals weakness.” It’s no wonder that 100 percent of the top 20 Y Combinator companies by valuation have the .com of their name.”
The article goes on to quote 3 recent studies on the subject:
- In 2015, data from CB Insights showed that among the 25,000 tech companies funded since 2010, more than 20,000 companies chose .com domain names.
- DNGeek.com analyzed 2,195 newly funded startups that raised a combined $10 billion in funding in the first two quarters of 2016, and reported that .com was used by 73.7 percent of those startups.
- By referencing the 2016 Forbes Midas List, as well as Finsmes (which tallies up the most represented VC firms on the list), Verisign found that 100 percent of the top 10 most represented VC firms on the list, and over 90 percent of their portfolio companies, have a .com.
The article goes on to quote Legendary domain investor Mike Mann who said “agree that a long .com domain name is better, more memorable and less confusing to consumers than a short domain name on a lesser-known domain extension.”