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How Saving Few Dollars On Domain Cost Zoom $2 Million Later

Financian0:40

Transcription

And you came up with a name early on, did you? Gym shock.

>> Yeah. And the name >> inspired.

>> It was such a boring name. So because I'd made so many websites before, I assumed that this one would fail. So for me, it was short, it was interesting, and it was cheap. It was £350 off GoDaddy, and it was a.co.uk domain. There was no further thought into it than that. It was literally just easy.

And it actually, it was funny because I didn't buy the.com. I didn't buy the.com because it was about 20 quid. Someone else bought it. And a few years later, we ended up paying three grand for it. We had to empty our bank account at one point to literally pay for the.com domain because I didn't buy it.

>> Zoom has a similar story where there was zoom us because in the early days they were too stingy to pay for zoom.com. Not exactly the same.