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Worldwide, there are about 150 million new businesses being started up each year.

With some startups being funded to grow as quickly as possible, many are interested in purchasing killer domain names so they can create a memorable brand. Noted venture capitalist Fred Wilson of Union Square Ventures suggests to start-ups he invests in that they allocate $50,000 to buy a good domain name.

Is spending tens of thousands of dollars a smart investment for startups? That’s the question we’re going to answer on today’s show.

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