DonWh

I just used the top post in this thread. http://www.avc.com/a_vc/2011/04/finding-and-buying-a-domain-... Made the owner an initial offer of $750. Didnt hear back from him for a month. The guy countered with $10,000. I used the language in the post above and he agreed to my highest range price of $1500 (I never moved past my first highest range price).

Nice but for personal use only - not commercial use. Looks like you have to contact them to find out how much it would cost for commercial use (usually means "not cheap")

Does this differ from launcheffectapp.com which provides the viral referral free?

This is a good example as to why 99% of the ideas themselves aren't worth anything.

Why? Because this is a seed funding site. It's a similar philosophy to buying into a franchise. The franchisor does a lot of the work for you and tell you exactly what to do. Most people these days tend to not want to think so they prefer that others do their thinking for them. They'll justify their decisions saying it's a solid working model (franchise) or they have access to greater funding/mentoring (seed funding) but it's all the same.

I think its a great video & explains the concept thoroughly.