Almost as bad as calling a search engine google.com.
I too have pointed out google and yahoo when people talk about bad domain names, but for all I know those names may actually have made it take longer for people to take those companies seriously.
That said, I think venuetastic is a great name.
Maybe they can snatch up color.com for cheap here in a few years.
Grin - but you'll remember it the next time someone mentions needing a venue, won't you?
Done much domain shopping lately? ;)
They can always find a better domain after they've proven the business works.