If you are going to be wasting time looking for a .com domain i would suggest spending this time instead on seo and marketing on your site / application keywords.
If you look at all the new startups a lot are using .io, .ly, .st etc; im sure if they make it big a number will start looking at .com domains but for the time being its just not viable if the domain is already taken or squatted.
Ironically, I've found the availability of a domain name to be one of the leading deciding factors in naming a Product. Logically, I would think that the Trademark Status is more important, but 99% of the time the Trademark is Available while the .com is being squatted. Sucks.
I should also note that ICANN is about to roll out the new gTLD's. You can read more about it here: http://newgtlds.icann.org/en/ I would expect that over time, the release of new gTLD's will change the perception of a .com being "better" than other domains.
The younger your audience the more creative you can be in that respect.
[the above is pure opinion, untainted by actual research]
As some have noted, .com isn't as critical as it used to be. It all depends on your key demographic, but if it's for a more technical crowd, an io, co or something that has been adopted outside of its home country should be fine. There are a lot of variables to consider though.
Edit: looks like most of us said the same thing. The nice thing about co are some of the offers that go along with it. They're making a conscious effort to build a community around it.
I've got a few domains that use the cctld to complete a word - - this usually leaves people more confused than anything.
Not trying to insult you or anything, but how can you be certain of this? You obviously wouldn't have access to any statistics that the golf course has.
You might be doing ok now, but would be doing better with the .com. You just might be missing out on some potential visitors and never know it.
This being said, the scale of this business is small and wouldn't generate enough traffic to show even if I had access to the golf course's stats.
'co' is also part of my brand -- for both instagram, facebook and twitter user IDs. I think this also contributes to the success.
But like you said, there are plenty of unknowns.
.io and .org or .xxx or such are the only other good alternative tlds imo. Basically tlds with a strong sense of purpose that won't be forgotten unlike something like .co
That's just not a reasonable question to ask without more specifics. Which is more valuable: stocks.com or agfag08u24tji.com?
There is no value on a .com aside from (a) what the seller will sell it for and (b) what a buyer is willing to pay. You can have all the appraisals in the world but they don't mean anything if the seller won't sell it for that price or the buyer is willing to purchase at any cost.
The idea that a buyer or seller might ignore the value is irrelevant.
In terms of cost... It depends how many letters or if its a dictionary domain. 3 letter domains are not cheap. Look for comparable sales.
- If they are older people, most of them would by default type in .com when they hear a business name. (eg - google.com). So go for the .com
- If they are from a particular country that has a strong ctld (uk, .de etc), then don't go for the .com, but go for the tld.
- If they are young and tech savvy. Ignore the .com. Any domain name would be ok as most of them would search and find.
EDIT - And also take into consideration what type of business you are running. If offline business with more offline marketing, then go for the .com. Online marketing, people would click links, so any domain would be ok.
After you have those answers you will be in a better position to think about what I first said, the only difference is the money wanted. If the company is successful and at a later point you still want the domain, it is going to be more expensive.
If you want the .com and it is available then I would suggest getting it while you can.
$7500 isn't the worst - -
If your company grows the .com name only goes up in perceived selling value then...ala Facebook, Dropbox, etc.
A lot of people on HN are used to different extensions because that's the world we live in but the general public is used to .coms so I agree that it depends on your audience but if it's a consumer mass market product, I think .com is important. I've spent up to $5000 on different names and I've always been able to get them for about 30-40% of asking price.
Now if your audience is more the general public at large. .com is the default for most web browsers to append to non-TLD identified addresses. Or in a search the .com selection may seem more like the logical choice to a neophyte user.
So going for the older generations, try to stick with .com, contemporaries or younger then you probably can diverge from that without problems.