Is .co a good alternative if .com is taken?

I am looking to establish a start up, but the .com of the name, the name is 4 letter only, that I thought of is already taken and the seller wants $25,000 for it. I dont have that type of money for a startup, hence wondering if the .co of that domain would be a bad choice or what? Its a 4 letter domain hence its a premium .co as they say it.

Any insight would be greatly appreciated.

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