Los Angeles-based NameLayer, a company which has been accumulating a portfolio of tech-startup friendly domain names, has been acquired by startup accelerator TechStars. NameLayer--which was founded by Julian Shapiro and Edward Zeiden--had develops an algorithm to selectively purchase and commercialize domain names in an automated way, and was founded in 2011. Financial terms of the acquisition were not announced. TechStars operates a series of startup accelerators across the country, which combine mentoring, a three month intensive program, and a demo day to help startups get funded. TechStars said it has acquired NameLayer's entire portfolio of domain names, but that Shapiro and Zeiden will not be joining the company.
Top NewsTuesday, September 24, 2013
LA's NameLayer Acquired By TechStars