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Locu

From an MIT Classroom to a Multimillion Dollar Acquisition

Locu, an online platform for promoting local businesses, was founded by students from CSAIL and the Sloan School of Management in 2010. Just three years later the company was acquired by GoDaddy.
Locu, an online platform for promoting local businesses, was founded by students from CSAIL and the Sloan School of Management in 2010. Just three years later the company was acquired by GoDaddy.
From an MIT Classroom to a Multimillion Dollar Acquisition
During MIT’s Independent Activities Period in January 2010, a team of students and researchers from CSAIL and the Sloan School of Management came together with the idea of creating a new type of online restaurant recommendation service based off of semantic web technologies. Just three years later, in August 2013, the domain-hosting service GoDaddy announced that it was acquiring the group’s resulting company, a business called Locu that provides an online platform for promoting local businesses. The acquisition capped a hyper-speed journey for the company’s founders, from nurturing a fledgling idea to operating a hot commodity enterprise.