LocuFrom an MIT Classroom to a Multimillion Dollar Acquisition
November 26 2013
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.