According to a blog post on its company blog, Techstars has acquired the entire portfolio of NameLayer, a popular inventory of brandable domain names curated for the tech market.
NameLayer was founded by Julian Shapiro and Edward Zeiden in 2011 as the commercialization of Shapiro’s domain aftermarket algorithms that were designed to find the needles in the domain market haystack. S
ome notable domains from its inventory include SocialBond.com, NetworkGraph.com, PayMethod.com, ZenSale.com, PayPlatform.com, and CoLend.com.
Startups face ever-increasing challenges when trying to find good names. NameLayer’s Julian Shapiro explains, “Domain names are a scarce resource, the prices for which are determined by the whims of oftentimes hard-to-reach domain owners hoping for big paydays. Consequently, in the digital age, company names are no longer truly chosen; instead, they are the byproduct of a tedious process of elimination in which startups scour domain aftermarkets and send out countless cold emails. It’s a frustrating experience that often results in startups giving up partway through and resorting to all-too-common ‘Web 2.0′ names that are difficult to spell or decipher.” To help startups navigate the tricky process of company naming, Shapiro wrote a popular guide based on his experience in the domain industry and the questions he’s often asked by entrepreneurs.
Shapiro and Zeiden will not join Techstars as employees but will provide ongoing mentorship and branding support to startups in the Techstars portfolio.
Techstars has funded many company’s over the years here is a summary:
| Status | Number of Companies | Percentage |
|---|---|---|
| Active | 204 | 79.69% |
| Acquired | 24 | 9.38% |
| Failed | 28 | 10.94% |
| Impact | |
|---|---|
| Average Funding per Company | $1,560,655 |
| Jobs Created | 1878 |
Interesting move. Wonder what they paid.
The data is a little dated but they had 250 names according to this : http://whoisology.com/name/this%20domain%20is%20for%20sale%7cnamelayer.com?section=admin
SocialBond.com, NetworkGraph.com, PayMethod.com, ZenSale.com, PayPlatform.com, and CoLend.com
Pigeon sh|t domains, i’ll give them $1k for all.
Good post detailing how difficult is to name a company. And, Would like to see the link with regards to Shapiro’s popular guide?
You may find the guide here: http://thenextweb.com/entrepreneur/2012/04/22/before-naming-your-startup-read-this/