Communicate.com, a public company in Vancouver, Canada, is announcing the acquisition of Y Combinator startup Auctomatic this morning for $5 million in cash and stock. The company is also changing its name to Live Current Media, Inc. Communicate/Live Current is in the domain name business – their primary assets are 800 high value domains (perfume.com, cricket.com, etc.) that generate a… → Read More
After Condé Nast, owner of Wired and other magazines/websites, acquired Y Combinator funded Reddit, people took notice. This wasn’t just some quirky incubator where they gave college students a few bucks to kick start their new companies (although it is that, too – their standard deal is $5000 + $5000 per founder, for 6%ish of the company) – real products were coming out of Y… → Read More
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