Home > Uncategorized > Young girl BIG achievement

Young girl BIG achievement

Young successful entrepreneurs


In 2005, Catherine Cook and her brother David had an idea for a startup. The high schoolers flipped through a yearbook and wanted to make a digital version.

The 15-and-16-year-olds got to work and created MyYearbook. In the 6-year span, the duo raised $17 million in financing, grew the site to 20 million users*, and generated 1.2 billion monthly pageviews.

Today, a publicly-traded Latino social network, Quepasa, announced its $100 million acquisition of MyYearbook. The majority of the deal, $82 million, is Quepasa common stock. The other $18 million is cash.

Geoff Cook, MyYearbook’s CEO and sibling of Catherine and David, wrote a letter to his 100+ employees:

“I don’t consider this an exit or the end. I consider it the end of the beginning, and I believe we have a lot more innovative products to create,” he says.

Welcome to retirement Catherine, Geoff and David! Although we’re sure this won’t be the last company they create.

The Cooks aren’t the only entrepreneurial kids who have made tons of money.

source courtesy : http://read.bi/q48WaG

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: