MyYearb k The $100 Million Startup Name You Need To Know
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For the next generation of million buck milennials, that competition is down to an earlier start.
It in fact was a simple and easy irresistibly practical idea from siblings Catherine and David C k. In 2005, the 15- and duo that is 16-year-old to trade the paper version of the standard highsch l yearb k for the digital one. myYearb k was born, a social networking site that the bro and sis team worked with throughout senior high sch l. The founder for the web site is Geoff C k, the other sibling to Catherine and David, who would work to hire over 100 employees because of the company. myYearb k exploded in popularity as well as in simply six years it could proudly boast $17 million raised in funding, over 20 million members, 1.2 billion page that is monthly, and $20 million in income as reported by both MSNBC and Business Insider.
The site came across having its reasonable share of early investors enthusiastic about purchasing the company, however with just a few thousand dollars as you party that is interested offer, the C k’s made a decision to wait in the offer. The delay was worth it as final Wednesday publicly traded Latino network that is social bought myYearb k for $100 million. $82 million is in Quepasa stock that is common David, Geoff, and Catherine would grab the remaining $18 million for themselves.