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Teen Social Networking Site Receives $4.1Million in Funding

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MyYearbook, a teen social networking site based in New Hope, PA, has received $4.1 million in its first round of funding. The round was led by U.S. Venture Partners and First Round Capital.

The site was started in 2005 by 17-year-old Catherine Cook and her brother, 18-year-old Dave, who were 15 and 16 at the time of creation. The CEO is older brother Geoff, a 27-year-old Harvard grad. The company says it has about 1.7 million members. Some more details here.

One Response to “Teen Social Networking Site Receives $4.1Million in Funding”

  1. Old & Crafty CEO

    It was obvious that MyYearbook would gain substantial funding. A brief browse on their homepage would clue any investor–with half a brain–that the site is far more entertaining and "teen friendly" than other social networking giants. Myspace will lose a substantial amount of market share as more teens become aware of this site.