These social network fundings, they keep coming, downturn or not. Teen-focused social network myYearbook, based in New Hope, PA, has received a biggish $13 million in its second round of funding. The round was led by Norwest Venture Partners with participation from existing investors, US Venture Partners and First Round Capital. The company has raised $18.6 million to date.
The site was started in 2005 by 18-year-old Catherine Cook and her brother, 19-year-old Dave, who were 15 and 16 at the time of creation. The CEO is older brother Geoff, a 28-year-old Harvard grad. The company cites Hitwise data and says it is the third largest in the US. It has more than 10 million unique visitors and 2 billion page views per month. More details in release.
Even though the site positions itself as a safe choice for teens, not sure if this Kanye’s profile page will pass the muster, especially his “friends”.