Entrepreneur Catherine Cook

July 21, 2011
Intellectual Property News and Interesting Facts

15 Year old Catherine Cook and her 16 year old brother David started a social networking site, www.myyearbook.com.

They basically got the idea by flipping through a school yearbook and decided to make a digital version.

Today, Myyearbook boasts over 20 million members and $20 million in annual revenue.

They raised $17 million in financing and grew the site to 70 million users.

Myyearbook generates about 1.2 billion monthly pageviews.

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.