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Yes, even your teen can become a millionaire

Sara Goo

We were a little floored to get the news yesterday afternoon that a 17-year-old high school student from New Jersey received $4.1 million in venture funding for the Web site she co-founded, myYearbook.com. The site lets teens create their own digital yearbook, post pictures and connect with each other. There is even a "pimp my yearbook" section to add bling to a personalized site. Come to think of it, it is kind of cute. File it under: Things I should have thought of.

Catherine Cook, whose older brother Geoff serves as CEO, has received a lot of press in the last year or so. The site now ranks among the most popular teen sites, according to Nielsen. Funding comes from US Venture Partners and First Round Capital.

MySpace may no longer be as cool as it once was, but social networking sites are far from dead and it's fascinating to watch as groups of friends migrate from one site to another.

By Sara Goo  |  January 26, 2007; 5:00 AM ET  | Category:  Sara Goo
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Comments

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Aye, Myspace got old very quickly, what with all the "We should meet" friend requests. Oy. Facebook is much nicer, in my opinion, very sleak and simply designed. I think the unsightly style alterations plus the loud and obnoxious music some people have on their profiles killed Myspace for me, as well.

Posted by: dbishop | January 26, 2007 10:40 AM

I'm so glad of teens in the 21 century. Because of them the world is moving forward.

Posted by: Saydou Kamara | January 28, 2007 11:27 AM

im from the uk, and it looks like a good idea, but dnt know if it transfear across to the other side of the pond?

Posted by: Mary Jane | January 31, 2007 8:35 PM

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