Yes, even your teen can become a millionaire
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.
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