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Siblings sell startup for $100 million

MyYearbook co-founder Catherine Cook is a student at Georgetown University, according to her company's website.

MyYearbook co-founder Catherine Cook is a student at Georgetown University, according to her company's website.


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Two 15- and 16-year olds have sold a digital yearbook site they founded 6 years ago for $100 million, MSNBC reported.

In 2005, Catherine Cook and her brother David had an idea for a startup. The high schoolers flipped through a yearbook and wanted to make a digital version. They got to work and created MyYearbook.

Over the six-year span, the duo raised $17 million in financing and grew the site to 20 million users, generating 1.2 billion monthly page views.

A publicly traded Latino social network, Quepasa, Wednesday announced its $100 million acquisition of MyYearbook. The majority of the deal, $82 million, is Quepasa common stock. The other $18 million is cash. (点击MSNBC网站查看原文)

少年创业获1亿并购

       据美国MSNBC网站报道,两名少年——一名15岁,一名16岁——在6年前成立了一个电子年鉴网站,如今以1亿美元的价格将其出售。

       2005年,凯瑟琳·库克和她的哥哥大卫萌发了创业的主意。这两名高中生浏览年鉴书的时候,突发奇想要把它做成电子版。他们把这主意付诸实践,创办了“我的年鉴”网站。

       在六年时间里,两人融资1700万美元,网站的用户数达2000万人,每月网页浏览量达12亿。

       上周三,拉美上市社交网站Quepasa以1亿美元的价格收购了“我的年鉴”,其中8200万美元是Quepasa普通股,1800万美元是现金。

(China.org.cn July 26, 2011)

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