myYearbook
Launched in 2005, myYearbook is a social network aimed at teenagers and has more than 20 million members. The site ranks as one of the 25 most trafficked sites in the United States and the company claims to be profitable with revenues up 120% from 2008 to 2009. Revenue is derived from monthly subscriptions ($6.99 to $19.99), sales of virtual goods, and display advertising. myYearbook has reportedly raised more than $17 million from First Round Capital, Norwest Venture Partners, and U.S. Venture Partners. more
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Company Overview
Launched in 2005, myYearbook is a social network aimed at teenagers and has more than 20 million members. The site ranks as one of the 25 most trafficked sites in the United States and the company claims to be profitable with revenues up 120% from 2008 to 2009. Revenue is derived from monthly subscriptions ($6.99 to $19.99), sales of virtual goods, and display advertising.
myYearbook has reportedly raised more than $17 million from First Round Capital, Norwest Venture Partners, and U.S. Venture Partners.
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CEO:
Geoff Cook
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HQ:
New Hope, PA
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Capital Raised:
$17.1M
Financings
- Series: B
- Type: Second Round
- Date: July-2004
- Total Investment: $13,000,000.00
- Investors:
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- First Round Capital
- Norwest Venture Partners
- U.S. Venture Partners
- Type: Debt/Non Eq - Bridge
- Date: June-2004
- Investors:
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- First Round Capital
- U.S. Venture Partners
- Series: A
- Type: First Round
- Date: January-2003
- Stock: Preferred
- Total Investment: $4,100,000.00
- Investors:
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- First Round Capital
- U.S. Venture Partners
Round 3
Round 2
Round 1
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