Without a doubt about 20-something ‘myYearbook’ owners offer web site for $100M Leave a comment

Without a doubt about 20-something ‘myYearbook’ owners offer web site for $100M

SOMERSET COUNTY — Six years back, when Catherine and Dave Cook were still students at Montgomery twelfth grade in Somerset County, they created a basic idea for exactly just exactly how their classmates could fulfill each other on line.

This week, that concept paid down whenever a Florida media that are social, Quepasa, decided to obtain their web site, myYearbook , for $100 million.

“It feels as though a fantasy,” Catherine Cook, 21, stated via email evening from Costa Rica, where she is attending a family wedding thursday. “It is extremely exciting.”

If the siblings first brainstormed their concept, their older sibling, Geoff, now 33, respected these people were on to one thing. a dotcom that is successful in their very very own right, Geoff Cook had currently sold two startups he created in their Harvard University dorm for ten dollars million, and instantly published their bro and sibling a check for $250,000.

2 months later on, myYearbook launched.

Today, your website has significantly more than 32.7 million users global. It ranks once the top internet site in the monitoring business comScore’s “Teens” category with additional visits and pageviews than just about other web web site into the category, in accordance with a news launch. MyYearbook has significantly more than 100 workers at its workplaces in nyc and brand brand New Hope, Pa.

For Catherine, whom graduated in might from Georgetown University, the merger will not alter her day-to-day routine.

“I’m working hard at picking out intriguing and enjoyable features for the users,” she said. “I’ll be at the office every single day focusing on a complete pipeline of the latest features we’ve coming out.”

Her cousin is concluding during the University of Colorado at Boulder and can operate in item development following the summer, Geoff Cook stated.

The purpose of myYearbook is “to end up being the place that is best to meet up brand brand brand new individuals on earth,” stated Geoff Cook, whom lives in Pennington.

And also by merging with Quepasa , a social networking with multimedia content in English, Spanish and Portuguese, myYearbook views simply the possibility it shaadi com profiles is searching for.

“when it comes to what is next, bringing myYearbook to an international audience — that is the complete thesis behind the deal,” stated Geoff Cook, who can serve as chief running officer of moms and dad business Quepasa Corp. and president of the customer internet unit.

If Twitter is approximately linking with individuals you are already aware, myYearbook is fulfilling those that you don’t yet understand, he said. The organization is taking care of technology allowing gaming that is multi-player live video-chatting capabilities having a consider mobile and tablet platforms. Since very early 2010, your website’s audience making use of devices that are mobile jumped from 2 per cent to 40 %, Cook said.

Initially, myYearbook and Quepasa is going to be separate web internet internet sites but fundamentally users should be able to access both by having a solitary login, Catherine Cook said. MyYearbook hopes to ultimately introduce translated variations of their games, social applications and platform that is mobile she stated.

The Cooks had received other offers before the deal with Quepasa.

However they felt the group at Quepasa — and also the talents its internet internet sites offered — ended up being particularly complementary to myYearbook . Geoff Cook stated his group is proficient at engaging and keeping its users, and Quepasa understands just how to recruit members that are new.

The $100 million deal is composed of $82 million in Quepasa typical stock and $18 million in money, in accordance with a news launch. Together, the websites may have almost 71 million web that is registered, 2.2 million mobile installments of the applications, and monthly web web web page views of 2.4 billion, at the time of June.

“Using this merger, we want to produce absolutely nothing lower than the general public market leader in social development,” Quepasa CEO John Abbott stated in a declaration.

“The myYearbook team is product-oriented and hungry to carry on building products that are innovative the convergence of social and mobile,” he stated. “We think myYearbook’s proven history in monetization and engagement will fuel significant future development.”

In terms of Catherine Cook along with her millions that are new? In 2006, once the concept first became popular and she ended up being profiled into the Star-Ledger, she stated her purchase that is first would a Mustang.

Thursday”Now, I love my 2003 Infiniti G35,” she said. “But, i would really like to go someplace cool, or even get some good more art for my apartment that is brand new.

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