Is myYearbook.com Better than Facebook?

January 27, 2007 at 11:28 am 15 comments

NEW HOPE, Pa.–(BUSINESS WIRE)–myYearbook.com, a leading social networking site for teens, announced today that it has raised $4.1 Million in Series A funding from U.S. Venture Partners (USVP) and First Round Capital.

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Were excited to have USVP and First Round Capital on board. Their investment will help finance the expansion of myYearbook including significant additions to technical infrastructure, sales, and product development, announced Geoff Cook, co-founder and CEO of myYearbook.com. Rick Lewis will represent USVP on the myYearbook.com Board of Directors.

myYearbook.com has quickly attracted a large audience by focusing on providing an enjoyable and useful environment for teens, at a time when advertisers are struggling to reach teens through traditional media, said Rick Lewis of U.S. Venture Partners. We are delighted to work with the myYearbook.com team to realize the sites full potential as a leading teen media property.

myYearbook.com goes beyond banner ads by implementing effective and innovative web marketing programs for teens. From promoting movies to sparkle body sprays, myYearbook serves ads that enhance rather than compete with the user experience. This strategy effectively attracts loyal members, which in turn become strong consumer audiences for everything from educational materials to movies and energy drinks.

Teens dont want banner ads on their profiles, explained Catherine Cook, co-founder and high school student. Banner ads negatively affect the user experience, and its not clear that theyre effective. I am the target demographic and I am constantly listening to our members. I know that the main way to convince teenagers to see a movie or to buy a product is to show us that our friends are doing it. Ads on myYearbook.com are tools to not only introduce a product, but also to add to a users experience on the site.

myYearbook.com currently counts more than 1.7 million members in the United States and around the world, and over 5 million unique visitors per month.

About myYearbook.com

myYearbook.com is an online yearbook for the digital age where more than 1,700,000 young people around the world–from teens to college students to young professionals–gather to socialize. The youngest internet site for social networking, myYearbook.com was founded by Catherine Cook, a high school senior, and her older brother Dave Cook, who graduated from high school in June 2006 and is now a freshman at the University of Colorado, Boulder. Their first investor was their older brother, Geoff, a veteran Internet entrepreneur who founded and sold a set of online writing and editing services, EssayEdge.com and ResumeEdge.com, while a Harvard undergrad. The company is headquartered in New Hope, PA.

About U.S. Venture Partners

U.S. Venture Partners (USVP) is a leading Silicon Valley-based venture capital firm dedicated to helping entrepreneurs build world-class companies that are leaders in their industry. USVP focuses on early stage opportunities in sectors where the Partners have the domain expertise, operating experience and network of relationships to provide meaningful contribution to the success of the enterprise. These sectors include communications and networking systems, internet and e-commerce businesses, semiconductors and optical components, enterprise and technical software, and medical devices and biopharmaceuticals. Since its inception in 1981, USVP has invested more than $1.8 billion in over 350 companies, resulting in over 70 IPOs and numerous positive merger outcomes. Today, there are more than 100 active companies in the USVP portfolio.

About First Round Capital

First Round Capital is a seed-stage venture capital firm dedicated to helping talented entrepreneurs build remarkable companies. First Round Capital typically funds pre-revenue companies – and often provides a company’s first outside capital. As former entrepreneurs, the partners at First Round understand the challenges of launching a new enterprise, and offer insight and expertise that are as valuable as its venture capital. The firm has invested in dozens of early stage companies including Aggregate Knowledge, Jingle Networks (1-800-FREE411), Krugle, Riya, StumbleUpon and VideoEgg. Additional information on First Round Capital is available via the Internet at http://www.firstround.com.

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Entry filed under: facebook, myyearbook, online company, social network, social networking, startups, Technology, teens, venture captial, venture partners.

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15 Comments Add your own

  • 1. Quantalyse  |  February 26, 2007 at 2:34 pm

    hey ya kno wut!! i think myyearbook is great!!!

    Reply
  • 2. Eddie Wolfe  |  February 27, 2007 at 7:13 pm

    I think this is like the original site friendsreunited.com meets myspace.

    Reply
  • 3. brandi  |  March 5, 2008 at 12:11 pm

    I love myyearbook.com it’s awesome. Facebook is great too, but I like myyearbook a lot more. MyYearbook has brought old friends back to me that I haven’t talked to in ages. I LOVE IT!!!!

    Reply
  • 4. Patrick Gant  |  April 29, 2008 at 8:26 pm

    I LOVE MYYEARBOOK! IT IS AWESOME!

    Reply
  • 5. ashar  |  May 15, 2008 at 7:34 pm

    okay, add me
    http://www.myyearbook.com/asharattique
    myyearbook is already about popularity, and battles, and bunch of other cool stuff..
    though i wish i could get more popular, haha

    Reply
  • 6. ashley  |  September 23, 2008 at 12:39 pm

    hey i need help getting onto myyearbook or myspace at school…they blocked elgoog…vtunnel…umbrella…HELP!!! only way i can check my messages

    Reply
  • 7. ashley smith  |  September 23, 2008 at 12:40 pm

    HELP PLEASE SOMEONE FIND A WAY TO HELP ME AND MY FELLOW STUDENTS!!! WE WILL LOVE YOU FOREVER!!!

    Reply
  • 8. sarah  |  September 25, 2008 at 7:48 am

    why cant we get on myyearbook at school or facebook it isnt bad or nothing……..

    Reply
  • 9. Alisa L.  |  September 25, 2008 at 8:23 am

    Reply
  • 10. tinny  |  September 28, 2008 at 7:01 pm

    hello babe

    Reply
  • 11. carl  |  September 30, 2008 at 6:27 am

    its not hard to find a proxy website if you can use google

    type in a word related to proxy, check the URL if theres a word involving ‘proxy’ its usually filtered so try and get a proxy without that. I

    Reply
  • 12. amir  |  October 10, 2008 at 4:56 am

    myyearbook is more speed and easily to use

    Reply
  • 13. xXxemoxXx  |  December 8, 2008 at 2:18 pm

    OMG i love myyearbook that is like my number 1 site that i go to it is freaking awesome and it rox my sox!!!

    Reply
  • 14. Norm  |  February 12, 2012 at 2:41 pm

    OMG my yearbook is the biggest scam out there, Fake profiles and nude webcam solicitation. thats why you need to join http://www.stopmyyearbook.webs.com Now that site is soon to rock.
    Exposing Scams on MYB

    Reply
  • 15. Hellen  |  April 19, 2013 at 7:01 am

    It’s remarkable to go to see this site and reading the views of all friends concerning this piece of writing, while I am also eager of getting experience.

    Reply

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