MyYearBook is growing in US teen market, raises $13 million
Written on 30th July 2008
3 COMMENTS 
Joop Dorresteijn, East Asia correspondent
myYearbook raised $13 (€8) million, and the social network gained remarkable growth in the teen market, exceptional given the established presence of Myspace.
A social website launched three years ago, myYearbook claims to be the third largest social network in the US. TechCrunch reports that the site is only a fraction of the size of Myspace or Facebook, and that the site may have more high school users than Facebook. According to Hitwise, the site enjoyed a 384% year-to-year growth.
myYearbook received its second funding round led by Norwest Venture Partners, US Venture Partners and First Round Capital. Norwest Venture Partners’ Sergio Monsalve will join the company’s board of directors. The total funding is currently $18.6 (€12) million. The site is going to use the cash to add extra features and marketing to reach out to new members.
The site monetizes with advertisements, but also offers a way for users to decorate their profiles. They might be able to gain income from these virutal possessions on their network, simulair to Korean based Cyworld. Will these teens move on to Facebook when they go to college, or remain true to their first social network?
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By Boris Veldhuijzen van Zanten on Jul 30, 2008
Oh no, not another one… ;-)
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By Sebastian Moeys on Aug 1, 2008
This one has existed and has been pretty big for quite a few years.
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By vivek on Apr 30, 2009
Globalongoings.com was launched on 21-Dec-2008. The main purpose to launch this website was to help internet users all around the world, everyone can easily access this website sitting at their desktop / laptop / iphone and see what is happening all around the globe.
Globalongoings had put its maximum efforts to capture all the latest updates in the world. At globalongoings one can find everything for example: Latest news, current world ongoings, high quality wallpapers, worlds largest things, worlds longest things, World’s highest, New vehicle launches, Jokes, Hollywood/Bollywood wallpapers, current events, current news, current ongoings, nature, nature wallpapers, largest information collection, himalayas, mountains, sea, ocean, defense, military, wallpapers, gallery, horoscopes, worlds richest, best quotes etc.. Globalongoings website covers latest news, events and inventions happening all around the globe.
We are vey much hopefull that very soon Globalongoings will be worlds most popular website all around the globe.
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