MyYearbook deepens push into virtual cash with toolbar, Target cash cards
A little bit of lunch money can go a long way.
Teen social network MyYearbook reached profitability earlier this year on the back of its virtual currency called Lunch Money. So it’s no surprise that the New Hope, Pennsylvania-based company is aggressively pushing it forward, with… Continue Reading
Teen entrepreneur Catherine Cook says myYearbook’s Lunch Money adds up
There’s been a lot of talk about virtual currencies recently, with Facebook reportedly testing a payment system for third-party applications and MySpace considering something similar. Meanwhile, teen social network myYearbook is already making a healthy amount of cash with its virtual currency, dubbed “Lunch Money,”… Continue Reading
Magnitude Information Systems, random ergonomics company, invests in Kiwibox, teen social network
Kiwibox.com, an online magazine aimed at teenagers, is a remnant of the dot-com days. Unheralded and mostly undifferentiated, it launched in 1999 and somehow managed to slog its way through the bubble’s pop. In August, it relaunched with a social networking component and has just… Continue Reading
Teen social network myYearbook is growing fast and it just raised $13M, but is it more than a teen site?
Teen social network myYearbook has raised $13 million, confirming rumors we were hearing last month. The company has managed to grow in the face of more established competitors, like MySpace, within the pre-college market, according to third-party web measurement firms. Hitwise says myYearbook had 1.54… Continue Reading
Rumor: High school social network MyYearbook raising a “huge” round
Well, it might seem like the bloom is off the flower of social networking, as questions mount as to how these sites can become profitable businesses.
But MyYearbook, a fairly new but fast growing (for its size) social network that focuses on high schools, “is raising… Continue Reading
Roundup: Smaller social networks growing, Stage6, Sandvine and more
1. Niche social networks grow, market leaders level off
2. Startup employees headed to big companies?
3. Stage6 had a lot of would-be investors, still has at least one
4. Sprint’s fate unclear
5. Sandvine, a company that helped Comcast block BitTorrent traffic, facing trouble
6. Chatterous: Message all of… Continue Reading
Roundup: Bombs, don’t do Delaware, MySQL IPO & more
The latest Silicon Valley round-up:
Correlation between bomb building and entrepreneurship? — Former PayPal chief executive Peter Thiel reportedly says four of six founders of the online payment service built bombs while in high school. Meanwhile, Silicon Valley venture capitalist Steve Jurvetson designs rockets.
MyYearbook.com, a social networking… Continue Reading