Showing posts with label News. Show all posts
Showing posts with label News. Show all posts

25 thousand dollars turn into 100 million dollars in only 6 years

In 2005, the then-15-year-old Catherine Cook and her then-16-year-old brother David Cook, while flipping the pages of their yearbook, came up with an idea of founding a digital version of the yearbook. Their older brother Geoff Cook see the potential and agree to invest 250 thousand dollars. Thus, myYearbook is found.

Both Catherine Cook and David Cook are instrumental to the development and growth of myYearbook. They have conceived most of the features and functions of myYearbook. Their brother Geoff Cook, CEO of myYearbook, is instrumental in raising capital and overseeing the company from zero traffic and zero revenue to significant market-leading company.

In 2006, myYearbook raised $4.1 million from US Venture Partners and First Round Capital.

myYearbook partnered with casual game developer Arkadium to bring Flash based games to the site.

In 2008, myYearbook raised $12.8 million dollars in a Series B round.

Having money, myYearbook launched Chatter, a real-time stream that incorporates media sharing and gaming to help bring members together.

In May 2010, myYearbook launched an iPhone/iPod Touch and Android application designed to bring the Chatter real time feed to mobile devices.

Since its launch myYearbook has grown to be one of the top teen sites and one of the 25 most trafficked sites in the US. Quantcast reports MyYearbook has 4.7 million monthly unique US Visitors and 5.4 million globally. Currently myYearbook has about 70 million registered users.

myYearbook now is a profitable social networking website which has about 100 employees. Members can make new friends by creating profiles, interacting through chatter, a real-time stream, sending virtual gifts, and playing games.

In February, 2010, myYearbook reported the company ended 2010 with a $23.7 million in revenue, up 53% year-over-year.

myYearbook derives its revenue from three sources - advertising, virtual-currency sales and monthly subscriptions. Advertising makes up two-thirds of its revenue, with the other sources making up the rest. It has an established sales office based in New York City and Los Angeles.

The business has attracted advertisers such as Neutrogena, Disney and ABC; has grown to 3 million members worldwide; and rakes in annual sales in the "seven figures," says Catherine. How to compete in an industry dominated by MySpace and Facebook? Mine a niche. "Our site is specifically for high school students, and we really listen to the suggestions of our members," she says.

In 2011, the Cook sold the myYearbook for 100 million dollars.

數萬網站中毒

從六月份起,一群駭客把名為「腳本」(scripts)的惡意代碼放到2萬到3萬個網站上。其中許多是依靠互聯網招攬顧客的中小企業。

許多企業沒有意識到駭客是怎樣成功控制他們的網站進行詐騙的。

罪犯使用已淪陷的網站感染其他個人電腦,令數據盜竊、賣假藥、推銷無用的反病毒保護等詐騙活動以及從網上銀行盜竊等犯罪行為如野火般蔓延。

類似近期針對芝加哥一家人身傷害法律服務公司Passen Law Group的攻擊,這類攻擊極難被察覺和清除。這家公司的帕森(Matt Passen)律師一個月前點擊自己的網站,然後發現一系列對他而言毫無意義的字母和數字。

隨後谷歌通知他,他的網站被感染,並阻止了對他網站的訪問,在接下來的數週,帕森雇用專家來刪除病毒代碼,然而兩次清除後,不到一週後,該網站有再度被感染。

帕森說:「維修很容易花上你數千美元,而由此導致的失去的商機更是無法估量。」
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