Catherine And David Cook Sell Their 6-Year-Old Start Up Company For $100 Million

They started this company when they were 15 and 16-year-olds and now they are enjoying the fruits of their labor:

In 2005, Catherine Cook and her brother David had an idea for a startup. The high schoolers flipped through a yearbook and wanted to make a digital version.

The 15-and-16-year-olds got to work and created MyYearbook. In the six-year span, the duo raised $17 million in financing, grew the site to 20 million users and generated 1.2 billion monthly page views.

Wednesday, a publicly traded Latino social network, Quepasa, announced its $100 million acquisition of MyYearbook. The majority of the deal, $82 million, is Quepasa common stock. The other $18 million is cash. Geoff Cook, MyYearbook’s CEO and sibling of Catherine and David, wrote a letter to his 100+ employees:

“I don’t consider this an exit or the end. I consider it the end of the beginning, and I believe we have a lot more innovative products to create,” he says.

Welcome to retirement Catherine, Geoff and David! Although we’re sure this won’t be the last company they create.

Must be nice.

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