Mr. Cook closes the deal for $100 million dollars

What a sweet deal for a couple of newbies. According to the Wall Street Journal, Catherine and David Cook started myYearbook.com in 2005 when they were 15 and 16 years old, respectively, as a way to connect with their new classmates at Montgomery High School in Skillman, N.J.

Big brother Geoff Cook, then 26 years old, bankrolled the start-up with $250,000 he had made from selling an online-resume business he built as a Harvard University student. On Wednesday, Geoff Cook, now the 33-year-old chief executive of myYearbook, announced the sale of the company to Quepasa Corp., a social network aimed at Latinos, for $100 million in cash and stock.

Read more...