Sibling from NJ sold their enterprise for $100 million

What were your priorities at 21 ?? Maybe enjoying your final year at college or peparing for the further "post graduation" studies. Perhaps for this sibling-duo from New Jersey, "studies" and "job oppurtunity" is holding the last proritization in their current life. Afterall not everybody make $100 million dollars at the young age of 21.

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 6-year span, the duo raised $17 million in financing, grew the site to 20 million users*, and generated 1.2 billion monthly pageviews.
Today, 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.

DropBox : the next big thing ?

Silicon Valley has never been this optimistic at the same time careful in financially upgrading out of box ideas. Recently when Valley pundits predicted the over cash flow and irregular distribution of financial support to the ventures, it only turned out to be hoax call as valley is growing organically.

Here is one more promising web-sharing (not web hosting) company which is being seen as the potential venture and in simple words a money maker, through the eyes of PE firms and VCs. According to the company, Dropbox is a free service that lets you bring your photos, docs, and videos anywhere and share them easily. Dropbox was founded in 2007 by Drew Houston and Arash Ferdowsi, two MIT students tired of emailing files to themselves to work from more than one computer.

Today, more than 25 million people across every continent use Dropbox to always have their stuff at hand, share with family and friends, and work on team projects. the company is in expansion mode and hiring technical guys at the lightning pace.

Dropbox is expected to make $100 million in revenue this year and Fortune valuated the company somewhere between $1-2 Billion.

Dropbox provides free hosting till 2GB and is having clear revenue model which makes it even more promising venture.

Thogh dropbox needs to be cautious at certain fields. First of all Dropbox's paid service would get tough competition from the free hosting services. Besudes this Dropbox emphasizes on "Sharing" but unfortunately its multimedia file could be not be shared with social media platforms as there is no sync available.