A brother-and-sister pair in Montgomery, New Jersey, not far from me, secured some start-up capital from their millionaire older brother, a 27 year old who made his first fortune from his dorm at Harvard.
Their plan is to take on Rupert Murdoch’s MySpace — a horribly coded and organized (but popular) website now accused of becoming too “corporate” — with MyYearbook. At first glance, it takes that online yearbook metaphor to the extreme, with superlatives, flirts, bullies, lockers, etc. It’s the whole high school deal, and it’s about certain things best left forgotten for most people.
While they’re brave for taking on The Man, I find it likely that, if successful, the allure of selling the highly lucrative market out to a big business with the promise of lots of cash will outweigh their noble intentions.
Updated July 16, 2010 and originally published January 23, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.