Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
fastcompany.com
fastcompany.com
I don't know if it's some sort of layout software that's doing it, or she did it by hand, but it's a lot of absolute positioning.
I still think very page-like and being semantically correct when it comes to my layouts. Her methods gives me something else to think about. In addition, if her page source is any indication, CSS and HTML is nowhere near the expressibility that is required for complicated layouts. If it were, her source would be more semantically valid, and she wouldn't be using divs for the buildings and all the little windows in the upper right corner.
unfortunately myspace has repeatedly shown that they are hostile to external business partners and don't want to turn myspace into an ecosystem. at any time they could capriciously shut you down. it's rupert murdoch and fox news you're dealing with.
Of course, I also agree that betting on MySpace or Facebook alone is a death wish.
Anyone like to valuate her startup?
Her best method of growth seems to be competing with Weebly with her page generating software. I assume that unlike Weebly she'd be willing to put ads on the pages of her users, so that could also be very profitable.
But still 1.6 million for a company with a million in annual revenues is an offensively low offer. Whoever made it ought to be ashamed of trying to take advantage of a 17 year old girl that way. Good for her for not being overwhelmed by the big numbers. Even if sales topped out today, and she never saw any more growth, that's a business worth tens of millions over a lifetime. And, worst case, if all of the markets she deals in dry up over the next three years...she still makes enough to retire comfortably on (and a lot more than a measly 1.6 million). I suspect that with her business savvy, though, she'll be able to continue to build into new areas.
It was an "associate" of Myspace cofounder Brad Greenspan who made the acquisition over. Brad Greenspan was the guy who accused Rupert Murdoch/News Corp of defrauding investors by undervaluing Myspace. Even more insultingly they came back with an offer to give her $700,000, a car, and her own internet TV show which is clearly much worse than the previous offer.
That's a risk of any early stage acquisition. If you're strongly risk averse, you aren't doing this kind of deal. Every tech startup at this early stage has dozens of unpredictable variables, but when you have a strong cash flow, explosive growth, and plenty of users, the value goes way up.
This thought makes the last few sentences in the article a bit offensive:
>> Just a 17-year-old and her big dreams in a pink, pink, pink world full of promise. And if they don't come true? Well, there's always college.
Very inspiring, saw this on digg. I am glad to see some women internet entrepreneurs. Also, that sector of the market is very hard to break into, try doing a search for myspace layouts. These websites are plagued with ads. She said in her article she focused on user design and branding which is key.
As much as we all hate myspace. We have to think also, there is a new younger breed of myspace users that are learning html, javascript, css, etc. becoming web designers/developers who might not have learned or wanted to learn elsewise. That is what I think is still great about myspace and other customizable sites.
- Joey Primiani
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Maybe there just haven't been enough rolemodels for girls to look up to.
As far as earning money, they're working at retail stores earning single digits/hour to earn spending money; if I was a bit richer, I would hire them to learn hacking/build an app as a way of earning at least that amount. Money-making is definitely not a turn-off for them.
One more thing: it's not just that there are too few role models for women; there's too much peer pressure not to be a girl geek. For guys, being a geek has a certain cachet to it; people treat you as smart. This is not true for girls. So there's more pressure for girls not to do hacking/engineering/other geeky things. This is my observation, anyway; YMMV.