Update:Yahoo has purchased Tumblr for $1.1 billion in an all-cash deal. Traffic numbers have been updated to reflect the press release.
In 2007, David Karp started a creative blogging platform, Tumblr.
Now it's a behemoth, home to more than 105 million blogs, with more than 300 million monthly uniques. Recent reports state that Facebook and Yahoo are both interested in acquiring Karp's company for $1 billion.
For a 26-year-old who's already worth more than $200 million on paper, Karp lives a modest life. He prefers a night in with his girlfriend to a crazy night out. Most days, he rides a Vespa or walks to Tumblr's headquarters.
But he's also traveled the world and enjoys taking fancy cars for weekend getaways.
What's it like being the 26-year-old founder of Tumblr? Here's a look into Karp's life as depicted (how else?) in his Tumblr blog.
David Karp was born and raised in Manhattan. He dropped out of high school with his parent's blessing at the age of 15, was home-schooled for three years, and joined the work force.
By the time Karp's friends were off to college, he was Head of Product at UrbanBaby, a site CNET acquired in 2006.
Karp used the money from the sale to create Davidville, a consulting company, and to launch his own products. One of them was Tumblr, a simpler way to blog and share things online. More than 105 million blogs have been made on Tumblr and the site pulls in 300 million monthly uniques.
See the rest of the story at Business Insider