Evan Sharp. (Courtesy of Pinterest)
York, PA - Pinterest, a visually driven social network co-founded by York Suburban High School graduate Evan Sharp, is valued between $1 billion and $1.5 billion after its latest round of funding, according to news organizations.

Reuters, citing the research outfit comScore, reports that Pinterest has grown from fewer than one million users a year ago to about 20 million as of last month.

Reuters reported that "many investors were wary about the billion-dollar valuation" because it "puts Pinterest beyond the reach of all but a handful of potential acquirers, probably putting it onto a path for an eventual IPO rather than an acquisition."


Related:

· Suburban grad leads fast-growing social site

· York Daily Record/Sunday News on Pinterest

· Forbes: "Pinterest's First Investor: This is 'What Facebook Was Supposed To Be'"

· Allthingsd.com: "Exclusive: Japan's Rakuten Wins the Heart of Pinterest in $100M Funding Race With $1.5B Valuation"

· Check out these old York County, Pa., photos of interest on Pinterest