Team That Landed $1 Million After Answering Branson Tweet Sells Company The young founders who cosmically met Richard Branson and got him to make a nearly $1 million investment just sold their company. See what they plan to do next.

By Dinah Wisenberg Brin

Opinions expressed by Entrepreneur contributors are their own.

The young brother and sister entrepreneurs who turned a tweet from Sir Richard Branson into a $1 million investment have, nearly two years later, transformed it into an exit.

Scott and Stacey Ferreira's three-year-old startup, MySocialCloud, has been sold for an undisclosed amount. Reputation.com of Redwood City, Calif., announced Wednesday that it acquired the cloud-based platform, which allows people to manage all their logins and passwords in one, secure place.

"This acquisition marks another strategic milestone in privacy for Reputation.com and its customers," Reputation.com CEO and founder Michael Fertik said in a press release. "With MySocialCloud, we're adding a highly valued platform, a creative team, new capability and customers to our portfolio."

MySocialCloud, he said, "is a natural fit with one of Reputation.com's most important projects: the consumer data vault."

Related: How Young Entrepreneurs Turned a Tweet from Richard Branson into $1 Million

The company, Fertik noted, was the brainchild of Scott Ferreira, 22, Stacey Ferreira, 20, and Shiv Prakash, 27, who saw a strong market for technology to simplify the login and username process. Reputation.com focuses on online reputation management and digital privacy.

As YoungEntrepreneur reported last summer, the Ferreiras, who come from Scottsdale, Ariz., responded to a tweet from Virgin Group founder Branson offering a chance for people to meet him at a Miami party if they donated to his Free the Children charity. As a result, the pair met famed entrepreneur and in 2011 landed a nearly $1 million investment from him and Colorado venture investor Jerry Murdock of Insight Venture Partners.

MySocialCloud received another investment from Photobucket co-founder Alex Welch last year.

Related: Can Your Startup Snare the Likes of Billionaire Investor Richard Branson?

While some of the MySocialCloud team will remain with Reputation.com, Stacey Ferreira said by email today that she and her brother "have decided to transition things over to Reputation and then move on to start our next things, which are already in the works!"

What would you do with a $1 million investment from Richard Branson? Let us know in the comments below.

Dinah Wisenberg Brin is a freelance writer based in Philadelphia. She has covered business, politics, healthcare and general news for wire services, newspapers, blogs and other publications.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Walmart Is Laying Off Hundreds, Relocating Others as the Company Closes a U.S. Office

Walmart is giving some employees at least a month to decide if they want to relocate.

Leadership

Entrepreneurs Drive the Economy — But Are We Doing Enough to Support Them?

Are we doing enough to encourage innovative entrepreneurs to take risks for the benefit of society at large?

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Devices

Savvy Professionals Have Started Trading Old-School Wallets for These

This lightweight security wallet attaches directly to your iPhone, and two of them are on sale for only $55.

Business News

Thieves Steal $40,000 Worth of Eggs in a Massive Trailer Heist: 'Liquid Gold'

Egg prices are expected to continue to rise in 2025.

Fundraising

How to Navigate Fundraising Challenges Like a Pro and Win Over Investors

Raising capital for your business is one of the most difficult hurdles to success. Here are some helpful tips for meeting these challenges head-on and overcoming them.