Scribd to sell 5,000 e-books from Simon & Schuster
Scribd, the site that lets users upload, share and embed documents, first launched its e-books store back in May as a potential competitor to Amazon. Now it has inched closer to its goal with a deal to sell 5,000 titles from major publishing house Simon & Schuster in the form of digital e-books.
Many publishing houses are shopping around for new online distribution opportunities. E-books may have only generated $100 million in revenue last year, but… Continue Reading
Scribd raises $9 million, hires new president for social publishing
Social publishing firm Scribd is announcing today that it has raised $9 million in a second round of funding and has hired George Consagra, former chief operating officer of Bebo, as its president.
The San Francisco-based company lets people share and publish original writings on its web site. It has more than 50 million readers each month, and more than 50,000 new writings and documents are uploaded daily.
This round of financing was led by Charles River… Continue Reading
Roundup: AirGoogle, Twitter, Hotswap, Hulu/Lulu and more
Here’s the morning roundup of the latest action:
Summary:
*AirGoogle at Moffet
*Twitter API has ten times traffic as Twitter.com
*House passes bill to overhaul nation’s patent system
*Hotswap, used car site, to launch, with $1M in funding
*Hulu sued by Lulu
*Google’s desktop software gets respect; GapGemini recommends it to corporate customers
Air Google using NASA grounds at Moffett Field — First reported by Valleywag, the SF Chron follows up, confirming that the Boeing 767 owned by Google’s co-founders has used the NASA… Continue Reading
Scribd raises $3.7M, amid lots of interest
San-Francisco-based Scribd, the so-called “YouTube for documents,” has attracted a lot of attention — including plenty of suitors from Silicon Valley’s venture capital firms.
So it comes as no surprise that, shortly after launch, it has raised $3.7 million from Redpoint and original seed investor Kinsey Hills Group. Co-founder Trip Alder wouldn’t disclose precise valuation the investors placed on Scribd, but did say the rumored $17.5 million post-money valuation is just about right.
The round closed a… Continue Reading