Did textbook site Chegg raise $15M from Kleiner Perkins? Not exactly

Did textbook site Chegg raise $15M from Kleiner Perkins? Not exactly

We’re hearing that a funding rumor going around about used textbook site Chegg isn’t quite right. Chegg has some new venture backing, but the details of TechCrunch’s story reporting that Chegg raised $15 million from Kleiner Perkins Caulfield and Byers aren’t quite right, multiple sources tell us — including Chegg chief executive Osman Rashid.

“The TechCrunch story is not accurate and that is all I can say at this point,” Rashid says. “We will be doing… Continue Reading