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Chegg Raises $57 Million For Online Textbook Rental Service

Looks like VCs are really loosening their wallets. College textbook rental service Chegg says it has raised $57 million in a fourth round of funding. It’s the latest company to pull in a big round this month; RockYou, Motley Fool, and Playdom have all raised $25 million-plus rounds over...

Tags: Round, Textbook, Chegg, Recruitment & Selection, Workforce Management, Payroll Solutions, Human Resources, E-Commerce, Money, M&A & Venture Capital, Venture Capital, Joseph Tartakoff

External links 2009-11-19

Chegg Founder's New Venture: Electronic Readers?

Is the founder of online textbook rental firm Chegg about to make a play in electronic books? Chegg co-founder Osman Rashid has now raised more than $1.1 million for his new venture Kakai, according to recent SEC filings See here and here. On its website, Kakai describes itself only...

Tags: Ask.com, Textbook, CEO, Chegg, Kakai, Telecom & Utilities, Media & Publishing, Books, eReaders, Money, M&A & Venture Capital, Venture Capital, Joseph Tartakoff

External links 2009-08-05

Industry Moves: Safka Steps Down As Chegg CEO

Jim Safka, the former Ask.com CEO, has stepped down as CEO of heavily-funded online textbook rental service Chegg after less than four months on the job. In a statement, Safka says he is leaving Chegg to spend more time with his family. “Due to the extraordinary demands of Chegg...

Tags: Industry, CEO, Chegg, Rashid, E-books, Cellular Phones, Personal Technology, Consumer Electronics, Industry Moves, Media & Publishing, Books, eReaders, Companies, IAC, Joseph Tartakoff

External links 2009-09-26

Additional Resources

Akademos Raises $2.5 Million For Online Textbook Store

Akademos, which operates online bookstores for schools, has raised $2.5 million in a round of funding from Kohlberg Ventures. With Akademos' solution, schools don't have to operate their own brick- and-mortar stores and can instead build customized online shops, featuring new and used textbooks for courses. The company's platform...

Tags: Textbook, Akademos, Corporate Governance, Business Operations, Corporate Law, Media & Publishing, Books, Money, M&A & Venture Capital, Venture Capital, Joseph Tartakoff, Time Warner Inc.

External links 2009-08-10

BookRenter Raises $6 Million In First Round

Another big, albeit much more down to earth bet on the online book rental market from VCs. Online book rental service BookRenter is announcing it has brought in $6 million in a first round, less than a week after rival service Chegg raised $57 million in its fourth round...

Tags: Round, VP, Textbook, BookRenter, Marketing Research, Marketing, Media & Publishing, Books, Money, M&A & Venture Capital, Venture Capital, Joseph Tartakoff

External links 2009-11-23

Flat World Knowledge Adds Another $2.5 Million For Open-Source Textbooks

Open-source textbook firm Flat World Knowledge has raised an additional $2.5 million in funding. The company said back in March that it had raised $8 million in a first round of funding—but a spokesman says that round was expanded because of “momentum” in its business. The startup says that...

Tags: Knowledge, Textbook, Open Source, Media & Publishing, Books, Money, M&A & Venture Capital, Venture Capital, Joseph Tartakoff

External links 2009-12-14