Welcome


This blog is dedicated to the topics of Course materials, Innovation, and Technology in Education. it is intended as an information source for the college store industry, or anyone interested in how course materials are changing. Suggestions for discussion topics or news stories are welcome.

The site uses Google's cookies to provide services and analyze traffic. Your IP address and user agent are shared with Google, along with performance and security statistics to ensure service quality, generate usage statistics, detect abuse and take action.

Thursday, December 18, 2008

Chegg.com receives additional funding

On Wednesday, Chegg.com, an online service for renting and selling textbooks, received an additional $25 million in funding from Kleiner Perkins Caufield & Byers (KPCB), Foundation Capital, and existing investors Gabriel Venture Partners and Primera Capital. According to the press release, Chegg.com has initiated an aggressive growth strategy and the funding will be used to help grow the site, and increase the textbook rental catalog. The company believes that their business model could be very successful due to the current economy and the rising costs of higher education. Ted Schlein from KPCB commented, “We believe there is strong potential for growth and success for the textbook rental market as parents and students look for new ways to save on the costs of a higher education.”