9 years ago
Scribd Raises $22M For Its Subscription E-Book Service
Scribd, a company offering unlimited access to half a million e-books for $8.99 a month, is announcing that it has raised $22 million in additional funding. The round was led by Khosla Ventures, with Khosla partner Keith Rabois (previously an executive at PayPal, LinkedIn, Slide, and Square) joining the Scribd’s board as an observer. Asked via email about how the subscription business will play out for books, Rabois noted that the model has “already transformed...
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