• Amid Reports Of IPO Plans, Chegg Acquires Lecture Note Marketplace Notehall

    We’re hearing that online textbook rental service Chegg has completed its third acquisition today, snapping up lecture notes and study guides service Notehall for an undisclosed amount of cash and stock. Chegg, which has received over $219 million in financing and hit revenues in the ballpark of $130 million in 2010, is also reportedly “deep in talks” with bankers regarding… Read More

  • Mike Maples: Why I Don't Go for the Flip and the Three Deals that Got Away (TCTV)

    Floodgate’s Mike Maples came in the studio yesterday to pre-tape an episode of Ask a VC, and while we had him here we picked his brain about the state of the venture industry. We started by talking about why his firm, Floodgate, is out of step with the broader Super Angel movement. Not only does Maples not believe you can make money through a spray-and-pray-and-flip approach, he… Read More

  • BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals

    BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals

    College textbook rental startup BookRenter has raised $40 million in funding from Adams Capital Management, Comerica Bank, Focus Ventures, Lighthouse Capital Partners, Norwest Venture Partners, and Storm Ventures. This brings BookRenter’s total funding to $60 million. Similar to Chegg, Bookrenter wants to be the Netflix of textbook rentals. By renting textbooks, Students are able to… Read More

  • Chegg Hires Former Netflix COO To Manage Massive Textbook Warehouse

    Chegg Hires Former Netflix COO To Manage Massive Textbook Warehouse

    Right about now, as college students across the country start to go back to school for the Spring semester, things are starting to pick up at Chegg’s 600,000 square foot warehouse in Shepherdsville, Kentucky. The warehouse sits right next to the main UPS shipping hub and across from a Zappos warehouse. The textbook rental company sees its busiest times peak twice a year at the beginning… Read More

  • Little Bookrenter Is Narrowing The Gap With Chegg

    Little Bookrenter Is Narrowing The Gap With Chegg

    When it comes to the quickly growing online textbook-rental market, Chegg is the young giant to beat. But its smaller competitor, Bookrenter, is making some impressive gains. If you look at traffic to each respective website, you can see spikes at the beginning of each semester (see chart above). Last January, Bookrenter’s traffic was only 12.6 percent of Chegg’s, whereas by… Read More

  • Borders Taps Chegg To Power Textbook Rentals Platform

    A few months ago, Borders got into the textbook sales race with the launch of a marketplace to buy and sell used books. Today, the company is getting into textbook rentals; partnering with rental giant Chegg to power a rental platform on Borders’ site. Financial terms of the agreement were not disclosed Through the partnership, Borders’ customers have access to Chegg’s… Read More

  • Mike Maples: "You Have to Be Willing to Throw it all away" [Video]

    Mike Maples: "You Have to Be Willing to Throw it all away" [Video]

    If you are a entrepreneur– especially a first time entrepreneur or an entrepreneur outside of Silicon Valley– you need to stop what you are doing and watch this video. Yes, it is 45 minutes long. But it’s worth it. Last night at a Founder Institute event, super angel Mike Maples gave a talk about what he calls “pivots” and “thunder lizards.”… Read More

  • TC Teardown: 13 Ways To Get To $10 Million In Revenues (Part II)

    TC Teardown: 13 Ways To Get To $10 Million In Revenues (Part II)

    Editor’s note: This post is the second part of an analysis of different consumer Internet business models by guest author Steven Carpenter. It is suggested that you first read Part I. Most consumer Internet startups fall into a baker’s dozen of possible business models. In the first part of this post, I tried to lay out the three main buckets those business models fall into… Read More

  • Textbook Rental Juggernaut Chegg Adds Another $75 Million To Its Coffers

    Textbook rental juggernaut Chegg raised another $75 million from a Hong Kong investment firm called Ace Limited. This new round, which is a series E, brings the total capital put into Chegg so far to $219 million. The company raised its last round of $57 million just last November. Chegg rents textbooks to college students, which is a capital-intensive business, requiring warehouses… Read More

  • Chegg's First Acquisition: CourseRank

    Chegg's First Acquisition: CourseRank

    Chegg’s textbook rental business continues to grow like crazy – we’ve estimated 2010 revenues of $130 million, for example. And the company is now starting to acquire businesses complimentary to their core focus. First up is CourseRank, founded in 2007 by three stanford students. Total funding raised by CourseRank is $0 – it’s “Mountain Dew funded to… Read More

  • TC Teardown: Chegg Is A Money Machine

    TC Teardown: Chegg Is A Money Machine

    Editor’s note: Book rental startup Chegg is making money hand over fist. Guest author Steven Carpenter does a teardown of its business model and estimates its revenues will reach $130 million this year.  Carpenter was the founder and CEO of Cake Financial, which was sold to E*Trade earlier this year.  Previously, he’s written TC Teardowns on Groupon and Zynga. Chegg may very… Read More