March 28th, 2013

Amazon Acquires Social Reading Site Goodreads, Which Gives The Company A Social Advantage Over Apple

Goodreads-Logo

Today, Amazon has announced the acquisition of social reading service, Goodreads. Specific terms of the deal weren’t disclosed and it should close by the end of Q2. Goodreads had raised $2.75 million in funding from the likes of True Ventures since launching in January 2007. When we talked to them last August, the site had over 10 million members and had catalogued more than 360 million… → Read More

December 28th, 2011

GoodReads’ Recommendation Engine Acquisition Gooses The Publishing Game

Screen Shot 2011-12-28 at 10.57.35 AM

While bookstores are reporting increased sales this month, I foresee a time when “Staff Picks” at the local booke shoppe will soon be replaced by recommendation engines that tell you what ebook to pick up next.

Services like Amazon’s own recommendation engine and smaller guys like Booklamp all promise to let you know what tome to crack after you finish the Stephen King epic but GoodReads adds… → Read More

December 17th, 2007

Goodreads Raises Angel Round To Help You Find That Perfect Book

Los Angeles based Goodreads, a social network focused on book lovers, has managed to get to 650,000 registered users and near profitability without any funding at all in their first year since launch. Today they will announce an angel round of financing from James Currier (founder of Ooga Labs and Tickle), Michael Birch (founder of Bebo), Chris Michel (founder of Military.com and Affinity Labs)… → Read More