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We reported on the launch of Scribd , the “YouTube For Documents” a little over two weeks ago.
Scribd , dubbed the “YouTube for Documents,” was the dark horse of their Y Combinator class, but the social document site now gives its critics pause to think.
San-Francisco-based Scribd , the so-called “YouTube for documents,” has attracted a lot of attention — including plenty of suitors from Silicon Valley’s venture capital firms. So it comes as no surprise that, shortly after launch, it has raised $3.7 million from Redpoint and original seed investor Kinsey Hills Group. Co-founder Trip Alder wouldn’t disclose precise valuation the investors placed on Scribd, but did say the rumored $17.5 million post-money valuation is just about right.
Scribd , the San Francisco-based startup that was dubbed the “YouTube of Documents,” has finally become worthy of that sobriquet. While I don’t care much about community around documents, I love the concept of the dead simple sharing of documents.
Social publishing firm Scribd is announcing today that it has raised $9 million in a second round of funding and has hired George Consagra, former chief operating officer of Bebo, as its president.
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Book publisher Simon & Schuster will offer 5,000 of its titles for sale digitally via document-sharing site Scribd.com , opening a fresh chapter in Amazon's epic struggle to dominate the e-book market with its Kindle e-reader. Best-selling Simon & Schuster editions from scribes like Dan Brown, Steven King, and Mary Higgins Clark will sell on Scribd's site, while thousands of other titles will be searchable in Scribd's database, from which users can sample 10% of those books' content and click through to purchase print editions. The Scribd model is what Amazon must have seen coming (and feared): while Amazon sets the price of books it sells and restricts the file readability to its own Kindle e-reader, Scribd takes only 20% of whatever price the publisher chooses, granting authors and publishing houses much more leeway.
Scribd has quietly become one of the world's most popular websites. The service lets you share documents, presentations, and PDFs online; its embedding feature alone has revolutionized how documents are used and shared. Still, many pieces of Scribd have been a silo; many users search for a document (often finding it via Google), download it, and leave.
When Kemble Scott walks into the Booksmith on Haight Street tonight, opens up a copy of his new novel The Sower , and starts to read to the collected audience, he will be committing an act of radical revolution.
Scribd is giving certain news sites that use its document sharing service to embed legal filings and PDFs the chance to stick their own logos on the company’s reader.
Who needs job security?
Document-sharing site Scribd launched three years ago with the idea of making PDFs and other text-documents more Web-friendly. Now three years later, the site stores more than 10 million documents, which in turn have been embedded more than 10 million times across the Web. Scribd says it reaches more than 50 million people a month worldwide ( Quantcast ).
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Document-sharing site Scribd has a new trick up its sleeve that will make whatever you're viewing on the site a little more public.