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Textbookrental.ca was established in 2010 by entrepreneurs Gershon Hurwitz and Mike Stock, [3] in response to student concerns about the rising cost of textbooks. [4] By 2011, the online store was selling textbooks at a discount and renting texts, allowing searching by textbook ISBN , author, and title, selecting a 2, 3, or 6 month (semester ...
BookRenter initially received financing from several venture capital firms in Silicon Valley. In 2009, it announced a Series A round of $6 million, [12] raised from Storm Ventures and Adams Capital Management, then Norwest Venture Partners led the Series B round of $10 million, which included participation from prior investors Storm Ventures and Adams Capital Management.
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Book rental companies having a subscription-based models where a monthly or periodic subscription fee is charged and members can rent a number of books based on the subscription. Book rental companies taking a fraction of book cost as rent. This is the most prevalent model in textbook and college book renting.
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Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. [2] The company was launched in 2006, and began trading publicly on the New York Stock Exchange in November 2013.
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