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Chegg estimated to generate $130m yearly Details

Chegg estimated to generate $130m yearly

Analysis on why Chegg is the Netflix of textbooks and is positioned to dominate This analysis comes from Steve Carpenter, an Internet entrepreneur who spends his days analzying high-profile private companies to help provide transparency to this very opaque sector of the economy. From Steve’s analysis: Chegg, the “Netflix for textbooks” that lets students across 6,400 college campuses rent from a virtual bookstore containing 4.2MM books, may very well be the fastest-growing, most successful, second generation e-commerce startup that you never heard of. Based on my analysis, the company, which has raised $140MM, is on track to generate $130MM in revenues in 2010, up from $25MM in 2009, and $10MM in 2008. During the January, 2010 semester, I estimate the company made close to $1MM in revenue a day, up 5X from $200K/day the ... [ Read more ]

Channel: VatorNews.tv

Video Length: 0s

Date Found: Mon, Jun 07 2010 8:05 AM

Category: Technology

Date Produced: Mon, Jun 07 2010 7:15 AM

View Count: 0

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