Scribd

“I mean, we're growing at maybe 50% per year right now.”

“So it's usually about 20% of the book is when that triggers the payment.”

“We were able to now get up to a million books in our service.”

“We're not really intending to raise any more money for the time being.”

“The main type these days is we will pay by the read of the book. So this way it, from their perspective, it more or less looks like a sale. So just like they're selling the book, we'll pay them anytime the user reads the book.”

“We raised fifty million at this point. So, so basically the trajectory was it was the first 12,000 from Y Combinator. Then we raised 40,000 in angel money. And then at that point we got some tractions. We really quickly went to raise three and a half million f…”

“And at this point we're profitable, so we're just living off profits and, which is a good spot to be.”

“Well, we have this library of seventy million documents that are uploaded by users and basically we have over a hundred million people a month who come to visit that library of content.”

“So Scribd's a subscription service for reading. So what you can do is pay nine dollars a month, and then you can read books, audio books, magazines, newspapers, documents on whatever device you like. So so it's all basically funded by our consumers who pay the…”

“From the, from launch to a hundred million monthly users pretty quickly... Probably four years... Yeah, seven to 2011. I went from roughly zero to a hundred.”

“And I mean, the next one for us is a million subs. I mean, that's really what we're aiming toward. So that's a big one that we're looking forward to celebrating.”

“I mean back then you know, 12,000 was really, you know, it still is sufficient to get, get a service up and running.”