Trip Adler: Scribd is profitable and operating off its profits
Trip Adler · 969 How Scribd Passed $54m in ARR Building Netflix for Books · Mar 20, 2018 · at 3:43
Trip Adler, CEO of Scribd, discusses the financial health and sustainability of the reading subscription platform.
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“And at this point we're profitable, so we're just living off profits and, which is a good spot to be.”
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More from Trip Adler
Trip Adler: $12,000 is still sufficient capital to launch an online service
“I mean back then you know, 12,000 was really, you know, it still is sufficient to get, get a service up and running.”
Adler: Scribd primarily pays publishers on a per-read basis
“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.”
Adler: Scribd pays publishers once users read 20% of a book
“So it's usually about 20% of the book is when that triggers the payment.”
Trip Adler: Scribd has raised approximately $50 million in total funding
“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…”