The Ledger
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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.”
Trip Adler: Scribd is profitable and operating off its profits
“And at this point we're profitable, so we're just living off profits and, which is a good spot to be.”
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…”
Trip Adler: Scribd does not intend to raise additional capital
“We're not really intending to raise any more money for the time being.”
Scribd reached 100M monthly users between 2007 and 2011
“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.”
Scribd has reached 1M books in its subscription catalog
“We were able to now get up to a million books in our service.”
Adler: Scribd hosts 70M documents and attracts 100M monthly visitors
“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.”
Adler: Scribd is growing at roughly 50% per year
“I mean, we're growing at maybe 50% per year right now.”
Adler: Scribd is aiming to reach 1 million paying subscribers
“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.”
Adler: Scribd operates on a single $9 monthly subscription
“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…”