Scribd is a document-sharing website with more than 50 million monthly users. Anyone can post a document to the site and, according to Wikipedia, Scribd is "the world's largest library of user-generated documents."
The company started in March, 2007 on a shoestring. In 2007, a group of investors put together a $3.7 million package. This past December, Charles River Ventures together with the original group of investors provided another $9 million in funding. Scribd hired Bebo's ex-chief operating officer as its president.
Tuesday's article reported:
Online document sharing site Scribd has announced that it has partnered with a number of major publishers, including Random House, Simon & Schuster, Workman Publishing Co., Berrett-Koehler, Thomas Nelson, and Manning Publications, to legally offer some of their content to Scribd's community free of charge. Publishers have begun to add an array of content to Scribd's library, including full-length novels as well as briefer teaser excerpts.Scribd's website describes its services this way:
With Scribd's iPaper document reader, anyone can easily upload and immediately share their original works on Scribd.com or any other website. iPaper transforms PDF, Word, PowerPoint and many other file formats into an elegant web display. Your work can be shared with Scribd's community of passionate readers, and because every word of your document is indexed for search engine optimization, your screenplay, novel or even sheet music and recipes also can be discovered by the world.Check out the Scribd site here.