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Education

We Rent Movies, So Why Not Textbooks? 398

Posted by Soulskill
from the or-food dept.
Hugh Pickens writes "Using Netflix as a business model, Osman Rashid and Aayush Phumbhra founded Chegg, shorthand for 'chicken and egg,' to gather books from sellers at the end of a semester and renting — or sometimes selling — them to other students at the start of a new one. Chegg began renting books in 2007, before it owned any, so when an order came in, its employees would surf the Web to find a cheap copy. They would buy the book using Rashid's American Express card and have it shipped to the student. Eventually, Chegg automated the system. 'People thought we were crazy,' Rashid said. Now, as Chegg prepares for its third academic year in the textbook rental business, the business is growing rapidly. Jim Safka, a former chief executive of Match.com and Ask.com who was recently recruited to run Chegg, said the company's revenue in 2008 was more than $10 million, and this year, Chegg surpassed that in January alone."
It's funny.  Laugh.

John Hodgman Asks Obama, "Are You a Nerd?" 147

Posted by samzenpus
from the gooble-gobble-one-of-us-one-of-us dept.
Hugh Pickens writes "Watch a video of comedian John Hodgman speak after Barack Obama at the recent Radio and Television Correspondents Association dinner in DC and discuss the central question of our age: "how we can heal the great and shameful division that has plagued our nation for so long — the age old conflict between jocks and nerds" and ask Obama: Are you now, or have you ever been, a nerd?"

If a listener nods his head when you're explaining your program, wake him up.

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