BookRenter

BookRenter
TypePrivate
IndustryEducation
Online retailing
Founded2006 in Silicon Valley, California, US
Defunct2016 (2016)
FateAcquired by eCampus.com
Headquarters
San Mateo, California
ProductsOnline textbook rental
eTextbooks

BookRenter was an American online textbook rental company based in San Mateo, California.[1] It was founded in 2006 and was acquired by eCampus.com in 2016.

History

BookRenter was founded as an online textbook rental service in 2006. Colin Barceloux founded the company as a startup in Silicon Valley.[2][3] Barceloux worked with two engineer majors, Chris Williams and Philippe Huibonhoa to create the website. The company partnered with college bookstores by setting up a virtual rental store on their own websites.[4] In 2010, it reportedly served 6 million students on over 5,000 campuses in the US.[5]

In 2009, Mehdi Maghsoodnia became CEO of the company, replacing Colin Barceloux.[6] In 2010, Netflix co-founder Marc Randolph joined the board of directors.[7]

As of 2011, the company had raised $60 million in funding.[8][9]

It was the recipient of About.com’s 2012 Reader Choice Award for "Best Site for Renting Textbooks".[10]

In 2014, BookRenter partnered with Staples to expand its textbook rental service delivered through Staples.com. [11]

In May 2017, the company was acquired by eCampus.com.[12][13]

See also

References

  1. ^ "Bookrenter Binds Up $10M More As Textbook Rentals Spread". The Wall Street Journal. June 3, 2010. Retrieved May 26, 2018.
  2. ^ "Company Gives College Students The Option To Rent Expensive Text Books". CBS Boston. August 23, 2011. Retrieved May 26, 2018.
  3. ^ Goldfisher, Alastair (June 16, 2010). "BookRenter competes for huge textbook market". Reuters. Retrieved May 26, 2018.
  4. ^ "BookRenter Opens Up Textbook Rentals To Campus Bookstores And Other Partners". TechCrunch. March 4, 2010. Retrieved May 26, 2018.
  5. ^ "Little Bookrenter Is Narrowing The Gap With Chegg". TechCrunch. December 10, 2010. Retrieved May 26, 2018.
  6. ^ "BookRenter.com Names Mehdi Maghsoodnia Chief Executive Officer as Company Witnesses Explosive Growth". June 24, 2009. Retrieved May 26, 2018.
  7. ^ "BookRenter Adds Netflix Co-Founder Marc Randolph To Its Board Of Directors". TechCrunch. May 7, 2010. Retrieved May 26, 2018.
  8. ^ "BookRenter raises $40M". www.bizjournals.com. February 23, 2011. Retrieved May 26, 2018.
  9. ^ "BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals". TechCrunch. February 23, 2011. Retrieved May 26, 2018.
  10. ^ "Bookrenter.com Review – Is it Really Cheaper?". Retrieved May 26, 2018.
  11. ^ "BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals". Yahoo Finance. January 14, 2014. Retrieved May 26, 2018.
  12. ^ "eCampus.com Announces Expanded Course Material Solutions with Purchase of Rafter Assets, Including Rafter360". May 2, 2017. Retrieved May 26, 2018.
  13. ^ "ECampus.com ALL Access Partners with Schreiner University to Offer In-Tuition Textbook Model to Save Students Up to 50% or More on Textbook Costs". WENY-TV. May 14, 2018. Archived from the original on May 26, 2018. Retrieved May 26, 2018.

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