The business model? Rent out college textbooks via a website, deliver them to students via UPS and save them 50% to 70% off the cost of buying used or new books. Chegg just landed $25 million from venture-capital firms.
I noticed that Chegg.com addresses the question "May I Eat My Textbook?"twice in its FAQ section. It seems to be a common problem:
Although frequently considered when the pantry and wallet is empty, eating your textbook is extremely harmful to your health and may result in serious complications. Common side effects of eating a textbook may include an upset stomach, dehydration, nausea, missing problem sets, and constipation. Chegg will not accept books in eaten conditions nor in any conditions that resemble being eaten (please see our book conditions policy).
Chegg CEO Rashid applies Netflix concept to textbooks. USA Today.
Top 10 FAQ Questions. Chegg.com.
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