Books

Simon & Schuster’s New Online Venture Is Sure to Be Another Expensive Failure

Part of a photo on 250 Words' Facebook page.

It comes as a surprise that Simon & Schuster is launching yet another new books site, called 250 Words. 

The publisher’s first foray into literary websites was Bookish, a book recommendation site started by the Hachette Book Group, Simon & Schuster and Penguin USA.

Last month, we learned that Bookish had been sold to the e-book retailer Zola. It seems it was unable to compete with huge sites with Amazon, and struggled to draw in readers since its significantly delayed 2013 launch. 

Our sources tell us the publishing groups sold Bookish, which had reportedly received $20 million in funding, at a pretty serious loss.

So the debut of 250 Words seems strange, given that the last attempt at a books site was hardly a best-seller. Mediabistro reported yesterday that the publishing company has just launched 250 Words, a site that aims to become “a hub for intelligent business thinking, with a focus on books.”  Read More

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How to Talk Your Boss Into Your Next Raise: Here Are the NYC Startups With the Highest Average Salaries

(Photo: AngelList)

AngelList, the Facebook for startups, just did NYC job seekers in the tech sector a major solid. Today the company released a graphical breakdown of the average salaries of tech companies, drawn from data collected through its jobs portal, which helps match startups with prospective talent. The information is quite revealing, and much more detailed than what you’d find on a site like GlassDoor. Read More