The Future of the Ebook
Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week and tell you what you need to know and why it matters.
The deal: Apple acquired book analysis startup Booklamp for an alleged $10 to $15 million, likely to begin work building a book subscription platform, or something much bigger.
Apple is always stark and shady when it comes to their acquisitions. They’ve bought a number of under-the-radar startups, and when asked why, they offer up the same response:
“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
The Future of the Ebook
Oyster is on a roll lately. They’ve been signing up new publishers, launching new apps, getting good reviews — they’ve even gotten people to rightfully start calling them the “Netflix for Books.”
To add to all of that, as of this morning Oyster is launching their desktop app, making their books available wherever there’s a working browser tab. Though Read More
Avid readers are constantly bickering over whether or not ebooks reign supreme, or if print is still the gold standard. One little Canadian startup, however, thinks that a little of both is the solution to keep everyone happy, and they’re starting to convince the players in the publishing game that matter most.
Bitlit, an app Read More
Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.
This week’s deal: Oyster, the Netflix for books, signed a deal with Simon & Schuster that will give Oyster subscribers access to Simon & Schuster’s entire backlist.
Oyster, a service that charges $10 a month for all-you-can-read access to a library of half a million books, just added heavyweight Simon & Schuster to their list of publishers. That makes two of the Big Five companies that dominate the publishing game, and if Oyster can sign on the remaining three publishers, they could take their place among companies like Spotify and Netflix as one of the great subscription titans of the decade.
Jack Leidlein, who was hired last week by First Round Capital to be their head of talent, really loves to use the word “exceptional.” It makes sense, though; the very core of Mr. Leidlein’s new job–recruiting brilliant engineers to fill the ranks at First Round-funded startups–hinges on exceptionalism, and his knack for finding diamonds in the rough.