Open Source Text Book Company Flat World Knowledge Gets Funded
from the disruption-on-the-way dept
We wrote about Flat World Knowledge, the open source textbook provider earlier this year, in noting how the textbook market was ripe for disruption. It's great to find out that the company has now received $8 million in funding -- which seems to go against a rash of recent stories from publications about how companies building business models with a big "free" or "open source" component would have trouble raising money these days. FWK, of course, is using free properly -- as a part of a larger business model where scarcities are charged for, but infinite goods are given away freely. Who knows if it will succeed, but it's nice to see the vote of confidence from investors.