by Mike Masnick
Fri, Mar 27th 2009 3:59pm
flat world knowledge
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.
If you liked this post, you may also be interested in...
- Time Warner Eyes Hulu Stake, Wants Service To Remove Current Seasons Of Shows
- DailyDirt: Those Who Can, Write Textbooks...
- DailyDirt: Open Textbooks Starting To Save Students Real Money
- Flat World Knowledge Taking Away Its Free Option Opens Up Opportunities For Competitors
- Flat World Knowledge No Longer To Offer Free Texts, Claims It's More 'Fair'