Ebook Community Wattpad Raises $17.3M, Claims Higher Engagement Than Pinterest

http://betakit.com/2012/06/06/ebook-community-wattpad-raises-17-3m-claims-higher-engagement-than-pinterest

by huda • 14 years ago

30 12 14 years ago

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verelo• 14 years ago

Congrats to Jerry and the team!

pamodina• 14 years ago

Time to celebrate!

yumraj• 14 years ago

They do seem to have great traction and customer engagement, both from the number of customers and the time they spent. However, given its all free eBooks, seems more analogous to a blog community, so am curious what their revenue model could be in future? Perhaps selling eBooks and enabling independent publishers, subscription from readers? Is the market big enough. Don't think that ads is going to cut it.

huda2• 14 years ago

The market is several billion dollars and ripe for disruption. The revenue model, of course, is the billion dollar question. There are plans in the works, but nothing concrete and on the surface atm.

patio11• 14 years ago

Steve Jobs has decreed that if you own a channel for digital goods distribution you can lease it out for 30% of gross.

jsatok• 14 years ago

Congrats to Allen, Ivan and the team at Wattpad!

debacle• 14 years ago

I posted in another thread, but this one seems to be getting more traction:

What is the draw of the site for authors? I couldn't find anything about that - is it just the readership? Is there an ad platform with profit sharing?

astrodust• 14 years ago

Why isn't the company name mentioned in the headline?

loceng2• 14 years ago

Curiosity will have more people clicking

loceng2• 14 years ago

Good job Wattpad! Congrats

huda2• 14 years ago

Things have been pretty exciting at the HQ! Thanks for all the support :)

karanwalia• 14 years ago

Congratulations to Allen and the team! These guy's are doing an awesome job, and I must say are an inspiration to start-ups based out of Toronto.

Ebook Community Wattpad Raises $17.3M, Claims Higher Engagement Than Pinterest

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