backtop


Print


BookRenter.com offers students the chance to save hundreds on textbook costs a semester.
Students rejoice, the Netflix of textbooks has arrived to bring you (somewhat) lower costs

It's always fun to see a clever business model cooked up and delivered to the masses.  That's the case with BookRenter an enterprising startup that aims to become the Netflix of textbooks, helping college students everywhere stay on budget.

The scheme arose amid record high prices for college texts.  Some textbooks retail for $200 or $300, even.  An average college student taking a full course load can easily spend $500 to $1,000 per semester on textbooks alone.

BookRenter looks to remedy that.  Users can search for books via their title or ISBN.  They then specify a rental period and delivery option.  The books are delivered with return UPS labels for easy return shipping at the end of the exchange period.

The scheme is a win-win for all involved.  Students get textbooks at a fraction of the costs.  And BookRenter can buy one text and rent it multiple times, ultimately recouping significantly more than the purchase cost.

After $6M USD in preliminary funding, BookRenter just scored $10 million in a Series B financing round.  The new funding will allow the startup to offer rental stores customized for a specific university.  BookRenter offers the tools necessary for any university to set up its own branded online rental shop.

Currently, the site has 75 university partners including the University of Texas at Austin, North Carolina State University, the University of Memphis, the City College of San Francisco, and the University of San Diego.  It also boasts 1.3 million student subscribers.

BookRenter isn't the only textbook rental service in town, though.  Barns and Noble and Chegg(another startup) both offer similar services.  In fact Chegg and BookRenter both claimed to have come up with the "#1 In Textbook Rentals" slogan, a fight which recently was taken to court.

Ultimately, BookRenter and its competitors all look to enjoy some measure of success in this burgeoning market.  Students, professors doing research, and even universities can all benefit from reduced textbook costs.  About the only parties that lose out are textbook writers (usually professors) and textbook publishers.  Ultimately, there's little they can do, though -- these internet rental services can always buy books on the free market.





"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken
Related Articles



Latest Headlines
Google Pixel 2XL will reportedly cost less.
September 20, 2017, 6:17 AM
IFA Berlin 2017 Tech Show
August 25, 2017, 6:13 AM
Two great updates from Google
August 20, 2017, 6:42 AM
Sony’s 4K OLED Smart TV
August 13, 2017, 6:20 AM



Most Popular Articles2nd Generation August Smart Lock – Now with Apple HomeKit Features
September 18, 2017, 7:00 AM
iSO 11 is Almost Ready:
September 19, 2017, 7:48 AM
Intel Coffee Lake release date
September 10, 2017, 6:07 AM
iOS 11 Arrives in 2 Days – Here is What You Get.
September 17, 2017, 6:59 AM
We will Get 5G Phones in 2019
September 19, 2017, 6:49 AM

Latest Blog Posts






botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki