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.





"Vista runs on Atom ... It's just no one uses it". -- Intel CEO Paul Otellini
Related Articles






Most Popular ArticlesSuper Hi- Vision Will Amaze the World
January 16, 2017, 9:53 AM
Samsung Chromebook Plus – Coming in February 2017
January 17, 2017, 12:01 AM
Samsung 2017 Handset’s Updates
January 17, 2017, 12:01 AM
Teclast Tbook X5 Pro - Coming January 23
January 16, 2017, 9:21 AM
Gionee Marathon M5 Plus – China’s Flagship Smartphone
January 15, 2017, 2:02 AM

Latest Blog Posts
Some new News
Saimin Nidarson - Jan 23, 2017, 8:59 AM
What is new?
Saimin Nidarson - Jan 22, 2017, 7:00 AM
News
Saimin Nidarson - Jan 20, 2017, 7:00 AM
News of the World
Saimin Nidarson - Jan 19, 2017, 7:00 AM
Some tips
Saimin Nidarson - Jan 17, 2017, 12:16 AM
News of the Day
DailyTech Staff - Jan 16, 2017, 12:10 PM
Tech News
Saimin Nidarson - Jan 15, 2017, 12:32 AM
Here is Some News
Saimin Nidarson - Jan 14, 2017, 12:39 AM
News around the world
Saimin Nidarson - Jan 12, 2017, 12:01 AM
Rumors and Announcements
Saimin Nidarson - Jan 11, 2017, 12:01 AM
Some news of Day
Saimin Nidarson - Jan 7, 2017, 12:01 AM
News 2017 CES
Saimin Nidarson - Jan 6, 2017, 12:01 AM






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