Peter Kafka

Recent Posts by Peter Kafka

Textbook Renter Chegg Raises $25 Million

Chegg, the on- and off-line textbook rental service, has raised $25 million in an inside round. A PR rep for the company says the money will be used for the “growth of the business and is lead by existing investors.” Chegg says insiders aren’t selling shares in conjunction with the raise.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work