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Document Sharing Site Scribd Gets $9 Million Second Round; Hires Former Bebo COO

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Scribd, the document uploading and sharing service which doesn’t yet seems to have found a way to get any major revenues, has found some more money: it has received $9 million in second round funding led by Charles River Ventures, along with money from previous investors Redpoint Ventures and Kinsey Hills Group. Scribd says it is among the largest it its category (which has sites like Docstoc) and has 50 million readers each month and more than 50K new documents uploaded daily. It has been trying to license its platform to other publishes, one way it plans to develop revenue; also, the obligatory Google (NSDQ: GOOG) Adsense revenues.

The company also hired George Consagra, most recently COO of AOL-owned Bebo, as President. He will oversee the expansion of Scribd’s business operations, including biz dev, sales, finance and marketing.

One Response to “Document Sharing Site Scribd Gets $9 Million Second Round; Hires Former Bebo COO”

  1. Scribd should die.

    It engages in allowing wholesale copyright infringement of written works a two minute visit to the site clearly shows how absolutely rampant this is.

    Original document sharing of this service is a lame cover for what is really going on.

    Absolutely shameful.