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July 31st, 2009

Venture capitalists endorse ebooks

This is not a good time to raise capital. That’s why that fact that LibreDigital was able to secure $15M in a second round financing is impressive. LibreDigital is an ebook distributor, and the venture sharks wouldn’t give them money if they didn’t smell more money in the water. And that money is coming from ebooks.

VentureBeat quotes on of the partners who financed LibreDigital as saying: “Demand for books & newspapers in digital formats is out-pacing supply.”

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One Response to “Venture capitalists endorse ebooks”

Steve Jordan Says:
July 31st, 2009 at 3:40 pm

“Demand for books & newspapers in digital formats is out-pacing supply.”

I may gag. A statement like that illustrates exactly how little the market is understood by the supposedly-smart people investing in it…

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TeleRead: Bring the E-Books Home

Venture capitalists endorse ebooks

One Response to “Venture capitalists endorse ebooks”

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Shopping at Amazon? Use this box and help TeleRead

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