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Chegg

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Chegg, an online textbook rental company, was inspired by Osman Rashid and Aayush Phumbhra’s frustration with the policies and procedures of their own university’s bookstore. Osman and Aayush knew there had to be a better solution, one that worked for students, professors and publishers alike.

Chegg was launched at Iowa State University in 2005 as a hyper-local classifieds directory. In fall 2007, Chegg introduced their revolutionary textbook rental service. Chegg now offers its services to more than 6,400 universities and community colleges across the country.

RENTING TEXTBOOKS WITH CHEGG

Chegg lets students rent as many textbooks as they like with just a few clicks. Books are delivered in less than a week. Renting textbooks through Chegg not only saves students a significant amount off their textbook bills, but it also eliminates the hassle of waiting in long lines at the bookstore. Best off all, with Chegg there are no monthly subscription fees or hidden charges.

Not only do students and their parents save money and time with Chegg, but they also help the environment. Over the past three years the U.S. book publishing industry has consumed an average of four million trees per year to print textbooks sold in America. Each student purchases an average of one tree per year in textbooks.

PARTNERSHIPS

Chegg has partnered with American Forests to plant a tree for every textbook that is rented bought or sold. To date, Chegg has planted more than 1.5 million trees.

WHAT’S IN THE NAME?

Chegg was launched as Textbookflix.com and in 2007 officially changed its name to Chegg, a well-thought-out combination of chicken and egg.

Recent Milestones

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• 
  Chegg added Anne Dwane as Chief Business Officer. (6/30/12)
  Posted 3/24/13 at 7:43pm
• 
  Chegg — Chegg added Kumar Kandaswamy as Product Leader for Open Platform and APIs (6/1/12)
  Posted 9/20/12 at 9:19pm
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  Chegg received $25M in Series F funding. (3/9/12)
  Posted 3/12/12 at 8:38pm via venturebeat.com
• 
  Chegg acquired 3D3R Software Studio. (11/14/11)
  Posted 11/14/11 at 12:06pm via techcrunch.com
• 
  Chegg added Ohad Eder-Pressman as Dir Eng.. (11/1/11)
  Posted 11/20/11 at 2:33am
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  Chegg acquired Zinch. (9/15/11)
  Posted 9/15/11 at 6:38pm via finsmes.com
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  Chegg acquired Student of Fortune. (8/18/11)
  Posted 8/18/11 at 9:59pm via wsj.com
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  Chegg received $6M in Venture Round funding. (7/17/11)
  Posted 7/17/11 at 6:14pm via finsmes.com
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  Chegg added David Bernhardt as Vice President, Corporate Controller. (7/11/11)
  Posted 2/6/12 at 10:34pm
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  Chegg — Chegg added David Bernhardt as Vice President, Corporate Controller. (7/11/11)
  Posted 2/6/12 at 10:32pm
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  Chegg acquired Notehall. (6/23/11)
  Posted 6/23/11 at 9:08pm via techcrunch.com
• 
  Chegg added Sean Conway as Product Leader of Notes. (6/1/11)
  Posted 11/16/11 at 9:01pm
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  Chegg acquired Cramster. (12/8/10)
  Posted 12/8/10 at 7:34pm via dmwmedia.com
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  Chegg added Tony Bako as VP of Engineering. (12/1/10)
  Posted 11/22/11 at 4:11pm
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  Chegg added John Houston as Finance Consultant. (11/1/10)
  Posted 1/30/12 at 10:36am
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  Chegg received $75M in Series E funding. (9/27/10)
  Posted 9/26/10 at 10:29pm via techcrunch.com

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Uploaded: 11/20/09

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Sources

1. Chegg Acquires Software Company Flux / 3D3R, SEC Filing Reveals (techcrunch.com) [edit]
2. Chegg to Acquire Zinch (finsmes.com) [edit]
3. College One-Stop Shop: Chegg Buys Web Tutoring Service (blogs.wsj.com) [edit]
4. Amid Reports Of IPO Plans, Chegg Acquires Lecture Note Marketplace Notehall (techcrunch.com) [edit]
5. Chegg Acquires Social Homework Platform Cramster (dmwmedia.com) [edit]
6. TechCrunch (techcrunch.com) [edit]
7. venturebeat.com [edit]
8. Oren Zeev, Primera Capital (primeracapital.com) [edit]
9. Confirmed: Kleiner Perkins Gets Into Textbook Rentals As Chegg Raises $25 Million (techcrunch.com) [edit]
10. Textbook-Rental Service Chegg Raises $57 Million, SEC (blogs.wsj.com) [edit]
11. Chegg.com Secures $112 Million to Fund Explosive Growth in Online Textbook Rentals (sanfrancisco.bizjournals.com) [edit]
12. Chegg.com Secures $112 Million to Fund Explosive Growth in Online Textbook Rentals (sanfrancisco.bizjournals.com) [edit]
13. Textbook Rental Juggernaut Chegg Adds Another $75 Million To Its Coffers (techcrunch.com) [edit]
14. Chegg Receives Investment from GSV Capital (finsmes.com) [edit]
15. Cha-ching! Chegg raises $25M more for textbook and education platform (venturebeat.com) [edit]
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