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General Information

Websitechegg.com
CategoryeCommerce
Employees
Founded2003
DescriptionOnline textbook rental

Offices

People

CEO, Cofounder
Vice President - Operations, Cofounder
Marketing Products Manager
Product Manager
Director of Business Development

Funding

Chegg

Chegg, the premier online textbook rental company, was inspired by Osman Rashid and Aayush Phumbrha’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 2003 as a “hyper-local” classifieds directory. In fall 2007, Chegg introduced their revolutionary textbook rental service. Chegg now offers its services to all 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 up to 80 percent on 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 those paying students’ bills—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 is proudly partnered with Eco-Libris, a group that works with people to mitigate the environmental impact of book production, for an initiative to plant one tree for every student’s textbook rental.

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.”

Screenshots

Chegg screenshot
Above: Chegg Screenshot -- #1
Uploaded: 11/10/08

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Chegg

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Comments

Brian - June 20, 2009 at 11:23am
Steve - you should also check out Chegg's buyback program. It offers VERY competitive buyback prices for new and used books.
Steve Summers - December 17, 2008 at 2:10pm
Comparing the Chegg's rental to buying a new book shows the greatest savings. Compare it to buying a used book and selling that book back to a site like BlueRectangle.com is in my experience a much better deal.

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Sources

  1. venturebeat.com [edit]
  2. Confirmed: Kleiner Perkins Gets Into Textbook Rentals As Chegg Raises $25 Million (techcrunch.com) [edit]
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Last Edited 7/2/09

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