Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=583c9b1f-c801-4170-a9f3-db6855db20fe&Preview=1
Date 12/17/2008
Company Name Chegg
Mailing Address 4655 Old Ironsides Road Santa Clara, CA 95054
Company Description Chegg, whose name is a combination of “chicken” and “egg,” was conceived out of the founders’ frustration with the used book-buying policies at their university bookstore – which would pay students a fraction of the cover price and then resell used text books at a large markup. After helping thousands of college students on campuses west of the Mississippi find cheap textbooks, tickets and tenants, Chegg.com is now available at a lot more campuses.
Proceeds Purposes The financing will be used to grow the site to provide superior service to students, increase the textbook rental catalog and expand leadership in the textbook rental market.