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Ebook Community Wattpad Raises $17.3M, Claims Higher Engagement Than Pinterest
- pamodina 14y agoTime to celebrate!
- yumraj 14y agoThey do seem to have great traction and customer engagement, both from the number of customers and the time they spent. However, given its all free eBooks, seems more analogous to a blog community, so am curious what their revenue model could be in future? Perhaps selling eBooks and enabling independent publishers, subscription from readers? Is the market big enough. Don't think that ads is going to cut it.
- huda 14y agoThe market is several billion dollars and ripe for disruption. The revenue model, of course, is the billion dollar question. There are plans in the works, but nothing concrete and on the surface atm.
- patio11 14y agoSteve Jobs has decreed that if you own a channel for digital goods distribution you can lease it out for 30% of gross.
- jsatok 14y agoCongrats to Allen, Ivan and the team at Wattpad!
- verelo 14y agoCongrats to Jerry and the team!
- debacle 14y agoI posted in another thread, but this one seems to be getting more traction: What is the draw of the site for authors? I couldn't find anything about that - is it just the readership? Is there an ad platform with profit sharing?
- astrodust 14y agoWhy isn't the company name mentioned in the headline?
- loceng 14y agoCuriosity will have more people clicking
- loceng 14y agoGood job Wattpad! Congrats
- huda 14y agoThings have been pretty exciting at the HQ! Thanks for all the support :)
- karanwalia 14y agoCongratulations to Allen and the team! These guy's are doing an awesome job, and I must say are an inspiration to start-ups based out of Toronto.