The idea for Scribd was originally inspired whenTrip Adler was atHarvard and had a conversation
with his father, John R. Adler about the difficulties of publishing academic papers.He teamed up
with cofounder s Jared Friedman and Tikhon Bernstam and they attended Y Combinator in
Cambridgein the summer of 2006. Scribd was launched from a San Francisco apartment in March2007 and quick ly grew in traffic. In 2008, it ranked as one of the top 20social mediasites according
to Comscor e.[4]In June 2009, Scribd launched Scribd Store,[5]and shortly thereafter closed a deal
withSimon&Schuster to sell ebooks on Scribd.[6]Over 150 professional publishers including
Random House,Wiley,Workman,Houghton Mifflin Harcourt,Pearson,Harvard University Press
andStanfor d University Pressare now associated with Scribd.ProQuestbegan publishing
dissertations and theses on Scribd in December 2009.
In Octo ber 2009, Scribd launched its branded reader for media companies with
,
,
,The Huffington Post, TechCrunchandMediaBistro.
[7]Over 100 media companies now use Scribd’s branded reader to embed source material into their
stories.In August 2010, news stories began to break and documents and books began to go viral onScribdincluding the overturnedProp 8and HP’s lawsuit against Mark Hurd’s move toOracle.
Adler is currently theCEOof Scribd, where he is responsible for the product and strategic direction
of the com pany. BusinessWeek named Adler one of the “Best Young Tech Entrepreneurs 2010”.[8]
named Scribd one the “World’s Most Intriguing Startups”.[9]In
December 2009,Forbesnamed Scribd one of its “10 Hot Startups”. [10] Fast Company Named
Scribd “One of its Top 10 Most Innovative Media Companies” in February 2010.[11]In May 2010, Scribd was recognized as one of the “2010 HottestSan FranciscoCompanies” byLead411.[12]On September 1, 2010, the World Economic Forumannounced the company as aTechnology
Pioneer for 2011.[13][14]After the World Economic Forum Technology Pioneer Award,
named Scribd one of the “10 Start-Ups that Will Change Your Life”.[15]
In February 2010, Scribd unveiled its first mobile plans for e-readers andsmartphones.[16]In April
2010 Scribd launched a new feature called "Readcast"[17]which allows automatic sharing of documents on Facebook and Twitter.[18] Also in April 2010, Scribd announced its integration of
Facebook social plug-ins at the f8 Developer Conference.[19] Scribd rolled-out a re-design on
September 13, 2010 to become according toTechCrunch, “the social network for reading.”[20]
The company was initially funded with US$12,000 fromY Combinator ,and received over US$3.7
million in June 2007 fromRedpoint Venturesand The Kinsey Hills Group.[21][22]In December
2008, the company raised US$9 million in a second round of funding, led byCharles River Ventureswith re-investment from Redpoint Ventures and Kinsey Hills Group, and hired as presidentGeorge Consagra, former Bebo COOand managing director of Organic Inc.[23] Consagra left
Scribd and becameCEOof Good Guide in August 2010.David O. Sacks, former PayPalCOO and founder of Yammer andGeni,joined Scribd’s board of
directors in January 2010. Scribd hired Robert Macdonald, former head of media and publisher
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