) is aWeb 2.0based document-sharing website which allows users to post documents of various formats, and embed them into a web page using its iPaper format. Scribdwas founded byTrip Adler in 2006.Scribd's major competitors areDocstoc,WePapers, andissuu.
,The Huffington Post,TechCrunchandMediaBistro.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 directionof the com pany.BusinessWeek named Adler one of the “Best Young Tech Entrepreneurs 2010”.
named Scribd one the “World’s Most Intriguing Startups”.InDecember 2009,Forbesnamed Scribd one of its “10 Hot Startups”.Fast Company NamedScribd “One of its Top 10 Most Innovative Media Companies” in February 2010.In May 2010, Scribd was recognized as one of the “2010 HottestSan FranciscoCompanies” byLead411.On September 1, 2010, theWorld Economic Forumannounced the company as aTechnologyPioneer for 2011.After the World Economic Forum Technology Pioneer Award,
In February 2010, Scribd unveiled its first mobile plans for e-readers andsmartphones.In April2010 Scribd launched a new feature called "Readcast"which allows automatic sharing of documents on Facebook and Twitter.Also in April 2010, Scribd announced its integration of Facebook social plug-ins at the f8 Developer Conference.Scribd rolled-out a re-design onSeptember 13, 2010 to become according toTechCrunch, “the social network for reading.”
The company was initially funded with US$12,000 fromY Combinator ,and received over US$3.7million in June 2007 fromRedpoint Venturesand The Kinsey Hills Group.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 BeboCOOand managing director of Organic Inc.Consagra leftScribd 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