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Users browse books online and have their choices home-delivered, rather than physically visiting a library to borrow a book. This e-commerce model is comparable to the video rental service provided Netflix. In 2009, online book rental was gaining popularity in India, with a number of websites offering free doorstep delivery for a small monthly fee.
BookLender is an online book rental company, the first to offer flat rate rental-by-mail to customers in the United States. [1] [2] Established in 2000 and headquartered in Vienna, Virginia, it boasts an inventory of over 100,000 titles and more than 13,000 subscribers. [3] On June 8, 2007, the company announced that it had delivered its ...
In developing and developed nations, for-profit book rental services have started to lend physical books, audiobook CDs, e-books, and audiobook MP3s through stores and online after the popularization of the World Wide Web. [6] Most book rental companies provide books with doorstep delivery using logistic services.
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BookRenter initially received financing from several venture capital firms in Silicon Valley. In 2009, it announced a Series A round of $6 million, [12] raised from Storm Ventures and Adams Capital Management, then Norwest Venture Partners led the Series B round of $10 million, which included participation from prior investors Storm Ventures and Adams Capital Management.
Subscribers add books to their online reading list, called a Rental Pool. When the subscriber returned finished books, the next books in the Rental Pool would ship out. The similarity to Netflix 's business model led to the website informally being called the 'Netflix for books.' [ 3 ] BookSwim's plans began at $9.99 per month and included only ...
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