Packback, Inc.
Pay per view digital textbooks for $5 or less. Students pay per use and save hundreds while publishers reclaim millions in lost revenue.
- Stage Full Product Ready
- Industry Internet / Web Services
- Location Chicago, IL, USA
- Currency USD
- Founded November 2011
- Employees 9
- Website http://Packbackbooks.com
Company Summary
Platform for college students to rent ebooks in 24-hour increments per realized demand. If a course requires regular textbook usage, money spent on rental is discounted from a conversion to full purchase. Problem: college students are collectively swamped in $1trillion debt. Textbook prices have risen at 4X inflation while its roll is minimized in the classroom. Over 50% of publishers' market is lost to the "secondary book market".
Team
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Kasey GandhamCo-founder
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Co-founder
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Co-founder
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Head of Engineering
Advisors
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Sam Guren -former Hyde Park Angels managing directorAccountantUnconfirmed
Previous Investors
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Alan MatthewUnconfirmed
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