Analysis on why Chegg is the Netflix of textbooks and is positioned to dominate This analysis comes from Steve Carpenter, an Internet entrepreneur who spends his days analzying high-profile private companies to help provide transparency to this very opaque sector of the economy. From Steve’s analysis: Chegg, the “Netflix for textbooks” that lets students across 6,400 college campuses rent from a virtual bookstore containing 4.2MM books, may very well be the fastest-growing, most successful, second generation e-commerce startup that you never heard of.  Based on my analysis, the company, which has raised $140MM, is on track to generate $130MM in revenues in 2010, up from $25MM in 2009, and $10MM in 2008.  During the January, 2010 semester, I estimate the company made close to $1MM in revenue a day, up 5X from $200K/day the ...   [ Read more ]