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Oyster, a Start-Up for E-Reading, Raises $14 Million

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Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#11

I guess a negative reaction on HN isn't always necessarily an indicator of potential failure: https://news.ycombinator.com/item?id=6335153 Don't take a negative reaction as the be all and end all when you present something to people.

Two takeaways:

1) If anyone considers feedback on Hacker News to be an overall indicator of future success then I worry for them deeply

2) Getting funded is not 'success'. It is a step on the way to success.

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#12
I am concerned about a Spotify-style situation arising with these subscription reading services, in which platform operators and powerful middlemen reap the profits while content creators get the scraps (1). GigaOm found that both Scribd and Oyster have been vague about the payouts for authors (2), and this new article by the NY Times doesn't clear up the uncertainty.

1. http://www.npr.org/blogs/therecord/2012/09/26/161758720/how-...

2. http://gigaom.com/2013/10/01/scribd-moves-beyond-document-sh...

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#13
post #12

I am concerned about a Spotify-style situation arising with these subscription reading services, in which platform operators and powerful middlemen reap the profits while content creators get the scraps (1). GigaOm found that both Scribd and Oyster have been vague about the payouts for authors (2), and this new article by the NY Times doesn't clear up the uncertainty. 1. http://www.npr.org/blogs/therecord/2012/09/26/…

This source is a year old, but it doesn't seem like Spotify is really raking in the profits either:

http://www.theverge.com/2013/7/31/4575506/spotify-doubled-re...

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#14
post #5

If only there were public institutions where you could get books (and eBooks!) for free...

I can't agree with this more, especially when it comes to ebooks. I've been mightily disappointed in the way public libraries have adopted Overdrive, which is - and this burns me - technology put in place to make consuming ebooks more difficult, and to charge libraries exorbitant fees at the same time.

I'd love to see homebrew projects like this one be successful: http://www.denverpost.com/news/ci_24567880/douglas-county-mo...

http://www.infotoday.com/cilmag/sep13/Sendze_Van-Court--Own-...

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#15

I guess a negative reaction on HN isn't always necessarily an indicator of potential failure: https://news.ycombinator.com/item?id=6335153 Don't take a negative reaction as the be all and end all when you present something to people.

Heh, here's the one for Everpix: https://news.ycombinator.com/item?id=5505956

Top comment: "Clearly you guys have a business model and a product you're selling. If I can't even rely on you guys being in business long-term, what can I do? But you guys have built an amazing product! Keep up the good work!"

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#16
post #5

If only there were public institutions where you could get books (and eBooks!) for free...

I can't agree with this more, especially when it comes to ebooks. I've been mightily disappointed in the way public libraries have adopted Overdrive, which is - and this burns me - technology put in place to make consuming ebooks more difficult, and to charge libraries exorbitant fees at the same time. I'd love to see homebrew projects like this one be successful: http://www.denverpost.com/news/ci_24567880/douglas-co…

I'll second this.

I used to live in Arlington, Virginia, and while getting overdrive set up was a nightmare, actually checking books out was really easy.

I now live in New York, and frankly the New York Public Library's process for checking out e-books is so confusing that I can't figure out how to use it most of the time. It's just a better use of my time to just go ahead and buy the damn thing.

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#17

I am Oyster subscriber. Their app is pleasant to use. I do miss a little more organization, but I am fine with it overall. It is heavily curated ie. you get a lot of suggestions. And since they have rather limited selection, this is great. I managed to read through 3 books already and have a queue of several. I noticed that some were from Gutenberg project, so I guess they will not have to pay for those. Overall I li…

Do you find an incentive to read more as to ensure that you are getting your monthly money's worth?

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#19

I guess a negative reaction on HN isn't always necessarily an indicator of potential failure: https://news.ycombinator.com/item?id=6335153 Don't take a negative reaction as the be all and end all when you present something to people.

I actually treat most of the negative reactions on HN as an indicator that the product or company in question has a good shot at being successful.

Re: Oyster, a Start-Up for E-Reading, Raises $14 Million

#20
Subscriber here. I think paying the $10 a month provides another incentive for me to read. I don't know if I am getting $10 worth of material to read each month, i.e. finishing about half a book every month, but it sure has increased the amount of reading I do since I started using the service.
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