Digital Textbook Publisher Kno Knows Competing With IPad A No No

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Digital Textbook Publisher Kno Knows Competing With IPad A No No

April 8th, 2011 ipadoholic Leave a comment Go to comments

How ample is a hint value these days? How about $30 million. That’s how ample Intel and others invested in digital text startup Kno after it deserted skeleton to erect a inscription P.C. of its own, changeable its stress to software.

Kno lifted a complete of $20 million from Intel’s project arm, with the rest forthcoming from Andreessen Horowitz, Advance Publications, First Round Capital, Floodgate Fund, and SV Angels, Bloomberg reported Friday.

Not that office building a inscription P.C. to assault the college text business is a awful idea. Founded by Osman Rashid, who moreover proposed text let service Chegg, Kno had lifted a complete of $65 million for its outline to assault the marketplace for pricey textbooks with its inscription computers.

The problem: the inscription marketplace is jam-packed with competition, and dominated by Apple. The startup halted sales of its massive inscription computers – that proposed at $599 for a single-screen chronicle and $899 for a twin shade chronicle – in November, however, as Dell , Motorola , and Research In Motion were scheming to launch competitors to Apple ‘s iPad. So far, Apple’s new competitors have had small luck.

Maybe unresolved out around all the college students helped Kno pick up that a small faster.