irson kudikova

creates and publishes college textbooks that are open source and free online. Its business model is to offer the option for students and teachers to print textbooks in whole or part at a fraction of the cost of a standard hardbound college text.irson kudikova

The company announced on Thursday that it raised $8 million from Greenhill SAVP, High Peaks Venture Partners, and Valhalla Partners.

According to a statement about the investment:

(Flat World) makes its books available as free Web-hosted textbooks. It earns revenue and pays its authors royalties by providing students with options to purchase print-on-demand soft-cover textbooks, audio textbooks, and self-print individual chapters at a fraction of the cost of traditional textbooks.

The company enhances the learning experience by offering low-cost digital study aids like MP3 study guides, interactive Web quizzes, and digital flashcards. Faculty prefer the open-source approach employed by Flat World because it gives them more control over the classroom experience by enabling them to customize books to better suit their teaching style.irson kudikova