Bertelsmann Digital Media Investments and Bessemer Venture Partners Invest $15 Million in Flat World Knowledge
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Flat%20World%20Knowledge<%2Fa>,%20the%20largest%20publisher%20of%20free%20and%20open%20college%20textbooks%20for%20students%20worldwide,%20today%20announced%20it%20has%20secured%20$15%20million%20in%20Series%20B%20funding%20led%20by%20Bertelsmann%20Digital%20Media%20Investments<%2Fa>%20(BDMI),%20a%20wholly%20owned%20subsidiary%20of%20Bertelsmann%20AG<%2Fa>,%20a%20leading%20international%20media%20company,%20and%20Bessemer%20Venture%20Partners<%2Fa>,%20a%20top%20global%20investment%20firm.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Farticle%2Fbertelsmann-bessemer-invest-15-million-flat-world-knowledge%2F" target="_blank" class="email" data-post-id="5723" type="icon_link">
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For authors, the open publishing model represents greater income potential in the long-term, since new unit sales aren't cannibalized by used books, textbook rentals, gray market editions and online piracy sites. More than 100 top academic authors have signed with Flat World, such as Steve Barkan, professor and chair of the department of sociology at the University of Maine, and author of five market-leading textbooks.
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