by Brian Solis
Founder and CEO Jason Nazar gave me a heads up that Docstoc closed a fairly significant Series B of $3.25 Million led by Rustic Canyon Partners based in Santa Monica, California.
This round places the company in a formidable position to build the largest repository of publicly available documents, hopefully to become an indispensable resource for professionals across a variety of categories. Docstoc already provides a wealth of legal, business, financial, educational and technology documents, forms, templates, and whitepapers that can be previewed, embedded, and downloaded for free.
The company also introduced its Content Partnership Program (CPP), which enables organizations and professionals with either a vast quantity of content or a set of premium content, to share their documents on docstoc and include advertising and promotion built into each of the document pages free of charge.
Docstoc is currently adding to its full-time staff in Beverly Hills, and hiring .NET and Flex developers as well as looking for premier candidates with strong backgrounds in marketing and business development from consumer facing web 2.0 brands. For more information, please visit www.docstoc.com/jobs.
The company previously raised a Series A round from a group of angel investors including Scott Walchek (investor in Baidu), Matt Coffin (founder and CEO of lowermybills.com) Brett Brewer (co-founder of intermix/MySpace), Robin Richards (co-founding president of MP3.com), and Crosscut Ventures.
Docstoc Content Partnership Program (CPP) – Get more documents
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{ 3 comments }
Congratulations to DocStoc, but I don’t understand the revenue model… I consider XinXii’s “upload for free – download must be purchased” more meaningful. The german product gives an author plenty of rope to establish the price and to make money out of it (-> 70% author, 30% XinXii).
Interesting company but like the previous comment made by Kevin, I too am not sure what their revenue model is. Additionally, I do like reading Bub.blicio.us but this particular piece reads W-A-Y too much like a puffed up Press Release than a journalistic tech article. Did Docstoc write this or did you???
OK Jason, point taken!
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