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Old 01-11-2010, 03:31 PM   #1
Nate the great
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Wattpad closes first round of funding

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Toronto, Canada, January 11, 2010 --(PR.com)-- Riding on the success of 1,216% year-over-year growth in 2009, Wattpad today announced that the company has completed its first round of funding. A consortium of private investors including Harvey Beck and Alan Levine, former co-CEOs of ICOM and Bert Amato, co-founder of Delrina participated in this round.

Wattpad, also known as "YouTube for ebooks + MySpace for writers", is the world's most popular ebook community where readers and writers discover, share and connect. The investment will allow Wattpad to capitalize on its leading position in the red hot mobile, social media and ebook sectors.
from:
http://www.pr.com/press-release/203504
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Old 01-11-2010, 04:20 PM   #2
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Each page of it takes over a minute to load.

It showed me, correctly, ebooks in Polish on first page. All of them well known and published, all of them look illegal, ie. one "publisher" usually has books by many top-selling authors. I think it highly improbable that they're there legally.
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Old 01-11-2010, 04:32 PM   #3
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Each page of it takes over a minute to load.

It showed me, correctly, ebooks in Polish on first page. All of them well known and published, all of them look illegal, ie. one "publisher" usually has books by many top-selling authors. I think it highly improbable that they're there legally.
A well-known travesty that will surely do the Polish publishing industry under. Perhaps some unconditional government subsidies are in order?

- Ahi
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Old 01-11-2010, 05:09 PM   #4
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After browsing the site for a bit, I think they really only need two categories:

"Teen Fantasy Romance" and "Everything Else".
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Old 01-11-2010, 05:33 PM   #5
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the world's most popular ebook community
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Old 01-11-2010, 06:11 PM   #6
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Edit.

Last edited by dadioflex; 12-15-2010 at 07:43 PM.
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Old 01-11-2010, 06:34 PM   #7
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Not enough piracy on this site to make it more popular. No worries though, we'll catch up someday.
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Old 01-11-2010, 06:44 PM   #8
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Quote:
Originally Posted by CleverClothe View Post
After browsing the site for a bit, I think they really only need two categories:

"Teen Fantasy Romance" and "Everything Else".
No, no just Fantasy Romance and Vampire Romance.
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Old 01-11-2010, 07:04 PM   #9
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I had no idea this was a Toronto company. There's actually some pretty interesting material here. There's some cool material being published there and it's an inexpensive venture to fund. Plus there is great potential being on the ground floor. These are folks to watch.
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Old 01-11-2010, 07:19 PM   #10
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Old 01-11-2010, 07:51 PM   #11
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Can you elaborate on that?
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Old 01-11-2010, 08:40 PM   #12
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Wattpad is awful. Long live MobileRead!

Nate, Wattpad is not worth reporting on. And it certainly doesn't deserve to be on the fontpage.
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Old 01-11-2010, 09:50 PM   #13
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I'm not sure I understand the hostility. Mobileread is a great distribution vehicle for PD e-books and an awesome resource for e-book everything information sharing.

Wattpad is simply another variation in an evolving mileu which is creating a paradigm in real-time. If it can attract funding, and provides a creative outlet for budding writers to share amongst themselves, how is this a bad or an awful thing?
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Old 01-11-2010, 10:02 PM   #14
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Originally Posted by SensualPoet View Post
I'm not sure I understand the hostility. Mobileread is a great distribution vehicle for PD e-books and an awesome resource for e-book everything information sharing.

Wattpad is simply another variation in an evolving mileu which is creating a paradigm in real-time. If it can attract funding, and provides a creative outlet for budding writers to share amongst themselves, how is this a bad or an awful thing?
It's not, but I didn't see anything there even vaguely appealing to me.
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Old 01-11-2010, 10:24 PM   #15
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Can you elaborate on that?
Just the grandiosity of the language in the press release tickled my funny bone.
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