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Website: http://www.goodreads.com/

Blog: http://www.goodreads.com/blog

GoodReads is the largest social network for book lovers. The site is intended to serve as an easy way to review books and get recommendations from friends, based on founder Otis Chandler's belief that recommendations from friends are more valuable than referrals from algorithms or bestseller lists.

Address: Santa Monica, CA

Founded: 12/2006

Industry: Consumer Internet

Sub-Industry: Search / Portal

Ownership: Private

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Management

Board of Directors

Date	Type	Capital Amount	Post-Money Valuation	Investors
11/2007	Seed	Unknown	Unknown	Stan Chudnovsky, Mike Jones, Chris Michel, Michael Birch, James Currier

Name:	GoodReads
Product URL:	http://www.goodreads.com/
Description:	The site has standard social networking features, with users having the ability to edit their publicly viewable profiles, add and meet friends, and interact with each other through messages and comments. The site differs in that it revolves around users' "Bookshelves", a list of books they have read or are reading currently. Users can browse others' bookshelves, and see their full reviews.
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Last Edit:

06/02/2009 04:17PM by ankush

History:

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User Opinions

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Bullish Opinions (6)	Author/Date
great quote sharing features Add Comment	robalexander 08/18/2008	100% 3 votes 3 0% 0
site also has some fun features like book quizzes Add Comment	irpip 08/10/2008	67% 3 votes 2 33% 1
Big possibilities for interaction in a lonely activity, can't wait for the Kindle version! Add Comment	evbart 08/05/2008	75% 4 votes 3 25% 1
Could be useful. I would trust my buddies first, amazon reviews second. Add Comment	benson11 07/31/2008	100% 4 votes 4 0% 0
They have gained more traction than competitors including Shelfari Add Comment	tara 06/07/2008	100% 7 votes 7 0% 0
They seem to be gaining lots of traction on the social networks Add Comment	chuck 02/16/2008	100% 8 votes 8 0% 0

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Bearish Opinions (5)	Author/Date	Do you agree?
Not always easy to get friends in there too if it isn't facebook/myspace Add Comment	looseygoosey 02/04/2009		100% 1 vote 1 0% 0
if you read alot - you may not spend a lot of time on the web 1 comment Add Comment	hsbequities 12/18/2008		100% 1 vote 1 0% 0
A lot of people read books online now. Sites like this are only a few clicks away.	looseygoosey	02/04/2009
not impressed with their facebook app- social network presence is huge for these programs Add Comment	khill155 08/26/2008		100% 2 votes 2 0% 0
traction will be hard to grow...quick flip situation, nothing special Add Comment	jpaine 08/05/2008		67% 3 votes 2 33% 1
Many potential users (older generation) would prefer to meet in person Add Comment	jenny 06/30/2008		67% 3 votes 2 33% 1