Venture capitalists endorse ebooks

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By Paul Biba

This is not a good time to raise capital. That’s why that fact that LibreDigital was able to secure $15M in a second round financing is impressive. LibreDigital is an ebook distributor, and the venture sharks wouldn’t give them money if they didn’t smell more money in the water. And that money is coming from ebooks.

VentureBeat quotes on of the partners who financed LibreDigital as saying: “Demand for books & newspapers in digital formats is out-pacing supply.”

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