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Corner Office from Marketplace

Chegg CEO on shifting the company from textbooks to digital

Corner Office from Marketplace

Marketplace

News, Business

4.8545 Ratings

🗓️ 5 September 2018

⏱️ 11 minutes

🧾️ Download transcript

Summary

When Dan Rosensweig took over as CEO of Chegg back in 2010, the company was mainly known for textbook rentals. The Chegg of today looks a little different. The company went public in 2013 and transitioned into subscription-based tools likes bibliography services, AI paper editors and tutors. We sat down with Rosensweig to talk about what it was like to lead the company through that transition and where a company like Chegg fits into the education landscape of today. 

Transcript

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0:00.0

Hey, everybody, it's Kyle Rosedahl.

0:06.4

Thanks for downloading this episode of the Corner Office podcast.

0:09.2

If there is somebody in your life who has been in college of late, there's a good chance that person has heard of Chegg.

0:15.4

They're a company known for college textbook rentals mostly, but also expanding into a whole lot more in the digital on-demand territory.

0:22.9

Dan Rosenzweig is the CEO, has been since 2010. He helped the company go public a couple of years back and has

0:28.7

ushered in a bit of a paradigm shift. We talked about a lot, Dan and I, including how he helped steer Cheg

0:34.1

away from the textbook rental business and about the state of education in this country.

0:39.8

We're expecting you.

0:41.2

Don't you have a seat?

0:42.3

Ready to go to work.

0:45.0

Dan Rosenzweig, thanks for coming in.

0:46.7

You're welcome.

0:47.2

Thanks for having me.

0:47.9

For the uninitiated, what do you guys do?

0:52.0

It's a great question.

0:53.2

What do we do?

0:54.2

So a lot of people say, I've never heard a cheque.

0:56.5

And the good news is if their kids are in high school or college, they've all heard a check since we have 84% name recognition on college campuses.

1:05.3

What do we do?

1:06.7

We look at the biggest problems that today's modern students are facing.

1:10.4

And we try to solve them for them using the Internet and technology.

1:13.3

So pick the right school, pick the right classes, get your learning material for less.

...

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