Madison, Wis. - Three years ago, entrepreneurs Nathan Lustig and John Tucker were still in high school, blissfully unconcerned with the oft-criticized textbook exchange at the
University of Wisconsin-Madison.
But graduate student Matt Stamerjohn thought that students were being ripped off. He saw students regularly selling used books back to the b......
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ize at the 2006 G. Steven Burrill Technology Business Plan Competition. After six months of preparation and a 20-minute presentation delivered to four local judges, Lustig and Tucker received plenty of encouraging feedback.
One of those judges was Pehr Anderson, former managing director of
Silicon Pastures.
"I was impressed by how eas......
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ustig believes the site will offer sustainability on advertising alone.
The new site does not yet have data for the current year, but during last year's football season it was averaging 120,000 hits per day, 4,000 of which were unique views. The
alexa.com traffic-ranking page illustrates the cyclical nature of page views on the site with 90,000 to 400,0......
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ts, so there would be less money coming in.
"We need schools that are going to pay off right away," Lustig said.
......
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