Textbook

MIT Technology Review:

Ask Ariel Diaz why he’s taking on the college textbook industry and he’ll tell you, “Quaternions.”

Quaternions are a number system used for calculating three-dimensional motion, popular in computer graphics. And Diaz needed a crash course to help him with a consulting gig after his online video platform startup, Youcastr, had failed. He started with Wikipedia and found it was surprisingly good at explaining this complicated mathematics.

Diaz, who still resents how much he’d paid for textbooks in college and graduate school, realized he’d hit on his next business idea. In 2011, he started Boundless Learning, a Boston company that has begun giving away free electronic textbooks covering college subjects like American history, anatomy and physiology, economics, and psychology.

What’s controversial is how Boundless creates these texts. The company trawls for public material on sites like Wikipedia and then crafts it into online books whose chapters track closely to those of top-selling college titles. In April, Boundless was sued by several large publishers who accused the startup of engaging in “the business model of theft.”

Theft or not, the college textbook industry is ripe for a disruptive shock from the Internet.

Originally posted by Dane Carlson on September 3, 2014 in Ideas.

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