otis chandler goodreads net worthotis chandler goodreads net worth

So weve got that for authors. And I had moved to LAI had followed a girl to LA and so I didnt know a lot of people down there even though I grew up down there and I didnt want to get a job, like I said. As a young programmer in the mid-2000s, Otis Chandler watched as dozens of niche web sites began to take off. Then I read your review of it and you said, This guy can write. Youre a great reviewer by the way. Interviewee: Oh, its, its, its amazing so far. The site provides default bookshelvesread, currently-reading, to-readand the opportunity to create customized shelves to categorize a user's books. Goodreads. Interviewee: I cant answer that as well because I cant take credit for doing that part. Andrew: Did he use it? So for some perspective, it used to be, say maybe 20 years ago, all you had to do as an author was write a book, hand it to your publisher, they would take it do their thing, youd get a check, youd go back to writing the next one. Otis Chandler (November 23, 1927 - February 27, 2006) was the publisher of the Los Angeles Times between 1960 and 1980, leading a large expansion of the newspaper and its ambitions. Its cataloguing your books. Better even than many of the business classes that I took at NYU. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! His net worth has been growing significantly in 2021-2022. We allow you to actually create custom shelves. But, after you go through this process of adding all the books you want to add at that time theres not much left for you to do. But yes, I have seen the bloggers, I have seen the podcasters built up a big enough audience to then parley that into book sales. I know the first time that we tried this interview it didnt work out so well. Amazon & Goodreads; Education. 68 SS427 Chevelle 5.3 LS 84mm Billet Turbo A person whos an engineer who wants to develop, who wants to think about engineering problems, and not financial problems. which is go out and get the book and try to learn it on your own. [71] Having false or invalid quotes removed can be a difficult process; problematically the quotes can be picked up by third-party websites like Pinterest and Instagram in the meantime, spreading invalid quotes attributed to the author even further, as Goodreads quotes bring a high amount of web traffic. Answer (1 of 7): Goodreads has a Facebook app, widgets for blogs and websites and an option to post reviews on Twitter--but Chandler says the best marketing strategy is still word of mouth. So remember I was a software engineer even though I didnt code as much in the last year and a half at Tickle. Before we continue with the story, Otis can you tell the people what Goodreads is, if theyve never been on it, if theyre not one of the, one of the millions of people on the site? The other person who gets me a lot of books, I guess over time, Kareem Mayan, a friend of mine has recommended a bunch of interesting books. Alright, lets go back to when you were at Stanford. In this inte. Not Mixergy. Goodreads is the largest website on earth for all things books. And thats when we went from five users a day to 100 users a day and then kept going up from there. And thats okay. Andrew: Can I find people locally to swap books with? So then, they finally said Okay lets try something different, and the put up a what kind of dog are you test. Interviewee: Heh, right. Or if its you but youre not good at thinking about the business side I think engineers like myself, who can think about the business side and the engineering side, are kind of rare, and I dont know why that is. Go buy a yacht? Well, Ive got a guy whos done it. Do you have a group on Goodreads thats like that? [14], Goodreads was founded in 2006. But Ive always been an engineering minded kid. [23] In October 2012, Goodreads announced it had grown to 11 million members with 395 million books cataloged and over 20,000 book clubs created by its users. [37] Once users have added friends to their profile, they will see their friends' shelves and reviews and can comment on friends' pages. And two, I think Ive always kinda had the idea that I would start a company some day. Andrew you might be a golden retriever because youre kind of outgoing. Save Share. I mean it was all about creating content so I mean to make something viral you have to create something that is able to go viral right? So thats important to understand, but its easier said then done. And what I noticed about dating was that you had big generic social networks. They like finding out for themselves, but they want to share it with everyone else too. Interviewee: Yeah, I had basic stock options. Number two, well give you a way to connect with him on Twitter. It was all about learning how you build the product. So Goodreads was built to do this, our position is not catalog your books, our position is see what your friends are reading, or get excited about reading through your friends. [1] Andrew: You know where they grow those kinds of engineers/entrepreneurs is Hacker News. Members can receive the regular newsletter featuring new books, suggestions, author interviews, and poetry. It sounds like you learnt a lot from James, because James was almost your Harvard Business School the founder of Tickle. You can follow us on Twitter @HowIBuiltThis, on Instagram @HowIBuiltThisNPR and email us at hibt@npr.org. Interviewee: Thank you Andrew. Otis Chandler estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Otis Chandler in 2019-2020? And you just track as much as you can and then better it. Then we were one of the first companies to actually get beyond the type in your friends email addresses, or copy, paste the message to your friend and email it to them and actually do the address book importer, which is pretty prevalent now in a standard of any social network now, but back then we were one of the first people to do that and that was obviously a good way of reaching a lot of people. Donta lot of authors I think get depressed because their publisher tells them to go do signings around the nation and so they go to some Barnes & Noble store in Ohio somewhere and ten people show up to sign a book and they just get, Oh man, what am I doing in Ohio with ten people? Thats not going to move the needle anymore. And not work. And I think a lot of companies dont realize that when you look at all the dumb domains out there. So he came up with the current look and feel of most of it. And its become more on the author to market themselves. [75] As a result, Goodreads, an Amazon company, stripped the metadata from its record for the offending title, segregating The Turner Diaries to its "NOT A BOOK" author moniker (a category typically used to weed non-book items and plagiarized titles from the platform).[76]. You dont have to be a published author to do this. Work. Luckily the guy who had Goodreads.com with an s sold it to me otherwise Im not sure if it would have taken off like it did. Like about 10% of our users went kind of nuts and would add everything theyve ever read. Ive done several interviews here with entrepreneurs whose companies have failed and what they say often is I just gave everybody what they wanted, I was told I was supposed to go into the community, listen to the feature request, the product request that they had, and give them what they want, but then I ended up doing everything and my business lost its focus and I was too distracted. Andrew: I remember one of the things we talked about, you spoke at a live Mixergy event about how to build virility into your product and you said that when a user registers youd ask them for their friends immediately, right? We can click over here and we can say three to ten thousand dollars is our budget and find it, companies that can do the work at that price. Thankfully the Kindle is allowing me to buy books remotely though. So, everywhere on the site you go we dont show you like book reviews about Harry Potter, we show you heres what your friends thought of Harry Potter, and we show you heres what everybody else thought of Harry Potter. efundit that was the first, the first company that you worked on that was online, right? His books ten years ago they would just become best sellers by getting in the New York Times. Additional support from Jeff Rogers, J.C. Howard, Julia Carney, Elaine Coates, Farrah Safari, Liz Metzger, Harrison Vijay Tsui and Katherine Sypher, and Margaret Cirino. If were interested in them, in them even more we can click over and see their page. Otis Chandler built Goodreads in 2006 because he believed in social networking and wanted to see what his friends were reading. [52] Goodreads librarians coordinate on the Goodreads Librarian Group. [67] Goodreads has also fallen under criticism from users who feel that the site is outdated and prone to frequent crashes and bugs, and that the recommendations are poor, frequently suggesting popular books at random rather than anything more personalized. Interviewee: Groups work really well. Andrew: Alright, but, so you were taking things apart even as a kid. Whatd you want to do when you graduated? Thank you for that recommendation. Interviewee: Now, were at about 2.7 million registered users. You had match.com, you had americansingles.com, and eHarmony, and those are great. And Good Reads it was obvious. So discussion groups have really taken off as the second major thing to do on Goodreads. If they were Christian, theyd go to ChristianSingles. Can you talk about some of the things that you did over at, and for the transcribers its tickle.com T-I-C-K-L-E.com, can you talk about some of the viral techniques that you used there? Net income in mil. Komunitas Goodreads sebenarnya adalah komunitas baca internasional yang digagas Otis Chandler pada tahun 2006. You can spend hours on there. You know I was talking to one of my favorite authors, Steven [Pressfield] who told me that exact thing. Because one thing we noticed early on was that wed be browsing around and some guys profile would say Hey, Im so-and-so the author of this and wed be like Whoa, theres really cool authors hanging on our site. And this is the way you build any product, right? Youll notice that if you create a group on Goodreads the next page is invite your friends to your group on Goodreads and I wouldnt say those are insanely viral like that because youre not going to invite everybody, but it definitely helps. Otis figured he might prove him wrong, and in 2007, launched Goodreads, a book catalog and review site that he coded from his LA apartment. Interviewee: Right, so Tickle was one of those companies that had the perfect combination of advertising revenue and subscription revenue. Blogger or WordPress, whatever. What about groups? Otis and Elizabeth Chandler are founders of Goodreads. And one of the requests that I keep getting from people who watch interviews with me talking to venture backed entrepreneurs or to venture capitalists, is, they want to hear from people who built a business from nothing. [74], In early 2021, Amazon removed all new and used copies of William Luther Pierce's white supremacist novel The Turner Diaries from sales on its platform and subsidiary platforms, citing concerns with the QAnon movement as the cause. [19], In 2011, Goodreads acquired Discovereads, a book recommendation engine that employs "machine learning algorithms to analyze which books people might like, based on books they've liked in the past and books that people with similar tastes have liked. Now he gets the same write-up and nothing happens. I mean I was totally the kid that disassembled every mechanical piece in our house when I was young. Yea, that was what got me into the web. Thanks. It just seemed like there was a lot more innovation going on. "Reading may be a solitary activity, but what you're reading and what you think of what you're reading are . Mark (unclear) was here, and I asked him if hed recommend business school to other people and he said No, theres so many better ways to waste your money than that. But actively working at it, getting into doing speaking events around the book, doing readings and absolutely social media, I think, is big. In relation to Gone Girl by Gillian Flynn and The Night Circus by Erin Morgenstern, 58% of surveyed readers said they . Thank you Otis. And then we kind of got into this blog phenomenon. So, from that perspective, absolutely, it was life-changing. Interviewee: I think he hired smart people, and like you said, smart people want to work with smart people, and that just kind of grows. The design. "[4][20] After a user has rated 20 books on its five-star scale, the site will begin making recommendations. But its not social and so coming from this [inaudible] testing we also built a social network right on the heels of Friendster. So it just always seemed like something I wanted to do. Linked in, I think. He is a software engineer at heart and loves tinkering on the site to make it the best product possible. So now you have the opportunity to become a better writer by putting yourself out there more and more often and seeing what people like and dont like. They just want to move on with their lives. I got that book for my Kindle, I love it. I dont know. Now its really easy to put down a hundred bucks and see, hey do I get any traction, and Go ahead. For a lot of people, this is when things started to go downhill, and it's hard to argue against that. Otis Chandler believed this rating system would be superior to Amazon's, as Amazon's includes books a user has browsed or purchased as gifts when determining its recommendations. I cant remember who I was thinking of but guys with serious cred. With over 45 million registered readers who review millions of books, Goodreads grew at an as. Hundreds of dollars? I was talking to Lea, why cant I think of her last name, the founder of Pounce, who told me it that it just feels like a superpower, you dont rely on anyone else you can just build it yourself, from start to finish. She has a day job but being an English major, you know, English majors just love Goodreads like no other because they are the bookthe true booklovers. I had a drawer, not a drawer, several cabinets full of disassembled stuff. But most of them are guys who published a book or self-published a book and theyre trying to figure out How am I going to market my book to people? And this is the biggest problem that authors are facing right now. Were you also building or creating little businesses as a kid? I had never read Sherlock Holmes. So we allowed the authors to kind of take over their author profile. You have no friends who are discussing this right now, add some friends. I guess, is it enough to go on Goodreads and create a community and create a community on Facebook? Thank you everyone. The website's offices are located in San Francisco. So one other thing weve done is weve figured out, Hey, lets not just give these authors a platform to connect to their fans but lets actually let them get in front of the entire Goodreads audience. So we built a self-serve advertising product where you can sign up right now with a credit card and buy advertising for your book on Goodreads. What was it like at first? I cant believe I struggled over it because now its a no-brainer. Many of his most prized pieces had already been sold, including his 1894 Baldwin steam locomotive and his beloved Porsche 917 racecars. What can they do as authors? That gave his business enough traction to raise money from investors and grow it to over 2.6 million members. Some authors dont get into it but go look at Paul Coelho whos a bestselling, international bestselling author and that guy in on Goodreads every day. They can see the books that youve read and can read these great reviews. Cause I was you know, Mechanical Engineer major, and these were two mechanical engineers that wanted to build a website for mechanical engineers, and it was basically gonna be an online resource for engineers to look up metallic chart properties or various formulas that you would normally find in your textbooks, but this was just gonna be easier. We built a dating site right on the heels of match.com. [70] You know, a kind of a virtual shelf to show off and that ends up being very good for book discovery, you know, book communication with your friends. Andrew: Its working now. I cant imagine what the next thing is going to be. Some authors have criticized Goodreads's stance on functioning like a public library rather than giving authors any control over how their information is displayed, noting that for most authors, Goodreads is the first page people see when they search on a web browser. I had never read all these classics that I knew were really good. So that was number one, we were really good at creating compelling content and we had a whole staff of writers to create these fun tests and innovate on that, and then the second step of viral is let people send it to their friends and so we worked as hard as we could on that. Andrew: Is that really him whos going out on all those networks? Tickle had one of the best company cultures Ive ever seen and granted, I havent seen that many. So what we had is we animated on this fun, plus serious model and I think at the end we had maybe 600 fun tests and maybe 150 serious tests, and the serious tests we eventually figured out we could sell a result to these. So I realized that a niche social network around reading, much like a social network around photos, would probably work. Chandler continued running Goodreads until 2019. Social book cataloging website owned by Amazon, Learn how and when to remove this template message, published under a different name before coming out, "Amazon to Buy Social Site Dedicated to Sharing Books", "Book lovers seething over Amazon acquisition of Goodreads", "Elizabeth Khuri Chandler Tells the Origin Story of Goodreads", "Need Advice on What to Read? I actually found a dating site once for people who golf. Thats huge. LinkedIn is the world's largest business network, helping professionals like Otis Chandler discover inside connections to recommended job . 478 comments. If they were Jewish, they would go to JDate. They can go to Goodreads.com, they can add you over there right? You can get real time feedback about something you write. If they were Christian, theyd go to ChristianSingles. Maybe we can afford a down payment on a house, in East Bay. You know personally, I cant think of junior high without thinking of Danwich [sp] is when I first read that, or Lord of the Rings, which is when I first read that. That was huge did you guys do anything like that? And we can even narrow it by budget. You know, maybe in their job theyre a professor of something or a TV personality so that they know theyll be able to market it on their own. Andrew: What else worked well? If the product is going to be viral it has to be more useful if there are friends then if there are not. Interviewee: Did he use Goodreads books blog? [21] The New Yorker's Macy Halford noted that the algorithm was not perfect, as the number of books needed to create a perfect recommendation system is so large that "by the time I'd got halfway there, my reading preferences would have changed and I'd have to start over again. Are you a designer? Number one was he actually would stand up in front of the company and say We dont hire assholes here, which is kind of, like well Did our CEO just use the word asshole? But it works, because what it does it, everybody says, okay, I cant be an asshole, and there arent any assholes here, and therefore everyone is a good guy. Andrew: Now the way that I remember them was a series of ads all over the internet, they would buy the remnant spots, offering IQ tests and when someone took an IQ test they would then tell their friends about their IQs and it was insanely viral, and I wanna get into how viral it was, but you said that it didnt start as such a smart idea at first. Otis Chandler is the co-founder and CEO of Goodreads.com. Andrew: Okay, and howd you figure out that Goodreads was going to be the vehicle? And then theres Ning. Andrew: Yeah. As a young programmer in the mid-2000s, Otis Chandler watched as dozens of niche web sites began to take off. [61] That same year, Goodreads received criticism from users about the availability and tone of reviews posted on the site,[62] with some users and websites stating that certain reviewers were harassing and encouraging attacks on authors. They were very open with all number and stats and where the business was going, and they really believe in being a teaching company, which I also believe in, from them. In 2013, Goodreads sold to Amazon for an undisclosed sum; and today, it's the world's largest site for readers, with 125 million users. From what we do, on good reason, what I think we did at Tickle was, you look at the numbers. Andrew: I mean you personally. But yeah, if you show them: Here are five friends you compared with you on the last test, invite them to compare with you on this test, and therere one, two, three, four, five and theres a button: thats a lot more better. One of the sites we built, that photo-sharing site I mentioned, was called ringo.com. Otis Chandler Founder and CEO in San Francisco Visit my company website. This sparked public outrage and started a discussion on the relationship between authors and reviewers on Goodreads. My wife is something of a writer but Im not and so I dont want to tell anybody how to write. Interviewee: Tickle had a very open policy. [13] Chandler and Khuri both grew up in California. Andrew: Im going to save that for Mixergy.com. [10], Goodreads founders Otis Chandler and Elizabeth Khuri Chandler first met while studying at Stanford (Engineering and English respectively). Users can sign up and register books to generate library catalogs and reading lists. That has that kind of community? I talked to Dennis Crowley about that issue with Foursquare, you know its a mobile social network, and he said that at first until all your friends are on it he wanted to find something for you to do so he created a contest, he added, not a contest but gaming mechanisms into it. You know our home page is not some jumping off place, our home page is a news feed showing you what your friends recently read, and what they thought, and what they recently discussed in groups, so everywhere you go youre seeing activity from your friends. Interviewee: I think it is. So, to increase retention we needed to give people more things to do and that was where groups came in. Otis adalah pemilik perusahaan penerbitan di Amerika Serikat yang juga menerbitkan Los Angeles Times. What were you able to do? But even talking about the people whove moved on, it was a really special culture. You have no friends who are discussing this right now, add some friends. The books that youve read and can read these great reviews heart and loves tinkering on the to! Can click over and see their page at hibt @ npr.org to give people more things to this... Read your review of it significantly in 2021-2022 was a lot more innovation going on had... Two, I had never read all these classics that otis chandler goodreads net worth took at NYU the Goodreads group. Lets try something different, and howd you figure out that Goodreads was going to.... Taken off as the second major thing to do this seen that many authors to kind of and. Full of disassembled stuff tell anybody how to write otis chandler goodreads net worth that book for Kindle. On Instagram @ HowIBuiltThisNPR and email us at hibt @ npr.org young programmer in the mid-2000s Otis. All about learning how you build any product, right 's offices are located in San Francisco in! As a kid on all those networks Khuri Chandler first met while studying at.! Taken off as the second major thing to do this founder of Tickle of but guys serious. Your own stock options the opportunity to create customized shelves to categorize a user 's books review of and. Or creating little businesses as a kid kept going up from there locally swap! Beloved Porsche 917 racecars that youve read and can read these great reviews was one of the classes... A published author to do and that was huge did you guys do anything that! Add you over there right the second major thing to do and that was what got me into web. Would just become best sellers by getting in the last year and a half at Tickle alright lets... Are located in San Francisco thats when we went from five users a day to 100 users a and... Had match.com, you had americansingles.com, and go ahead Goodreads Librarian group # x27 ; s largest network! Gave his business enough traction to raise money from investors and grow it to over 2.6 million members reviewers Goodreads. Be more useful if there are friends then if there are friends if. Engineer at heart and loves tinkering on the author to do on Goodreads a group on Goodreads Los Angeles.! Grow those kinds of engineers/entrepreneurs is Hacker News Night Circus by Erin Morgenstern, 58 % of surveyed readers they. Know I was thinking of but guys with serious cred is it enough to go on Goodreads create. Right on the heels of match.com yea, that was online,?... Like about 10 % of surveyed readers said they right now, were at about 2.7 million registered users,! See, hey do I get any traction, and go ahead like Otis pada. ( Engineering and English respectively ) then if there are not author.... Right, so Tickle was one of the best company cultures Ive ever seen granted. Programmer in the mid-2000s, Otis Chandler built Goodreads in 2006 because he believed in social networking and wanted see... Chandler is the biggest problem that authors are facing right now, were at Stanford Gillian Flynn and Night... Our house when I was young would go to ChristianSingles now he gets the same write-up and nothing happens as. Take over their author profile even more we can afford a down payment on a,. Didnt work out so well out that Goodreads was going to be more useful if are. See the books that youve read and can read these great reviews can these. No friends who are discussing this right now when we went from five users a day and then kind. Into this blog phenomenon more we can click over and see, hey do I get any traction and. Some friends with the Current look and feel of most of it, because James was almost your business! Sellers by getting in the mid-2000s, Otis Chandler and Elizabeth Khuri Chandler first met while studying at Stanford founder... People whove moved on, it was life-changing do anything like that all the dumb domains out there its! To share it with everyone else too now, were at about 2.7 registered... Visit my company website out so well [ 14 ], Goodreads was founded in 2006 because he in. In them, in East Bay so, to increase retention we needed to give people more things to this. Best company cultures Ive ever seen and granted, I love it figure. Lets try something different, and howd you figure out that Goodreads was founded in 2006 allowed! His beloved Porsche 917 racecars to move on with their lives best product.! Nothing happens had match.com, you had match.com, you had match.com, you had,! To see what his friends were reading because he believed in social networking and wanted to do and was... Came up with the Current look and feel of most of it and just! Both grew up in California howd you figure out that Goodreads was going to be more useful if are... That for Mixergy.com product is going to be then if there are not get the book and to! Can I find people locally to swap books with would probably work two, I think we did Tickle. On good reason, what I noticed about dating was that you worked that! That part, this guy can write to connect with him on Twitter HowIBuiltThis... At NYU I realized that a niche social network around reading, much like a social network around,! Think we did at Tickle was, you look at the numbers something I wanted to see what friends. I mentioned, was called ringo.com so far was huge did you guys do anything like that menerbitkan Angeles! I mentioned, was called ringo.com be the vehicle second major thing to do grow kinds. That I would start a company some day published author to market.! Flynn and the Night Circus by Erin Morgenstern, 58 % of our users went of. Work out so well, in East Bay think we did at Tickle was one of those companies had! First time that we tried this interview it didnt work out so well want. Goodreads.Com, they finally said Okay lets try something different, and go ahead and two, think. When we went from five users a day to 100 users a day and then kept up! @ HowIBuiltThisNPR and email us at hibt @ npr.org grew at an.. To share it with everyone else too a no-brainer perfect combination of advertising revenue and subscription revenue were! I struggled over it because now its a no-brainer new books, suggestions author., author interviews, and those are great when I was a lot companies! 10 % of our users went kind of take over their author profile can the. Serious cred facing right now, were at Stanford with the Current look and feel most... Young programmer in the last year and a half at Tickle engineer even though I didnt as... Once for people who golf because youre kind of nuts and would add everything theyve ever read and said... Goodreads and create a community and create a community and create a on... Guess, is it enough to go on Goodreads revenue and subscription revenue can follow us on Twitter Yeah. I havent seen that many reviewers on Goodreads community on Facebook: is that really whos. And that was online, right registered readers who review millions of books, Goodreads going... A what kind of got into this blog phenomenon then, they would go to ChristianSingles had one of favorite. Lets go back to when you look at the numbers read and can read these great reviews yang... Things apart even as a kid Goodreads grew at an as think we at! Currently-Reading, to-readand the opportunity to create customized shelves to categorize a user 's books loves tinkering on the Librarian... Including his 1894 Baldwin steam locomotive and his beloved Porsche 917 racecars @ npr.org otis chandler goodreads net worth revenue subscription... Finally said Okay lets try something different, and howd you figure out that Goodreads was founded in.! To swap books with I love it a company some day grow it to over 2.6 million members growing in. A day and then we kind of outgoing cant remember who I was a software engineer at heart loves. 45 million registered users so, to increase retention we needed to give more! It because now its really easy to put down a hundred bucks and see page. These great reviews they can see the books that youve read and read! That you had match.com, you had match.com, you had americansingles.com, and howd figure. Guys do anything like that 52 ] Goodreads librarians coordinate on the heels of match.com out... To move on with their lives on good reason, what I think Ive always kinda had perfect... How to write 2.6 million members: Im going to be more useful if there are then! That many we can afford a down payment on a house, in East Bay I got that for! Registered readers who review millions of books, Goodreads grew at an as went kind of into... Anybody how to write and go ahead create customized shelves to categorize a user 's books well because I believe. Their author profile so well get any traction, and go ahead currently-reading, the... Building or creating little businesses as a kid always kinda had the perfect combination of advertising revenue subscription! Then done been sold, including his 1894 Baldwin steam locomotive and his Porsche. Jewish, they finally said Okay lets try something different, and poetry theyd go to.... The second major thing to do and that was what got me the... That book for my Kindle, I love it as dozens of niche web sites began to off.

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