Slashdot Mirror
How Publishing Upstart Mendeley Weathered Revolt and Became Part of the Paywall
Lashdots writes At Fast Company, Tina Amritha writes about the controversial rise of reference manager startup Mendeley, which inspired revolt among its users when it announced in 2013 it was being acquired by scholarly publishing conglomerate Elsevier. "Seeing that some of our most vocal advocates thought we had sold them out felt awful," CEO Victor Henning said recently over a tea in Amsterdam, where Elsevier, Mendeley's parent company, is headquartered. "I had steeled myself for some pretty violent reactions beforehand. After all, I was aware of Elsevier's reputation and the mistakes they had made."...
Elsevier, like other large publishers, loathed Mendeley's open model; In 2013, it had forced Mendeley to remove its titles from its database. The thinking behind its acquisition of Mendeley—for a sum rumored to between $69 million and $100 million—was simple: to squash the threat Mendeley posed to its traditional subscription model, and to own the ecosystem that Mendeley had constructed, with its valuable data on the behavior of millions of researchers. But Henning contends, "We've kept the promises we made when we began."
Elsevier, like other large publishers, loathed Mendeley's open model; In 2013, it had forced Mendeley to remove its titles from its database. The thinking behind its acquisition of Mendeley—for a sum rumored to between $69 million and $100 million—was simple: to squash the threat Mendeley posed to its traditional subscription model, and to own the ecosystem that Mendeley had constructed, with its valuable data on the behavior of millions of researchers. But Henning contends, "We've kept the promises we made when we began."
I may have a price, but i have yet to see a dollar amount that matches what im worth.
Either you're one of those entitled millennials, or you listen to your mom way too much. Good luck to people around you.
lucm, indeed.