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."
A sellout is a sellout... period. Just admit that you saw the large cash out and couldn't walk away. We understand, you're human after all. Most of us couldn't walk away from $68-100 million. But, don't try to blow smoke up people's asses that you kept to your original mission. If you can't sleep at night because you sold out people who were counting on you, that's your problem.
"Be particularly skeptical when presented with evidence confirming what you already believe." -
Why do we give attention or care to some sellout? They sold out, they go take their millions and be forgotten. You let go what you created that was good. Get lost, you are no longer worth my time.
Researchers don't get paid when they submit a document to a peer-reviewed journal, they don't see a dime in royalties from the copyright licenses that the publishers sell, and they even usually have to submit a fee with any paper they send for publication (to cover the costs of peer review). This means that the publishers unfairly benefit from:
1) The grant-makers who fund the research;
2) the labor of the researchers/authors.
That the publishers are trying to claim that they have exclusive rights to the distribution and licensing -- and more importantly, that they're attempting to create a reef of minimum resources/energy required to gain access to research -- is ludicrous. Why aren't they sharing the $1.1 billion in profits they earned on the backs of the people who submit to their journals with the people who actually provide the content that the publishers paywall off? (Grant-makers should probably also benefit from this, in any profit-sharing situation.)
And more importantly, why are the publishers trying to impose a "minimum resources required to participate" bar on STEM? If the strategy is supposed to be to get underprivileged students into STEM, it's definitely not going to happen as long as the students are working from 10+ year old science regurgitated into textbooks.
I mean, at least with open-source software, a commercial venture that builds and supports a product based on any given open-source code cannot prevent other people (or the original authors themselves) from also sharing the code. That's the true meaning of open science: that the original author can benefit from the peer review they already submitted a fee to cover the cost of, and make the paper available themselves without assigning copyright to an organization that will profit from the authors' (much harder) work.
If the publishing industry actually had to pay what the material was worth, rather than shifting all the costs to the creators while profiting from what is essentially a basic administrative (arranging peer review, administering contracts) and mechanical (printing copies, running servers to make copies) practice, there would be no $1.1 billion in profit in a year.
Scientific paywalls (preventing access to science that was funded entirely or partially by the public purse) are a crime.
We need every available quality mind, rich or poor, on some of our scientific and engineering challenges today.
Where are we going and why are we in a handbasket?
Read your own bloody link in the future.
It's $350k in income per year, not in net worth. There is a massive difference between the two. A house counts for the latter and not the former.
According to this article you need around $8 million in net worth to be part of the 1%:
http://www.cnbc.com/id/4880064...
So no, a house doesn't cut it.
No I think your maths is broken.
Current world population 7 billion. 1% of 7 billion is 70 million.
Credit Suisse estimates world wealth at over $250 Trillion - https://publications.credit-su...
According to Oxfam (biased towards putting the wealth into the 1% category) 48% of the worlds wealth is held by the top 1% - http://www.huffingtonpost.com/.... 48% of $250 Trillion is $120 Trillion.
$120 Trillion / 70 million is $1,714,285. Which shows if you want to get into the top 1% you need nearly 5 times as much money as you suggest.
I'm sad to see traditional publishers who pay for reporters and columnists be undermined by aggregators that leach content and don't do much
And the award for most ignorant post in the thread goes to......
Elsevier IS an aggregator that leaches content and doesn't do much--they don't produce ANYTHING. They've "acquired" copy rights on other people's research data by paying researchers NOTHING except the "prestige" of peer review (which they also don't do or pay for--they get the same researchers to do it for them for free.
They are the epitome of a leech. And the research community HATES them, but can't avoid them for a variety of institutional reasons (see also: publish or perish).