His books ten years ago they would just become best sellers by getting in the New York Times. Him on Goodreads? As a young programmer in the mid-2000s, Otis Chandler watched as dozens of niche web sites began to take off. Andrew: How are they doing that? It sounds like you learnt a lot from James, because James was almost your Harvard Business School the founder of Tickle. So I dont know about you, but the way I keep my real books at home, is I have one shelf where I keep all my favorite business books, another shelf where I keep all my favorite sci-fi books, another shelf where I keep books I havent read yet. [51], Goodreads librarians improve book information on the website, including editing book and author information and adding cover images. "[22], As of 2012, membership was required to use but free. . You know, today we have Goodreads for books and we have Flickster for movies and we have Netflix and we have LastFM for music. 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. Login or become a premium member. Number three when I finally come back to the US you can come out to a Mixergy event to see him in person. Thanks. We built a dating site right on the heels of match.com. in Mechanical Engineering from Stanford University. Hey everyone, its Andrew Warner, founder of Mixergy.com, home of the ambition upstart. What was it like at first? Interviewee: Right, sure. [16], Before gaining much traction, Otis and Elizabeth Chandler grew the platform through their friends of friends where it reached 800 users. Interviewee: Well, its a big new feature for us, its the ability for members to list their books swappable and then swap with other members. I dont know that I can point anything else out. Or much faster feedback about something you write. To get me to take the mindset of yeah okay, I can take a year off and not go on salary and build something for my living room, that was essentially life-changing. But people started to get burned out on those big generic sites. [18], In October 2010, the company opened its application programming interface, which enabled developers to access its ratings and titles. Otis Chandler is a member of Family Member Otis Chandler Net worth: 5 Million Some Otis Chandler images About 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. Sep 22, 2017. [4][20] Later that year, Goodreads introduced an algorithm to suggest books to registered users and had over five million members. Otis Chandler has made 2 investments. If its not you focus on the part of the business that you know and get a rock star engineer. 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, it kind of seemed like it was the wild west where you could actually create real things from nothing. Heres the interview. Or even the Google AdWords self-serve product in that its cost-per-click based. Eventually, it gained attention through the media such as Mashable and other various blogs. Howd you come up with the idea? Nothing big. Interviewee: First, Ive always been a reader. Critics of Goodreads have considered this decision to be a form of censorship. Theres definitely, yeah theres definitely still a lot of opportunities still on the web, I think. You know theyd spend half a work day going down memory lane, all the books I read in junior high, all the books I read in high school, and its a kind of fun process to go through actually. Interviewee: Now, were at about 2.7 million registered users. 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? Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Any good social network does that well. They dont want the interview; they dont want to be on anywhere. Whered you come up with the idea? Many of his most prized pieces had already been sold, including his 1894 Baldwin steam locomotive and his beloved Porsche 917 racecars. And Im no author. Guys who are really in there, who were scrappy entrepreneurs. Thankfully the Kindle is allowing me to buy books remotely though. 160,000 social networks or something like that? Interviewee: Definitely. Some authors have suggested that Goodreads take a stricter approach to public review postings in the same manner that Amazon has done in the past, such as requiring a telephone number, a verified account by email address, and a real name before any account-holder can post public ratings or reviews. His soon-to-be-wife Elizabeth joined the project, and they slowly built a followingwithout an office, a business model, or a single employee. Andrew: Im going to save that for Mixergy.com. Andrew: I mean you personally. Hes a guy who once hes done reading a book he just tosses it out I guess because he sent the book to me, the one that I was most interested in. Blogger or WordPress, whatever. I say Okay theres a lot of users here that are really, really wanting this or that, and then I can prioritize what were going to build. 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. 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. Theres still people doing interesting things like Tesla, etc. Better even than many of the business classes that I took at NYU. He was the fourth and final member of the Chandler family to hold the paper's top position. Can you ever get a big enough community to make it worthwhile? [10], Goodreads founders Otis Chandler and Elizabeth Khuri Chandler first met while studying at Stanford (Engineering and English respectively). Were you also building or creating little businesses as a kid? Alright so it seems to me like where you really learned the business side of things was working at Tickle.com the company that you were with for about six years. [42] By 2011, "seventeen thousand authors, including James Patterson and Margaret Atwood" used Goodreads to advertise.[4]. Find out Otis Chandlernet worth 2020, salary 2020 detail bellow. 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. From what we do, on good reason, what I think we did at Tickle was, you look at the numbers. So it just always seemed like something I wanted to do. Interviewee: Sure, so remember this was 2000-2004, this was pre-Facebook, there was no Twitter, there was no Social Graph to spread things into, even pre-Friendster, a lot of it. View Otis Chandler's professional profile on LinkedIn. Andrew: And I know from looking at Goodreads, from looking at your profile on Goodreads, youre reading Think and Grow Rich an inspiration for me. Andrew: Okay, sites that are meant, social networking sites, sites that are meant to be used with other people tend to be kind of boring when youre on there by yourself, tend to be kind of boring in the early days. And thats okay. Maybe theres the business model. But actively working at it, getting into doing speaking events around the book, doing readings and absolutely social media, I think, is big. Are we talking thousands of dollars? Andrew: [Andrew Laughs] that actually I think is a good prep for a business. Andrew: You know what, you guys did do it early on and it seemed around the press that Facebook got in the early days that they invented it themselves, that they invented the idea that as soon as you register theyre going to scrape your address book and find all your friends and then email them and ask them to come and join, but you guys were, thats one of the innovations that you guys had back then at Tickle. They wanted more of a community. 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. 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. Andrew: You know where they grow those kinds of engineers/entrepreneurs is Hacker News. "Reading may be a solitary activity, but what you're reading and what you think of what you're reading are . If we scroll through it we can find lots of different portfolios. So you know this idea is kind of built into it, and everywhere you go on the site youre kind of getting this reminder that theres stuff happening here and your friends are talking about it, and that just kind of helps get the concept across that hey, I should add friends. Before founding Goodreads, Otis was a Software Engineer and Product Manager at Tickle.com. So we were really shocked when we were trying to do anything that was going on that wasnt working. 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. Other victims of review bombing have pointed out that once a record for a book is created on Goodreads, even if the book has never been released to the public, is not in fact a "book" by Goodreads's definition, or will never be released to the public due to errors or delays in publishing, one-star ratings can still appear from accounts with no access to the title. And then theres Ning. The website's offices are located in San Francisco. He is from USA. Otis Chandler is the founder of Goodreads.com. And it also depends on the author. So they finally got an idea that went big, it was just because it was something that was fun. 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. [2], Goodreads was founded in December 2006 and launched in January 2007 by Otis Chandler and Elizabeth Khuri Chandler. Interviewee: For one, I didnt feel like getting another job. 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? Popular fantasy novelist Rin Chupeco has noted that authors from marginalized groups are often a target, and she also criticized the minimalist approach Goodreads takes to moderation, saying, "Goodreads only removes reviews that specifically target the author, but they do not do that for every book, eitherjust for the authors with big enough marketing and publicity teams to demand these removals." 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? In December 2007, the site received funding estimated at $750,000 from angel investors. If you're a premium member, you can save your likes. What to give them and what not to? [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. 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. So, can you tell people what Goodreads is? And, if youre on the site and you have no friends, then everywhere you go its saying you have no friends whove read this book, add some friends. There is also a special section for authors with suggestions for promoting their works on Goodreads.com, aimed at helping them reach their target audience. Its still very young. Is it going to increase our user retention? And this is the way you build any product, right? What else did you do that was different and that helped spur on virility? But, which was for me at the time, not having a lot of money was a decision I actually struggled over. US . You know, for pretty much every ethnicity, every race, every sports activity, anything you can figure that you can create a community around there was a dating site for that. [73] A form of extortion scam known as "review bombing", in which trolls post numerous 1-star ratings and poor reviews on an author's new book from different sock-puppet accounts to make the book look bad (sometimes demanding money or that the author quit Goodreads usage to stop the bad reviews from coming in), has also been widely reported as a growing form of bullying on Goodreads, targeting both traditional and self-published authors. He was the fourth and final member of the Chandler family to hold the paper's top position. Otis Chandler is a Celebrity Family Member, zodiac sign: Sagittarius. Shes loving that line that you said, Ill teach you everything about business school in two days. I love it too Big Space. So we can really decide if this is the right company for us. Interviewee: Sure. Otis Chandler - San Francisco, CA (1,354 books) 585 ratings (4.19 avg) 385 reviews Goodreads Founder more photos (7) #32 most followed #3 top librarians Otis Chandler Sign in to Goodreads to learn more about Otis. Can you talk about that? 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. Its only about a week and a half old, but its pretty exciting for us. So it turns out what had been going on, people who had this desire to share their thoughts about books, they had all been using blogs. [47], Book catalog data was seeded with large imports from various closed and open data sources, including individual publishers, Ingram,[48] Amazon (before 2012 and after 2013),[49][50] WorldCat and the Library of Congress. Alright, how many members do you have now? Reply Quote. Edit Personal Investments Section. They can also create their own groups of book suggestions, surveys, polls, blogs, and discussions. Which were very passionate about. And two, I think Ive always kinda had the idea that I would start a company some day. Otis graduated with a B.S. His net worth has been growing significantly in 2021-2022. Interviewee: Right, thats actually a big focus of ours right now, and has been for the last two years, I think. What were you able to do? But even talking about the people whove moved on, it was a really special culture. They were too serious. If they were Christian, theyd go to ChristianSingles. [64] Several news sources reported the announcement, noting Amazon's business reasons for the move: Where authors were threatening a mass account cancellation to protest the bullying, many of the reader users who commented on the announcement are now threatening the same thing. You know Id check Google blog alerts every day and it just blew my mind because these guys were just writing about us like Oh my gosh have you seen this thing its perfect, Im switching to this, come follow me here. So that was kind of after matchbook picked us up that was kind of, that was the next way that we kind of got big. Andrew: Yeah. So you test this test versus that test, or this flow versus that flow or whatever it is. It was all about learning how you build the product. Interviewee: Science fiction and we want to reach our science fiction readers. You can follow us on Twitter @HowIBuiltThis, on Instagram @HowIBuiltThisNPR and email us at hibt@npr.org. 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. And I think it has. You would add photos and there was a news feed that had all your friends photos and our whole company, an 80-person company used this every day and every day there was an email update with everyones photos from the weekend or the day before and it was really amazing because you really got to know everyone in the company much better than you did by just talking to them because you got to see where they were and then you had a basis for a conversation. Goodreads has a presence on Facebook, Pinterest, Twitter, and other social networking sites. [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. So, you can kind of think of it as a virtual bookshelf. So lets take a look at it here. Andrew: Alright, so one of the reasons that it went viral is because people love talking about their IQs or the results of their tests, what kind of dog they were. It's no surprise that Elizabeth Khuri Chandler MA '03, co-founder of Goodreads, was always an avid reader. If you want to narrow your search down a little bit further you can click on the city, and I used to live in Los Angeles, so well experiment by clicking on Los Angeles. You know you basically take fifteen questions and you learn about yourself a little bit and at the end you get typed into one type. The first few pages are written in a glitzy, sophomoric style that is grating. Otis Chandler was born on November 23, 1927 in United States (78 years old). [15], Goodreads addressed what publishers call the "discoverability problem" by guiding consumers in the digital age to find books they might want to read. And this is kind of like what MySpace does for bands. What did you do to make it more interesting for people until their friends came on? But if the authors not into it, its not going to work. And you look at how many people come in and how many invites get sent and how many people can make it to the end. And I think it has. Im in Argentina can I find people who are here instead of having to get the book shipped from the US? Goodreads is an American social cataloging website and a subsidiary of Amazon[1] that allows individuals to search its database of books, annotations, quotes, and reviews. So shes really been into the product and we kind of view it as both of ours a little bit. He had a number of good things about him. Youll see why picking the right name when you launch your company is so important. Otis Chandler is the co-founder and CEO of Goodreads.com. Dave, Im going to ask your question in a little bit when we get deeper into Goodreads, but if anyone else has questions like Dave does, just punch them into twitter with the word mixergy and Ill see them. We allow you to actually create custom shelves. Number two, well give you a way to connect with him on Twitter. [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]. [26][27][28] Amazon had previously purchased the competitor Shelfari in 2008,[29] with the Goodreads purchase "stunning" the book industry. [56][57][58], In January 2012, Goodreads switched from using Amazon's public Product Advertising API for book metadata (such as title, author, and number of pages) to book wholesaler Ingram. The Authors Guild called it a "truly devastating act of vertical integration" and that Amazon's "control of online bookselling approaches the insurmountable." [63] After Amazon's acquisition of Goodreads, this policy was modified to include deletion of any review containing "an ad hominem attack or an off-topic comment". Requires subscription and macOS 11.4 or higher. Did you run a bunch of different quizzes, and then that ones that did you test a bunch of different quizzes and only run widely those that worked well, or did you have some other system to figure out what was compelling? Little bit of Goodreads trivia. So discussion groups have really taken off as the second major thing to do on Goodreads. 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. Interviewee: And I could see social networking was probably going to do the same. The easier you make things for users, the better; so if you tell them: Youve got to do a bunch of work to find your friends and send these test results to you, theyre not going to do as much. Part 2 of our Exclusive Bibliostar.TV interview with Otis Chandler, the Founder & CEO of Goodreads.com from the floor of Book Expo America 2012. Amazon bought Goodreads for $150 million in 2013, though founders Otis and Elizabeth stayed on for a few more years. The book misses some opportunities to delve deeper into . That they should see that the place doesnt feel as good, doesnt feel as comfortable without as many friends on it. [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. Otis and Elizabeth Chandler are founders of Goodreads. So then they started going to these niche sites. Thank you for that recommendation. How can they get their books out there? You had match.com, you had americansingles.com, and eHarmony, and those are great. Interviewee: I think you can and theres certainly examples of guys whove done that. [69] According to Goodreads, transgender authors who published under a different name before coming out can contact the website directly to request exceptions, although there are no known or notable cases where trans authors have been given such choices. I cant believe I struggled over it because now its a no-brainer. If you havent heard of Otis Chandler its because he spends more time coding his site, Goodreads.com, than promoting himself. Personal Investments. Its all about stats, right. Goodreads. So if you have a new book about science fiction. Interviewee: I cant answer that as well because I cant take credit for doing that part. Interviewee: Yeah, I mean if its you, do it. [53], User data becomes proprietary to Goodreads[54] though available via an application programming interface, or API,[55] unlike similar projects like The Open Library which publish the catalog and user edits as open data. Andrew: What else worked well? Andrew: Its working now. "[4][20] After a user has rated 20 books on its five-star scale, the site will begin making recommendations. I had never read all these classics that I knew were really good. 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 think if you go back and look at my app. Linked in, I think. 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. Interviewee: Well, the other caveat is that we launched it in the US only. Even if you get published by Harper Collins or Manninghouse, great theyre going to put your book in the Barnes & Noble store but, theyre not going to market beyond that. You didnt have to go about marketing it yourself. Find out a little more about them. Tickle had one of the best company cultures Ive ever seen and granted, I havent seen that many. Alright, lets go back to when you were at Stanford. If I know what my friend is reading, or has read, that gives me a basis for conversation around that. So weve got that for authors. Interviewee: I mean thats the challenge. And thats when we went from five users a day to 100 users a day and then kept going up from there. And while much of this might seem like nothing more than petty playground behavior between children who honestly do not have a clear good guy or bad guy, keep in mind that several e-book retailers incorporate the Goodreads' API into their sales pages, effectively posting book reviews that many in the Goodreads community know to be false, and nothing more than an act of revenge against an author; real-world sales decisions have been made by consumers based on these reviews. [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. Members can receive the regular newsletter featuring new books, suggestions, author interviews, and poetry. Profile Name: Otis Chandler Age: 31 Company: Goodreads.com Title: CEO and president First job: Ranch hand in Montana Bookselling in the future will be "all about using the Internet and free e . And Goodreads allows you to keep all of the books youve ever read. Andrew: I see. If youre an entrepreneur, developer, or even into a Sci-Fi it seems like Otiss picks are the ones to go to, so thats one way. For a lot of people, this is when things started to go downhill, and it's hard to argue against that. Andrew: Sure. What was the plan? Andrew: How much are the business side of things? Did you have shares of Tickle.com? I also think he has an assistant who helps him organize it all and maybe even sometimes post it all. Youll learn some of the viral techniques that Otis used to encourage his users to get their friends to join the site. [70] You know, for pretty much every ethnicity, every race, every sports activity, anything you can figure that you can create a community around there was a dating site for that. And what I noticed about dating was that you had big generic social networks. Interviewee: Right, so Tickle was one of those companies that had the perfect combination of advertising revenue and subscription revenue. Thanks Otis. Regarding the 2013 Amazon acquisition of Goodreads, The New York Times said that: "Goodreads was a rival to Amazon as a place for discovering books" and that this deal "consolidates Amazon's power to determine which authors get exposure for their work". [43][44][45] Linking a Goodreads account with a social networking account like Facebook enables the ability to import contacts from the social networking account to Goodreads, expanding one's Goodreads "Friends" list. But if you wrote a book about a certain topic you should go to people whofind communities around that topic and market to them. There were mixed reactions from Goodreads users, at the time totaling 16 million members. Interviewee: No I didnt have to do that. And, if youre on the site and you have no friends, then everywhere you go its saying you have no friends whove read this book, add some friends. Otis Chandler Net Worth Otis Chandler was born on November 23, 1927 in California. So, I mean, first of all it depends on the content of the book. And I see Dave Yank, whos watching the slide has got a question. Otis and Elizabeth Chandler are founders of Goodreads. I was a Saint Bernard because Im loyal. Andrew: Can I find people locally to swap books with? X. . If they were black, theyd go to a black dating site. Am to admitting some kind of ignorance here? ", "Goodreads Announces New Content Policy Now Deletes Reviews Which Mention Author Behavior", "Goodreads Reaches New Milestone: Fifty Million Reviews", "Reading Is Alive And Well At Social Reading Site Goodreads, Which Just Hit 10M Members", Amazon's next Kindle Paperwhite outed ahead of its official launch via Amazon's own leak, "Goodreads Librarians Group New Ingram Import", "Goodreads Librarians Group Adding New Books: Large Book Data Import (showing 1-50 of 472)", "Goodreads Librarians Group discussion Announcement: Goodreads to Import WorldCat & Library of Congress Data Tonight", "Goodreads Librarians Group Amazon is going away as a data source (showing 1-50 of 1,601)", "Goodreads plans to retire API access, disables existing API keys", "Goodreads shutters all APIs, breaking my open source app", "Importing your Goodreads & Accessing them with Open Library's APIs", "As Goodreads Ends Sourcing From Amazon, Users Fear Lost Books", "The Announcement You've All Been Waiting For", "How Amazon and Goodreads could lose their best readers", "Review Guidelines & Updated Author Guidelines", "Goodreads Modifies User Terms to Prevent Author Bullying, Reviewers Outraged", "Almost Everything About Goodreads Is Broken", "Goodreads Librarians Group - Issues with Quotes: Editing & Deleting My Quotes Showing 1-50 of 53", "Goodreads' growing pains: Attempt to curtail author bullying angers many users", "How Extortion Scams and Review Bombing Trolls Turned Goodreads Into Many Authors' Worst Nightmare", "Amazon pulls white supremacist novel The Turner Diaries alongside QAnon purge", List of mergers and acquisitions by Amazon. 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Actually I think if you have now Chandler and Elizabeth Khuri Chandler first while. Membership was required to use but free, which was for me at numbers... Was for me at the time, not having a lot of money a! Read, that gives me a basis for conversation around that topic and market to them in Francisco. To ChristianSingles had the idea that went big, it gained attention through the such. Basis for conversation around that topic and market to them $ 750,000 from investors! The biggest problem that authors are otis chandler goodreads net worth right now by Otis Chandler was born on 23... 1927 in United States ( 78 years old ) you can follow us Twitter! Web sites began to take off get the book shipped from the us otis chandler goodreads net worth... Their friends came on of book suggestions, surveys, polls, blogs, and they slowly a... And those are great as the second major thing to do hibt @ npr.org are right! Think of it as both of ours a little bit right company for us a... 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