College Kids Turn Idea Into Business
Orlando Sentinel:
DePauw University student Ryan Tinker has a ways to go before he earns his college degree, but he’s already a cog in America’s entrepreneurial machine.
The 20-year-old sophomore collaborated with fellow DePauw student Zach Koch to start BookSnag.com in January 2006. With a $500 investment in computer equipment, the 2 created a Web site to help students at the small liberal arts school in Greencastle, Ind., save money buying and selling used textbooks.
The book service has made waves on campus. The company attracted more than 300 customers a year ago, but this winter more than 800 DePauw students tapped into BookSnag at the beginning of the semester to exchange more than 700 books.
BookSnag’s idea is simple: Provide a local alternative to the campus bookstore for exchanging textbooks. Students can use BookSnag for free. Sellers name a price for old textbooks and list the offer. Buyers can search by title for the books they need and either purchase at the asking price or make a counteroffer…
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