The company also announced that George Consagra, most recently COO ofpopular social network Bebo, has joined Scribd as President. He willoversee the expansion of Scribd's business operations, including businessdevelopment, sales, finance and marketing. As an early executive, Consagrahelped Bebo grow its membership from 20 million to more than 45 millionduring his tenure and through the company's $850 million acquisition by AOLearlier this year. Prior to Bebo, Consagra was an executive at interactivemarketing powerhouse Organic.

"George has more than 20 years of experience building great companies andgreat brands," said Trip Adler, CEO and co-founder of Scribd. "He's abrilliant operational executive and we're excited to have him join Scribd'smanagement team; he will be instrumental in helping us take the company tothe next step."

Rounding out the Scribd leadership team, Bill Tai of Charles River Ventureswill join Geoff Yang of Redpoint Ventures, as well as co-founders Adler,Jared Friedman and Tikhon Bernstam on the company's board of directors.Tammy Nam, who led marketing communications for social applicationsdeveloper Slide, also recently joined Scribd as Vice President forMarketing.

"Scribd's growth trajectory in its first year is similar to that of YouTubeand Facebook. That, combined with a founding team with excellent instinctsand a clear need for Scribd's service, makes for an unbeatablecombination," said George Zachary of CRV, which has also invested inTwitter, Geni, Social Media, Yammer and GoTV. "We're looking forward tomore great milestones from Scribd in the coming year."

About Scribd, Inc.

Scribd was founded on the simple observation that there's a writer in allof us. In less than two years, Scribd has become the largest socialpublishing company in the world with more than 50 million readers eachmonth and more than 50,000 new documents shared every day. Scribd ischanging the way people find, share and publish original writings anddocuments on the Web. Its innovative document reader technology, iPaper,enables anyone to easily upload PDF, Word, PowerPoint and other documenttypes and share on Scribd.com or embed on thousands of other websites.Scribd is backed by Charles River Ventures, Redpoint Ventures, PaulGraham's Y Combinator, the Kinsey Hills Group and several prominent angelinvestors. For more information about Scribd, please visit www.scribd.com.

About Charles River Ventures

Founded in 1970, Charles River Ventures is one of the nation's oldest andmost successful early-stage venture capital firms with approximately $2.1billion under management. CRV is dedicated to helping exceptionalentrepreneurs turn their ideas into the next category leaders in highgrowth technology and media sectors. Over the past 10 years, CRV funds havebeen ranked among the industry's top performers. CRV has offices in Boston,MA and Menlo Park, CA. For more information, visit www.crv.com.

Contact:Tammy NamScribd, Inc.Email Contact