“I’d buy a book for £250, only read two chapters out of that book, and never use it again. It’s such an old-fashioned model.”
Gauthier Van Malderen, co-founder and CEO of Perlego, studied economics at university and knows all too well about the pain of buying hefty textbooks that can run into hundreds of pounds each. Despite the obvious frustration among students in universities, prices haven’t come down.
“Textbook prices have increased by 847% since 1982 or three times the rate of inflation,” said Van Malderen.
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