WeBook

• WeBook raises another $5m from Vertex Venture Capital and its existing backer, Greylock Partners Israel.
• The site provides a platform for authors, writers, and readers to collaborate on writing books.
• Once a book is completed, the community reads them and votes for which one should be published.
• WeBook publishes the book and splits the profits 50-50 with the author and major collaboraters of the project.
• They passed the 100,000 unique visitor mark last month and continue to grow.

Made tiny from TechCrunch.com original story.

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