There is an abundance of opportunity in Silicon Valley right now because of the enormous amount of change happening in the way people use technology, Adler told CNBC.
"People are now switching their web usage habits from the web to mobile devices and tablets. People are now navigating the web in new ways, it's the social web, there's all kinds of new business models that are possible. That's why you are getting all of these break out companies," Adler said.
Scribd, which has doubled in size every six months and now has about 90 million monthly users, has a three-part revenue model. The company has ads on the website, offers premium accounts for a fee and allows users to buy and sell content.
"Right now we are focused on building the best long-term business we can," Adler said.