Booktrope Explained

Booktrope
Founder:Andy Roberts, Katherine Sears, Heather Ludviksson and Ken Shear
Country:United States
Headquarters:Seattle, WA
Distribution:Worldwide
Publications:Books, E-books
Imprints:Forsaken, Gravity, Edge, Entice, Vox Dei

Booktrope (founded 2010, ceased operations 2016) was a Seattle-based hybrid publisher which specialized in community-based team publishing.[1] Applying a "team publishing" model, under which authors, editors, designers and marketing managers shared revenue, the company published approximately 1000 books in print and ebook formats. It ceased operations as of May 31, 2016.[2]

History

Booktrope grew rapidly from its founding in 2010 until 2016, publishing many books that made best seller lists and giving hundreds of new authors opportunity to release works. The company was selected for Y Combinator in winter, 2015,[3] having previously won the Seattle Angel Conference competition in November 2013.[4] The company attracted attention for innovation in publishing[5] [6] [7] [8]

In April, 2016, Booktrope's management determined that its business model was no longer financially viable due to changes in the book market, and conducted a managed shutdown of the business, paying authors and other creative team members all royalties earned and providing source files that authors could use to republish their books.[9] [10]

See also

External links

Notes and References

  1. Web site: A New Approach to Publishing Seattle Magazine. Seattle Business Magazine. en. 2017-03-27.
  2. Web site: Team publishing startup Booktrope to shut down, citing revenue shortfall. 2016. Geekwire. 22 February 2015.
  3. Web site: YC-Backed Booktrope Rethinks Book Publishing. Ha. Anthony. TechCrunch. 26 February 2015 . 2017-03-27.
  4. Web site: Startup Booktrope is Winner of Fourth Seattle Angel Conference Investment Competition. www.seattleangelconference.com. 2017-03-27.
  5. News: Thinking of the children. The Economist. 2017-03-27.
  6. Web site: A Newbie's Guide to Publishing: Guest Post by Katherine Sears. Konrath. Joe. 2013-07-10. A Newbie's Guide to Publishing. 2017-03-27.
  7. News: How Booktrope Turned a Free Ebook Into A Bestseller. 2013-06-24. Digital Book World. 2017-03-27. en-US.
  8. News: How Hybrid Publishers Innovate To Succeed. Vinjamuri. David. Forbes. 2017-03-27.
  9. News: Team publishing startup Booktrope to shut down, citing revenue shortfall. 2016-04-30. GeekWire. 2017-03-27. en-US.
  10. News: Booktrope To Shut Down Operations. PublishersWeekly.com. 2017-03-27. en.