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Booktrope Gone

30 April 2016

From Geekwire:

Booktrope plans to go out of business at the end of May, bringing an end to its “team publishing” platform used by ad hoc groups of authors, editors, marketers and designers to create and market print books and e-books.

The Seattle startup, which went through the prestigious Y Combinator accelerator program, announced the news Friday in a message on its site and a detailed email to users from the company’s executives.

“Much has been accomplished by Booktrope and our community over the past six years,” read the email from CEO and co-founder Ken Shear; co-founder and CTO Andy Roberts; and COO Jennifer Gilbert. “But even with a collection of excellent books and with very strong contributions by creative teams who’ve provided editing, design and marketing services, Booktrope books have not generated sufficient revenues to make the business viable.”

. . . .

The company connected authors with editors, cover designers, proofreaders and marketers to create and promote e-books and print books. Teams managed the process and collaborated using the company’s “Teamtrope” platform. Booktrope helped to get books published and distributed in print and as e-books, and managed financial and legal issues.

Booktrope kept 30 percent of the net profits, and the creative teams split the remaining 70 percent based on agreements among them. Booktrope didn’t charge any up-front fees.

Link to the rest at Geekwire and thanks to Piper for the tip.

Self-Publishing

4 Comments to “Booktrope Gone”

  1. I am fascinated that among this opinionated group no one seems to care. No one has said they will be missed. No one has said good riddance. Is it just the weekend?

    There is only one thing in life worse than being talked about, and that is not being talked about.
    –Oscar Wilde

    • Felix J. Torres

      Nobody cared when they were around, why care when they’re leaving? 😉

      At any point in time there are literally hundreds if not thousands of startups touting “innovative” and “game changing” products and services. Most go nowhere.

      By now people have learned to ignore the hype and wait until these businesses actually change the game to start caring.

  2. It confirms my decision a few years back not to offer editorial services to Booktrope.

    On a related note, I hear there are issues. Rumour has it authors still have to share future royalties with their editor, proofreader, cover designer and marketing rep.

    • That’s the model. You didn’t pay your editor and cover designer, instead you gave them a share in your royalties. The contract says that the author retains copyright, but the other stakeholders still need to be paid and paid within 30 days of the publisher receiving royalties.

      I’m really happy with writing and running my own business as a sole proprietor, but I would not want to be responsible for getting payments out the door. Best option would be to renegotiate and buy them off. I suspect for a lot of people, the best option will just be to let the book drop.

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