Oakland, United States
Inkshares is a pioneering platform that harnesses the synergy of crowdfunding and traditional publishing to empower storytellers and engage readers in shaping the future of literature. Since its founding in 2013, Inkshares has been transforming the economics of book publishing by combining the concepts of crowdfunding and traditional publishing.
Authors submit book ideas while readers actively participate by sharing, collaborating with authors, and pre-ordering books. Not only do pre-orders act as votes, but they also serve as funding, allowing readers to subsidize production costs, thus reducing financial risks. This unique model enables Inkshares to offer authors 50% of gross revenue for print sales and 70% for ebook sales.
The platform's approach ensures a break-even scenario even if a book doesn't sell well, guaranteeing a more sustainable model for authors and the publishing industry as a whole. The latest recorded investment was a Venture Round at January 01, 2016, with Daniel Curran as the investor. The company operates within the Digital Media and Publishing industries, reflecting its innovative approach that merges traditional and modern aspects of the publishing world.
