Inkshares Modifies Business Model
Inkshares announced two changes to their platform, including a restructured funding goal and a refined credit system, in a blogpost on Friday. CEO Jeremy Thomas disclosed the changes, which impact the way authors qualify to get their books published by the service.
The most significant change is that authors now must reach 750 print pre-orders before Inkshares will move forward with publication, and the company will eliminate the e-book only tier. Inkshares is officially rolling out these changes on October 30, 2015 at noon PST.
Inkshares previously functioned on an “all or nothing” model—a project doesn’t move into publication until it has raised the critical mass of funding, determined by Inkshares, required to cover the costs of editorial, design, and an initial 1,000-copy print run. If a book isn’t funded successfully, contributors are fully reimbursed.
