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Book+Main isn't accepting new investments

Book+Main’s deadline was August 31, 2019

Follow the company to stay updated on their progress, including future investment opportunities


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Book+Main

Big data meets romance: the #1 grossing genre
Publishing & Literature Marketplace Subscription Women Founders Publishing Apps Big Data
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Featured image of Book+Main
$114,858
Raised
355
Investors
Successfully funded and closed on August 31, 2019.
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Pitch Updates 8 Reviews 76
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Closed on August 31, 2019. Information may not be up-to-date. Campaign closed on August 31, 2019. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Book+Main, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Book+Main Crowd SAFE Book+Main Form C
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Hear from some of the 355 investors in Book+Main


Show more

Deal highlights 

  • Marketplace pairing romance authors & readers through 'Bites'—excerpts specifically chosen by the author—including exclusive sneak peeks, serials and bonus scenes
  • Romance is the #1 best-selling genre in the U.S. at $1.4B+ annually
  • Over 45,000 registered users on the platform, including more than 3,400 authors 
  • Readers from 150+ countries on Book+Main
  • $20K+ in advertising and affiliate revenue

Publishing is a $40B industry in the U.S. alone 

Romance novels are #1 in book sales 

Romance is the highest grossing genre representing almost one-third of all fiction sold. Over 75M Americans (estimated at 2-3x globally) read romance novels each year, with 46% reading more than one novel per week. As the romance genre lends itself towards self publishing, authors are turning to online platforms to help them promote their publications and are willing to pay a premium to display their work. There is a huge market not only for those interested in buying and reading romance novels, but also for the authors who’d like a place to share their work in a space dedicated to romance readers.



Visibility & Discoverability

In an extremely competitive, over-saturated market, authors spend too much time and too much money marketing their books to the wrong readers. Readers waste inordinate amounts of time and money trying to find their next read, because the way they find books today is broken. Currently, readers are only presented with book covers and ‘blurbs,’ synopses oftentimes not written by the author, but also mismatched categories and searches that are weighed down by a retailer’s algorithms. 

Book+Main gives readers a search tool that uses a vast array of keywords that connect them directly to an author’s words, while also giving authors the tools they need to immediately connect their work to readers in search of what they’re writing.



Book+Main: literary matchmaker for readers and authors 

Book+Main provides a sales and marketing tool hosted on a platform comprised of an all-romance audience. Authors upload Bites—excerpts or bonus content from their novels—that are searchable with more than 350 genre-specific keywords. This creates interest in their work, allows the reader to immediately get immersed in the story, and prevents their novel from getting lost. For our authors, Bites not only introduce them to new readers, they have also proven to be a powerful tool in exposing old and new readers alike to their entire catalog of books, not only new releases. And, Bites have no shelf life. If an author posts a Bite today and a reader searches for related keywords, that Bite will be served up for years to come. Bites posted over a year ago still sell books today.  

Readers search the 350+ genre-specific keywords to find Bites that match exactly what they’re looking for. Bites have proven to be an accurate and efficient way for a reader to find and experience a book before they buy. Readers agree that Bites are better than samples because they are curated by the author to show the highlights of the book. 

Finally, Book+Main builds a community of romance enthusiasts, by incorporating social media components (like, comment, share, etc.), to help create discussions around the books readers love, while also giving more exposure to an author’s work. Book+Main has a social media feel, but is a discovery tool first and foremost.  




 




Three revenue sources


1. Affiliate Fees: Book+Main earns an affiliate fee on books sold from each of the retailers available on the platform—Amazon, Apple Books, Kobo, Barnes & Noble and Audible.

2. Advertising: In a niche market, the right balance between advertising and engagement is critical. At Book+Main, we are developing three forms of advertising that give the author exceptional access to the RIGHT readers—those seeking what they're writing, who do not already follow them— while ensuring that a reader is served up advertising content that truly speaks to them. This will allow for greater reader engagement and increased author interest based upon its efficacy.

3. Author Subscriptions: We have been transparent since day one that Book+Main Bites will be a paid platform for authors. Once subscriptions go into effect, authors will enjoy a 30-day trial with a guided experience to ensure they make the most of their trial period. Standard subscriptions will be $9/month or $99/year. Premium subscriptions will be introduced later in the year. Only published romance authors are eligible for author accounts. This ensures authors are not competing with non-published authors and increases the value of establishing an author account on Book+Main. Reader accounts are free.



Engaging a global audience

Since launch, Book+Main has engaged over 45,000 registered users, including 3,400+ authors, in more than 150 countries. 

Authors on the platform range from debut authors to New York Times bestsellers. Of the 3,400 authors on Book+Main Bites:

Amazon updates author rankings every hour based on sales. These numbers are based on rankings from March 12, 2019 @ 8 PM.



Our financial models predict the following growth trajectories over the next three years. These financial projections are contingent upon raising at least $600K in 2019 from this and possibly subsequent offerings. 

Please note, Book+Main has a limited history upon which an estimation of the Company's future performance can be made. The Company’s proposed operations are subject to all business risks associated with new enterprises.  The likelihood of the Company’s success must be considered in light of the problems, expenses, difficulties, complications, and delays frequently encountered in connection with the expansion of a business, operation in a competitive industry, and the continued development of advertising, promotions and a corresponding customer base.  There is a possibility that the Company could sustain losses in the future.  There can be no assurances that we will operate profitably.

As seen in:


Rakuten Kobo features interviews with bestselling authors and industry experts. who share practical advice you can use to improve your writing and sell more books.

Kobo interviewed our CMO, Melissa Saneholtz, about her journey in this industry and the important role a virtual assistant can play. Having worked one-on-one with a New York Times bestselling author as a virtual assistant {as well as 150+ other authors in a variety of roles}, she was able to shed light on the career path one can take and the knowledge one can gain working your way up through this industry. You can listen to the podcast here.



Book+Main is a go-to platform for romance enthusiasts

Book+Main is loved by both authors and readers alike. For authors, Book+Main provides a platform for their work to be discovered and purchased from both current and new readers. This gives readers direct access to their favorite authors and opportunities to explore and discover other great reads and authors in the genre.



The perfect mix of discoverability and community—because one without the other is not enough

It is also important to note that many platforms censor content, not only images, but words as well. While we do not allow nudity, we are an 18+ site and we do allow risqué imagery. We do not censor explicit language. We believe an author should have the freedom to connect with their readers without those restrictions, and readers should have the right to read and see what they deem appropriate. All Bites are given a "flame rating" by the author to denote how "hot" the Bite is. Readers can then select their Max Flame Rating preference to ensure they see what they want and what they don't. The power to choose is in the reader's hands.



Growing our readership and platform

In addition to bootstrapping the first twelve months, Book+Main has raised over $300K from Angels and Friends & Family. With funds raised in this round, Book+Main plans to expand the platform and team as well as dedicate marketing dollars to customer acquisition. We will also provide more resources to readers, including a more robust algorithm for recommendations based on their preferences and activity. We will also develop new, proprietary functionality to connect authors and readers that doesn't exist on any other platform, and flesh out opportunities for Book+Main to be integrated into third-party sites and platforms.



Fall in love with Book+Main!

Together, we can change the romance industry to better connect authors with readers, save them both time and money, and give this massive market a place to call home.

Deal terms


Valuation cap

$6,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Book+Main occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Book+Main is accepting.
Learn more

Funding goal

$1.07M

Book+Main must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Book+Main needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Book+Main, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Book+Main Crowd SAFE Book+Main Form C

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Book+Main.
Invest
$100
Receive
  • Book+Main Bites Investor Badge on Reader or Author Profile
Invest
$500
Receive
  • All of the above, plus mention in our newsletter of over 45,000 authors and readers
Invest
$1,000
Receive
  • All of the above, plus a limited edition Book+Main investor shirt
  • One (1) Lifetime Pro Author Subscription on Book+Main Bites *Pro Author accounts are currently restricted to published romance authors only. Transferable.
Invest
$5,000
Receive
  • All of the above, plus a limited edition Book+Main investor swag pack
Invest
$10,000
Receive
  • All of the above, plus an invitation to an investor dinner with the Founding Team in Chicago (transportation not included)
Invest
$25,000
Receive
  • All of the above, plus round trip airfare (economy class within the 48 states) to Chicago, IL, hotel accommodations (2 nights) and a private dinner with the Founding Team.

Why others invested

See all reviews (0) See all (0)

Book+Main has that rare combination of an exceptional platform and a top notch organizational leadership. I am thrilled to support Book+Main and to share in their amazing story...

Profile picture of Ankur Gupta
Ankur Gupta
Investor
about 6 years ago

Book+Main connects authors and readers in a way no other social forum can; using their own words. Without fear of being blocked or banned, as an author I am able to share content with readers to give them more.

Profile picture of Tracey Jerald
Tracey Jerald
almost 6 years ago

I am a future author in want to invest in my community. Also, I plan to use the author subscription when I publish to expand more audience 💋 As a reader, I love the idea of a more focused book recommendation platform 💖

Profile picture of Kali Brixton
Kali Brixton
Active investor
almost 6 years ago

About Book+Main

Legal Name
Book+Main, Inc.
Founded
Mar 2017
Form
Delaware Corporation
Employees
0
Website
bookandmain.com
Social Media
Headquarters
Google Map location of of Book+Main
222 West Merchandise Mart Plaza , Chicago, IL
Headquarters
222 West Merchandise Mart Plaza, Chicago, IL, United States 60654

Book+Main Team
Everyone helping build Book+Main, not limited to employees

Profile picture of Tracey Suppo
Tracey Suppo
Founder & CEO
Featured in Superheroes · Read
Tracey’s 25-year marketing career includes fashion, cosmetics, live entertainment & real estate. Her most recent role was VP, Marketing at a national commercial RE firm. A lifelong reader, she owns a romance blog/group with 20k+ readers & authors.
Profile picture of Melissa Saneholtz
Melissa Saneholtz
Partner & CMO
10+ years in sales and marketing. 4 years in the publishing industry. Melissa has built a strong network within romance. Under her marketing guidance, many authors have achieved USA Today, New York Times, and countless Amazon bestseller titles.
Profile picture of Kyle Backer
Kyle Backer
COO
With over 15 years of experience optimizing business operations, Kyle effectively increases efficiency through software design and technology management. He directs company operations and product management for Book+Main.
Profile picture of Toni McCarty
Toni McCarty
CFO
20+ years of experience in business finance and accounting. Toni has experience in developing accounting systems, overseeing accounting departments and is responsible for financial reporting and forecast modeling.
Profile picture of Robert 'Bo' Davis
Robert 'Bo' Davis
Acting CTO
15 yrs software development experience. Has overseen technical direction of products supporting millions of users. *Acting: engaged in that capacity, but not formally appointed to the position by the Company and its Directors
Profile picture of Kristy Lapidus
Kristy Lapidus
Chief Culture Officer
Kristy Lapidus has spent the last 16 years consulting with senior leaders on complex digital business projects. She focuses on building high performing teams, optimizing organization design, and guiding the delivery of delightful software, fast.
Profile picture of Bob Cramer
Bob Cramer
Advisor
Profile picture of Beth Cranford
Beth Cranford
Customer Service
Profile picture of Allie Curry
Allie Curry
Android Developer
Profile picture of Matt Evanoff
Matt Evanoff
Front-End Developer
Profile picture of Jess Fadden
Jess Fadden
Promotions Manager
Profile picture of Mike Halerz
Mike Halerz
Digital Media
Profile picture of Dave Henke
Dave Henke
Technical Advisor
Profile picture of Julie Laszczak
Julie Laszczak
Social Media Strategist
Profile picture of Brendan Murphy
Brendan Murphy
Junior Full Stack Developer
Profile picture of Milo Schuman
Milo Schuman
Senior Full Stack Developer
Profile picture of Jessica Wynne
Jessica Wynne
UI/UX Designer
14 more team members
Bob Cramer
Advisor
Tracey Suppo
Founder & CEO
Beth Cranford
Customer Service
Melissa Saneholtz
Partner & CMO
Kyle Backer
COO
Allie Curry
Android Developer
Toni McCarty
CFO
Matt Evanoff
Front-End Developer
Jess Fadden
Promotions Manager
Robert 'Bo' Davis
Acting CTO
Mike Halerz
Digital Media
Kristy Lapidus
Chief Culture Officer
Dave Henke
Technical Advisor
Julie Laszczak
Social Media Strategist
Brendan Murphy
Junior Full Stack Developer
Milo Schuman
Senior Full Stack Developer
Jessica Wynne
UI/UX Designer

Press

An Interview with Tracey Suppo, Book+Main's Co-Founder & CEO
Bu Bu
·
Aug 8, 2019

Inthis day and age, an online interview doesn't seem so odd. And when you hear about who we interviewed, it will make eve...

Tracey Suppo, Book+Main
Republic Republic
·
Aug 6, 2019

How did you get introduced to romance fiction? My mom has always been an avid reader and when I was 11, I saw a copy of W...

Startup Showcase: CEO of Book+Main, Tracey Suppo
WGN Radio - 720 AM WGN Radio - 720 AM
·
Jun 17, 2019

Tracey Suppo is the CEO and co-founder of Book+Main. Tracey's 25-year marketing career includes fashion, cosmetics, live ...

Book+Main Wants to Help Romance Readers Find Their Next Book
AmericanInno AmericanInno
·
Jun 13, 2019

To help romance novel readers discover new authors and books, a Chicago startup has created an online platform to connect...

Tracey Suppo of Book+Main
tastytrade.com - A Real Financial Network tastytrade.com - A Real Financial Network
·
Apr 24, 2019

Book+Main is a startup that has created a mobile-first platform that's changing the way readers find books and authors fi...

Book+Main helps readers find and sample exactly what they...
Happy Ever After Happy Ever After
·
Dec 30, 2018

Romance readers like myself are typically devoted bibliophiles, and they're often in search of their next book as soon as...

Frank Fontana and Kathy Hart Show | Full Show 11/11/18
WGN Radio - 720 AM WGN Radio - 720 AM
·
Nov 12, 2018

This weekend Frank and Kathy were joined on the air with Jennifer Rudolph Walsh. Walsh serves as the head of WME's Worldw...

1871 Announces 10 Companies Joining Fall WiSTEM Cohort
1871 1871

1871's eighth WiSTEM cohort will features 10 women-led businesses. To date, the 12-week program has graduated 88 companie...

Show all
Logo of Book+Main

Book+Main

Book+Main successfully raised $114,858 from 355 investors on August 31, 2019
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Profile picture of Frances Cross
Nicole, Georgina, Dee, Arthur H, Frances, and 350 others invested. 76 Reviews
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