Book+Main

Book+Main

Literary matchmaker for readers and authors

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Security Type
SAFE
Categories
Other
Min Investment
$100
Location
Chicago, IL
Offering Date
May 01, 2019
Expected Close Date
August 31, 2019
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 20%

Company Description

Literary matchmaker for readers and authors

Perks

Invest $100 - Book+Main Bites Investor Badge on Reader or, Author Profile
Invest $500 - All of the above, plus mention in our newsletter of over 45,000 authors and readers
Invest $1,000 - All of the above, plus a limited edition, Book+Main investor shirt
Invest $5,000 - All of the above, plus a limited edition Book+Main investor swag pack
Invest $10,000 - All of the above, plus an invitation to an investor dinner with the Founding Team in Chicago (transportation not included)
Invest $25,000 - 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.

Key Deal Facts

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

Use of Proceeds

Marketing and Customer Acquisition, Technology Enhancement, Platform Development, General Operating Expenses

Management Team / Advisory Board Bios

Tracey Suppo
Founder & CEO
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.

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.

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.

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.

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

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.

Deal Notes

Discount: 20%

Amount Raised : $108,559
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Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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