Blinkreads Presentation

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BlinkReads presents a new reading experience for eBooks and Articles …

BlinkReads presents a new reading experience for eBooks and Articles

We convert traditional boring eBooks to To eBooks that look fresh, dynamic, social and more fun to read on Mobile and Tablet

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  • 1. BlinkReads.com Mobile Visual Reading
  • 2. What Is BlinkReads? BlinkReads presents a new reading experience for eBooks From boring eBooks To eBooks that look fresh, dynamic, social and more fun to read on Mobile and Tablet
  • 3. Team • Ahmad Takatkah, CEO & Marketing – https://www.linkedin.com/in/vcpreneur • Hamza Jilani, COO & UX – https://www.linkedin.com/in/hamzajilani • Shiraz Shrairi, CTO & Design – https://www.linkedin.com/in/shireo
  • 4. Customer Pain • Words were originally graphic! 1. Pictographic (directly represent an object or a concept) 2. Ideographic symbols directly represent an idea or concept 3. Logographic symbol represents a word 4. Syllabic: symbol represents a syllable 5. Alphabetic: symbol represents an elementary sound
  • 5. Customer Pain • Numbers were originally graphic!
  • 6. Customer Pain • As we continue to evolve, Writing becomes more abstract and complex: 1. 2. Circle 3. R2=X2 + Y2 • Thus, we went back to Visualization! – We invented: Maps, Diagrams, Charts, Flowcharts, Sketches, Design Models, etc.. – We applied that to: Science, Education, Manufacturing, & even to Literature (Comic books) – Then we invented Info-graphics and Video-graphics to view information and big data in a meaningful way. • But what about Books?! Specially nonfiction books. • They were and still too long, and they need so much time to read and understand. – We invented: Audio Books, eBooks, then the Interactive eBooks (with links, animations and videos). • But still, this doesn’t make us read more faster in our Knowledge Age that is exponentially accelerating! • This doesn’t help us to quickly summarize the book and memorize it’s concept! • This doesn’t give us the Big Picture of the Book in a Blink!
  • 7. Solution • We’re simplifying the book reading experience through creative visuals. • We’re enabling people to get this new experience on the go (Mobile), and share the reading experience with others (Social Reading). • We’re creating a new disruptive navigation experience for books based on visuals (mindmaps, infographs, material cards, diagrams, sketches, etc… ) • We’re redesigning books to become: – Dynamic: (animated, zoomable, expandable, clickable, with rich media) – Interactive: (2-way communication, Authors and Readers can communicate via ) – Social: (Readers can read together live, discuss topics on the spot, share quotes and comments) – Analytical: (for the first time, books will have analytics just like websites and apps)
  • 8. 2013 Publishing Market Overview • US Book Publishing Industry Revenues: – $27.01 billion • $12.38 billion from Textbooks • $14.63 billion from Trade Books – $7.12 billion from Physical Stores – $7.54 billion from Online Stores » $3.64 billion from Print Books sold online » $3.9 billion from eBooks sold online • Number of Sold Books: – 2.59 billion books • 0.27 billion Textbooks • 2.32 billion Trade Books – 1,808,000,000 Print Books were sold in 2013 – 512,000,000 eBooks were sold in 2013
  • 9. eBooks Market Growth • Revenue from eBooks – 2008: 1% of all trade book revenue – 2010: 6% of all trade book revenue = $0.869b – 2011: 17% of all trade book revenue = $2.1b – 2012: 23% of all trade book revenue = $2.6b – 2013: 27% of all trade book revenue = $3.9b • Number of sold eBooks: – 2008: 10 million eBooks were sold – 2010: 125 million eBooks were sold – 2011: 388 million eBooks were sold – 2012: 457 million eBooks were sold – 2013: 512 million eBooks were sold
  • 10. Self Publishing Quick Facts • 2012 – Self Publishing increased by 59% over 2011 • 2014 – Avg. Book Rating Comparison • Self-Published eBooks 4.35/5 • Major Publishers eBooks 4.12/5 – Avg. Selling Price Comparison • Self-Published eBooks $3.5 • Major Publishers eBooks $7 – Best Sellers • 35% of bestsellers eBooks were self published • Future: – In less than 5 years from now, self-publishing is expected to become 50% of eBooks market size
  • 11. Digital Reading Devices Quick Facts • 2014 Owned Devices: – 58% of Americans own a smartphone, – 42% of Americans own a tablet – 32% of Americans own an e-reader • 2014 Preferred Reading Devices: – 44% of e-book readers prefer a tablet to read ebooks, • Up from 37% in 2012 – 42% of e-book readers prefer a dedicated e-reader device, • Down from 49% in 2012 • 2014 Mobile Reading: – 32% of e-book readers read books on their smartphones – 23% of youngsters read fiction on their smartphones
  • 12. Market Acquisitions 2014 • 2014: • Booklr by Vook (eBooks data tracker and analytics) • BookLamp by Apple (Smart Book recommendation engine & Store) • Bookish by Zola (collaborative filtering recommendation engine & Store for Books) • ReadMill by DropBox (Social eReader App & Store for iOS and Android) • ComiXology by Amazon (eReader & Store for Comic Books with Social Tools) • Graphicly by Blurb (eBooks creator/eReader & Store for illustrated books, such as comics, graphic novels and children’s books) (Acquihire) • Worth Mentioning from 2013: • SubText by Renaissance Learning (Interactive eReader for Students/Teachers) • BetterBook by Inkling (Interactive How-To Guides Builder and eReader) • GoodReads by Amazon (Social network for book readers / Social Reading)
  • 13. Amazon Acquisitions 1998 1999 2003 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Web Analytics On-Demand Publishing, self publishing, Books eReader on PDAs Electronics Social Review Site, Audio book publishing Book eReader App for iPhone, Online Fashion Store, Mobile Marketing Social Commerce Store, UK's leading IPTV, speech recognition Social network for book readers, Mobile screen tech, Text-To- Speech, Payment Database for books, movies, and music Online Music Store Online Fashion Store, Payment Online Audio Books Store, Used and Rare book Store, Social/Digital Book Shelves, Film Distribution Management, B2B Fabrics wholesalers, Games Online Social music Store for indie artists, online baby-care Store, online discounts Store/group buying, Touch screen Tech Europe's top Online VoD Store, Online Store for training course, 3D Maps, robotic inventory management eReader and Online Store for Comic books, Games Store , Social, eReader What would be most likely acquired? 5 years old, resourceful, and not highly funded startups (<$10m)
  • 14. ComiXology Case • Marketplace for Comic books • Patent-pending Guided View Technology Allows readers to read through comics from panel-to-panel, mimicking the natural movement of the eye. • History: • Started in 2007 • Called iTunes of Comic books in 2012 • Acquired by Amazon in 2014 • Funding History: • Unknown Seed • $150k in Feb. 2010 • $400k in Jan. 2011 • $500k in Aug. 2011 • $2.4m in Jun. 2013 Store , Social, eReader
  • 15. Market Business Models • Retail Model: Sell eBooks for commissions • Examples: Amazon, Barnes & Noble, Google Books, iTunes Books, Zola, ComiXology, etc… • Streaming Model: Sell Monthly Subscriptions to access eBooks • Pay the author a fixed amount upfront then per read • Examples: Scribd, ByLiner, oysterbooks, Safari Books, Kindle Unlimited, etc… • Dynamic Pricing: • Starts with $1 then price increases with more sales • Example: ScrewPulp • Pay As You Go: Sell per Read Pages only • Examples: TotalBoox • Freemium: • Free for readers • Free for publishers with Ads // Paid monthly fees with no ads • Examples: Issuu, Joomag
  • 16. BlinkReads Pillars • New Reading Experience: – We revolutionize traditional boring eBooks to look fresh, dynamic and more fun to read on the go. • Interactive Social Reading and Authoring: – We enable authors to communicate with readers while reading their ebooks – We enable readers to communicate with each others while reading ebooks – We enable people to co-author ebooks together • Disrupting The Publishing Industry with our Marketplace: – We treat every ebook as if it’s an independent App within our eReader App. – Every ebook has it’s own navigation, design, theme, interactivity, etc… as per the author’s creativity. – We empower Authors to sell their eBooks in multiple business models all in one Marketplace – We offer Readers to multiple options to get access to innovative ebooks and articles
  • 17. Reader Features • Thinking of the eBook as an App enables us to offer unprecedented features: – Blink eBooks have specially designed animated navigation to make them easier to read on mobile and tablet. – Readers can jump from part to part without missing on the big picture. – Readers can interact with the Authors while reading the book through participating in questionnaires, quizzes, games, etc… – Readers can share ebooks internal media, questionnaires, quizzes, games, etc… on social media and invite friends to participate – Readers can live chat about content with friend, share notes & comments, and rate & review ebooks and Authors and share all this on social media – Readers can join the Authors’ initiated reading sessions and chat with the Authors while reading their books. – Readers can initiate their own reading sessions and invite their friends to read together. Friends can see where their friends have reached in the book. – Readers can leave messages to authors on the book in general or in specific sections at anytime. – Readers can divide ebooks into reading sessions based on their reading habits (15, 30 minutes, 1, 2, 3 hours, etc…) – Readers can view their own personal reading analytics – Readers have the choice to read free eBooks, buy premium eBooks or subscribe to an interest bundle to access unlimited related ebooks
  • 18. Author/Publisher Features • We work with both: – Self-publishers: who can choose from our (and third party developers) smart eBook creators and themes to self-publish their eBooks on our Store – Major publishers: whom we help in converting their existing eBooks to our new reading experience. • Thinking of the eBook as an App enables us to offer unprecedented features: – Authors can show their ebook trailers on our BlinkStore – Authors can collaborate in writing their ebooks on the cloud – Authors can add sound effects, videos, animations, links within their ebooks – Authors can start public discussions with readers and group reading sessions – Authors can get messages and comments from their readers while reading their ebooks – Authors get analytics dashboard to get more insights about their ebooks and readers: who read their book, where, when, what parts where more interesting and have more active discussions, what parts encouraged more interaction with the author and other readers, what parts where shared more and when, etc…
  • 19. Service Providers API • Thinking of the eBook as an App enables us to open the door for unprecedented support services to Authors by third parties service providers such as: • Developers • Designers • Marketers • Editors Who can build: • eBook Themes • inBook Apps – Surveys, questionnaires, games, chat, analytics, etc… • Author Support Apps – Editing – Branding and Marketing utilizing our Blink-API to help Authors create better experience for their readers.
  • 20. BlinkReads Business Model • Authors/Publishers can sell their Book apps in our store • Users can buy the ebook and download it to their Blink eReader on their phones • We get 30% of eBooks revenues • Authors/Publishers can place ads when they offer their book apps for free • Users can not download the ebook to their Blink eReader on their phones, but they get reading access • We share the ads revenue • Authors/Publishers can include their book apps in a Topic Bundle for monthly subscription • Users can not download the book app to their Blink eReader their phones, but they get reading access to all books on the selected bundle • We get 30% of eBooks revenues
  • 21. Competition • Well VC funded market including: Sequoia, Canaan Partners, Foundry Group, YCombinator, and many Angel Networks. • Great innovation in short-form entertainment content – E-Magazines – Short Stories for Kids • Great innovation for professional books: – Textbooks – Scientific Books – Corporate Internal Books/Manuals • Great innovation in Business Models • Poor innovation in nonfiction long and short form (books and articles)
  • 22. Competitors • Blurb – eBook builder for Print and Web - Magazine style – $21.6m in total funding – VCs include: Canaan Partners, Anthem Venture Partners – Founded 2005
  • 23. Competitors • Inkling – B2B Interactive Textbooks and internal corporate manuals – Clients are mainly big publishers of Textbooks and big corporations for manuals and internal training documents and how-to guides – $55m in total funding – VCs include: Sequoia, McGraw-Hill, and many others – Founded: 2009
  • 24. Competitors • Citia – B2B Cards based reading for short eContent to be easy to share on social media – $2.8m in total funding – VCs include: New York Angels – Founded: 2011
  • 25. Competitors • SubText – Adding an interactivity layer on top of students existing eBooks – $3m In total funding – VCs include: Google Ventures, Mayfield Fund – Founded: 2011
  • 26. Competitors • Tablo – Online platform for creating and publishing traditional e- books – $420k in seed funding – VCs include: Y-Combinator, AngelCube – Founded: 2012
  • 27. Competitors • Kotobee – Educational interactive eBooks – Founded: 2011
  • 28. Competitors • Kitaboo – B2B Educational and Corporate interactive eBooks – Launched: 2014 by Hurix Systems
  • 29. Competitors • Touchpress – B2B Video and Interactive short content for iPad and iPhone – Founded: 2010
  • 30. Competitors • Inkle – Story Telling with scenario options based on readers selections – Founded: 2011
  • 31. Competitors • BoookApp – Creates 3D images/characters for existing kids books – Founded 2013
  • 32. Competitors • Visual-Editions – Publisher of visual print books – Founded: 2010
  • 33. Start Lean • Before developing our ebook creator, themes, API, and before contacting third party developers we will: – Contact a few well-know editors/Authors of long articles and short ebooks and get their permission to reintroduce their writings in our new designs – Start with custom design and development for initial articles/ebooks – Develop a minimal eReader to enable readers to view the initial articles/short ebooks. – Launch in Closed Beta as a new creative eReader without all other features. • Measure the articles/short ebooks performance and customer feedback, then accordingly start to: – Develop our own eBook creator – Contact third party developers to create Author/Reader support apps and themes. – Add some social features – Contact a few Indie-Authors to experiment with our ebook creator and third party apps. – Work hand-in-hand with selective authors to publish their ebooks on our Store – Launch in Open Beta and work hard on promoting selective ebooks
  • 34. Funding Requirements (1stQ) • $50k 20% 0% 0% 30% 40% 0% 0% 10% Effort Distribution Reader App D&D Book Builder D&D API Development Books Prodcution Consumer Marketing Tests Auther Marketing Tests Developers Marketing Tests Others 45% 10% 35% 10% Use of Proceeds Human Resources Facilities and Utilities Marketing Others
  • 35. Funding Requirements (1stY) • $500k 10% 20% 0% 20% 30% 10% 0% 10% Effort Distribution Reader App D&D Book Builder D&D API Development Books Prodcution Consumer Marketing Tests Auther Marketing Tests Developers Marketing Tests Others 40% 10% 40% 10% Use of Proceeds Human Resources Facilities and Utilities Marketing Others
  • 36. Funding Requirements (2ndY) • $3m 10% 10% 15% 5%30% 15% 5% 10% Effort Distribution Reader App D&D Book Builder D&D API Development Books Prodcution Consumer Marketing Tests Auther Marketing Tests Developers Marketing Tests Others 30% 10% 50% 10% Use of Proceeds Human Resources Facilities and Utilities Marketing Others
  • 37. Thank You