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Content is critical, but not enough
      The “Book as a Service” approach
Justo Hidalgo, Chief Product Officer
          @justohidalgo
paywalls
Rules are broken
Will people pay for your
        content?
NO
(sorry)
Extremely high quality and
  differentiated content
Impressive brand recognition
No windowing
Tough, ah?

             ?
Classic content-focused business
             model
Content is not enough
FREE CONTENT                    PAID
                              CONTENT




               many
                      1
But it is still key
Freemium

READERS   FREE ACCESS   WANT MORE?
          TO CONTENT
Not enough
Content is not enough
FREE CONTENT                    PAID
                              CONTENT




               many
                      1
BOOK AS A SERVICE




       API
= cloud + social + freemium
On the cloud
Social
Freemium

FREE
Freemium

FREE   WANT MORE?
Why



1. Product            3. Control




2. Marketing         4. Income
HTML5   Web   iPad app
Why > Product
Why > Marketing
Why > Control
■ Additional revenue source

               ■ One answer to
                 cannibalization concerns

               ■ Low risk
Why > Income
Press Coverage
Milestones
2011        Q1        Q2        Q3        Q4

Users       10,000    25,000    37,500    50,000

iPad Apps         -        -    15,000    30,000

Facebook    10,000    25,000    25,000    25,000
Fans
Twitter     1,500     3,000     3,500     4,000
Fans
Pages       120,000   350,000   550,000   800,000

Books       500       1,500     2,750     4,500
Catalog
Rowing constantly
Multi-device, social cloud reader

Brand recognition

More than 50K users, on the way to 75K

Number of pageviews up month after
month

Bestselling titles already

Seedcamp London 2012 winners
Wanna know more?
O'Reilly Radar - Getting the content out there
isn't enough anymore
• http://radar.oreilly.com/2012/01/subscriptions-
  paywalls-freemium.html


O'Reilly Radar - Books as a Service: How and
Why it works
• http://radar.oreilly.com/2011/07/books-as-a-
  service.html


24symbols
• http://www.24symbols.com
• http://24symbols.com/docs/FAQ24symbols_en.pdf
Thanks




Justo Hidalgo
jhidalgo@24symbols.com
@justohidalgo
www.24symbols.com

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