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Beneath The Ink Net Worth

Beneath The Ink Net Worth: Alex and Sherisse come in requesting $365,000 in exchange for ten percent of the company. The questioning begins once the nature of the enterprise has been described. Mark is curious about the amount of time and money required for the annotating process. The authors use an online interface to actually create the notes.

The firm generates revenue through the sale of licenses to major publishing houses, a membership plan with monthly payments of $12, and a one-time price of $199. They also receive royalties from the sales of their books. Robert wants to know if they have any “major” writers lined up, and the answer is yes, even if they only have 8 novels published so far with Binks.

Beneath The Ink Net Worth
Beneath The Ink Net Worth

Kevin is leaving because he believes that they have only reached the beginning of a long and difficult trip. Mark is no longer interested since he believes that they will only be expanding technology that already exists. Because Lori believes that it is too difficult, she will not participate. Even though Barbara thinks the Binks is quite amazing, she can’t hang out with them. Robert is intrigued by the proposition; nevertheless, given that he believes they are looking for a means of generating income, he cannot participate.

On a regular basis, the Shark Tank Blog offers new information and additional context pertaining to business people who have been featured on the television show Shark Tank. The firm officially changed its name to PageDip on the same day that its first broadcast was scheduled to take place. They changed their business model to become a platform that provides content management tools for subscriptions. They were able to turn a profit shortly after entering the software as a service market. As of the month of April in the year 2022, they are generating a healthy yearly income of $2.5 million.

According to Alex, Beneath the Ink is a digital text technology business that minimizes the prominence of the text in e-books that have extensive amounts of material. Sherisse ensures that the material they supply may be utilized even when not connected to the internet and flows in an intuitive manner with the text that you are reading.

A huge example e-reader that had the text of a book already displayed on it was placed on the stage during the presentation. While he was talking, Alex modified the image. He instructed the Sharks to pretend that they were reading a book, that they came across the name of a character, and that they were interested in learning more about that person. It was seen that the character’s name was highlighted on the screen. According to Alex, all you have to do is tap the person’s name to find out additional information.

He referred to the supplementary materials as “BINKs” (short for Beneath the Ink link). He displayed a few more BINKs, which included a map, a photograph of a place, and a three-dimensional photograph of the Taj Mahal. According to Sherisse, the team’s objective was to make the reading experience more engaging and immersive than that of existing electronic books. She then inquired among the Sharks as to which of them were interested in accompanying them on their expedition Beneath the Ink.

What happened to Beneath the Ink

Mark inquired as to whether or not a BINK-enabled book was required in order to experience the material, and the two affirmed that this was the case. Mark continued his argument by stating that the process of acquiring the rights to each book and then planning out the material must be time-consuming and costly.

He inquired of them about the entire process of annotation, from beginning to end, and asked them to describe it. Alex said that the product they are marketing is an online gateway to which authors upload their manuscripts by dragging and dropping them, after which they may add supplemental materials wherever they see fit. Mark wanted to make sure that the author was the one who put the content in, and Alex confirmed that this was how things worked. Mark was satisfied with this answer.

There is no doubt that the e-book market has mushroomed into a multi-billion dollar industry in a very short period of time. They are written in a manner that is identical to that of a conventional book, with each page containing words and leaving the remainder of the story up to the reader’s interpretation. Beneath the Ink is distinguished from the vast majority of eBooks that are available in digital print by the ability to “fill in the blanks” with supplementary videos, pictures, maps, and material that is more in-depth within a Bink’s Link.

Beneath The Ink Net Worth
Beneath The Ink Net Worth

Sherisse claims that the number of “Beneath the Ink” eBook Authors who make use of this technology has increased by a factor of one thousand during the previous few years. This technology is currently being included by a number of best-selling authors in their eBooks, which provides their audience with a more delightful reading experience overall. Even well-known magazines such as National Geographic are incorporating Binks into their eBooks, which results in a brand-new, three-dimensional reading experience that has never been seen before.

Beneath the Ink was established in Chicago by Sherisse Hawkins, who serves as the company’s CEO, and Alex Milewski. Sherisse earned a Bachelor of Science in Engineering from the University of Arizona, and she has prior experience working for Disney as the vice president of a software development company.

Beneath the Ink Update

Alex had recently graduated from the University of Colorado and had experience in the information technology field at the time. Julia continues to hold the role that she has stated inside the company. In 2016, Alex resigned from his position at the company in order to help create Block 1750 in Boulder, Colorado. Young people with an interest in music are welcome to congregate at this community center, which also houses a dancing school, and they may work together there.

In May of 2012, the two entrepreneurs established the firm, which was first named as Cipher This, and obtained an initial investment of 644,000 dollars from Angel. co, a website that is operated by Barbara Corcoran. After meeting one other through mutual business ties, the two immediately conceived of Cipher This as a way to include word puzzles into e-books. After taking part in a start-up accelerator, they shifted their attention to Beneath the Ink as their primary focus.

Beneath The Ink Net Worth
Beneath The Ink Net Worth

As a result of their participation in a University New Venture Challenge, they were given the opportunity to obtain an investment of $300,000. They were also awarded a grant from the state in the amount of $250,000. However, due to the fact that they were still in the pre-revenue stage of their start-up and had only been operational for close to two years, they had only been able to engage eight authors who self-published their work.

Sherisse informed him that there are three distinct avenues for generating cash. Beneath the Ink offers a licensing approach that may be utilized by educational institutions and big businesses alike who are interested in producing many Beneath the Ink publications. There is a subscription model available for authors working on a smaller scale. That is available for purchase at a cost of $12 per month. In addition to that, there is an export charge that costs $99 for each e-book channel.