Hmm...the not-quite-as-confusing part is evidently not working.Booktrope on their website said:Libertary has changed its name to Booktrope. Why? We needed a name that better reflected our business direction and wasn’t quite as confusing.
70% of book revenues goes back to the Creative Team – royalties are paid monthly
Booktrope, a Seattle-based startup with a platform and service for book authors, has raised $1.2 million of a planned $2.3 million funding round, according to a new filing with the U.S. Securities and Exchange Commission.
Booktrope’s approach to publishing — which it calls “team publishing” and some call hybrid publishing — provides authors with editorial, promotion and distribution services for both eBooks and paper books, working on its Teamtrope platform in small groups that share in revenue. Booktrope says 70 percent of book revenues go back to the creative team, and there are no up-front fees.
I was told that much of the marketing/promotion, to include web presence and comprehensive social media involvement, was still the author's responsibility. I was never very clear on what marketing/promotion they (as opposed to the author) would actually do. It appears the Book/Project Manager role (often the same person) is more of a "coach to the team" relationship. Royalties are derived from "net profits" less "costs". Is this still the case?