Beneath the Ink Shark Tank Update | What happened to Beneath the Ink after the Shark Tank Pitch?
What is Beneath the Ink? Who is the Founder of Beneath the Ink?
Beneath the Ink is a platform that allows authors to include additional material, such as character backstory, maps, photos, and videos, in the text of their eBooks to enhance the reader’s understanding and involvement.
The added information is referred to as “binks” and can also be used by publishers to advertise other publications by the author or similar eBooks.
The platform does not require internet access and allows for interactive reading by allowing users to highlight text to reveal more information.
It was founded in Chicago by Sherisse Hawkins and Alex Milewski in 2012, with early investment from Angel.co. Alex left the company in 2016 to co-found Block 1750.
What happened to Beneath the Ink at the Shark Tank Pitch?
Alex and Sherisse of Beneath the Ink entered Shark Tank with an offer of $350,000 for a 10% stake in their company, valuing the company at $3.5 million.
The Sharks questioned the time and cost of the annotating process, which is done by authors using an online interface.
The company earns revenue by selling licenses to publishers, charging a monthly membership fee, and charging for exporting e-books.
The Sharks were also curious about how much authors would be willing to spend to BINK their text and how much Beneath the Ink would take from royalties.
Sherisse revealed that they were at the pre-revenue stage and had raised $600,000. However, the Sharks were not impressed with the concept and the pre-revenue stage of the company, and all Sharks decided not to invest. They believed that Beneath the Ink required too much money and had an uncertain road to success.
Beneath the Ink after the Shark Tank Pitch
After appearing on Shark Tank, Beneath the Ink rebranded as Pagedip and shifted its focus to becoming a platform for subscription content management software. The company has been successful in the SaaS industry, generating $2.5 million in annual revenue as of August 2021.
Beneath the Ink Net Worth
The net worth of Beneath the Ink, as presented in the Shark Tank pitch, was $3.5 million, based on a $350,000 offer for a 10% stake in the company.
Beneath the Ink Competitors
There is no competitor identified for Beneath the Ink.
Beneath the Ink (Pagedip) FAQS
What is Beneath the Ink?
It is a platform that allows the author to integrate content into e-books. It consists of a printed material that is enhanced with maps, photographs, 3D imagery, and questionnaires.
The added information or additions are referred to as “binks” by Beneath the Ink. Binks can also be used by publishers to advertise other publications by the author or comparable eBooks.
Who is the founder of Beneath the Ink?
Sherisse Hawkins (CEO) and Alex Milewski co-founded Beneath the Ink, based in Chicago
How much was they seeking in the Shark Tank?
They were seeking $350,000 for a 10% equity share.
Did they get the deal from the Sharks?
They did not get the deal from the Sharks.
Is Beneath the Ink still in Business?
Yes, the firm changed its name to Pagedip on the same day as its inaugural air date. They are currently generating $2.5 million in yearly income as of August 2021.
When was Beneath the Ink aired on Shark Tank?
The season was aired on April 17th, 2015.
Where is Beneath the Ink located?
The firm is based in Boulder, Colorado, United States
What episode was Beneath the Ink featured on Shark Tank?
They were featured on season 6 episode 25.
Do they need to save their work?
No. Pagedip saves their work automatically as they work.
How do they make a Bink?
Making a Bink is as simple as highlighting, clicking, dragging, and dropping.
First, choose the word or phrase that will be Binked. Be mindful of the number of Binks they use; a basic rule of thumb is no more than two Binks each paragraph.
How do they make money?
The firm earns money by selling licenses to major publishers, charging a monthly membership charge of $12 per month, and charging an export cost of $99 per e-book channel.
When was Beneath the Ink founded?
They were founded in 2011.
Is Beneath the Ink private or public Company?
They are private own Company.
What is net worth of Sherisse Hawkins?
Sherisse Hawkins’s net worth is unavailable.
What is net worth of Alex Malesky?
Alex Malesky’s net worth is unavailable.
