Visual Publisher Graphicly Raises $1.3M And Gets A New CEO As Co-Founder Steps Down To Focus On Product | TechCrunch
Summary
I asked Baldwin why the second funding round and he said that they expected the growth in subscribed publishers to be “more linear.” Now they’re raising more money to sustain that growth and pull the string on other efforts like an embeddable YouTube-like widget that displays book trailers, provides a conduit for publishers to reach out to readers regardless of platform and allow them to share that info. About 10 percent of its publishers are using it and it’s seeing more than 1 million page views a month all with little attention given it in a year, and the company appears to have big plans for it. “When Micah approached me about becoming CEO of Graphicly,” says Fox, “I was excited about the opportunity to provide software to an industry that was traditionally very old school, and really make a difference. eBooks are exploding, and while that is certainly our core business, I share Micah’s belief that the elimination of paper, the creation of simplified distribution and a deeper connection to the consumer will drastically accelerate creativity.” Baldwin says that the company is on pace to double revenue year-over-year (revenue that he tells me is in the millions) and that it’s doubled the number of publishers that it serves in under 6 months. Graphicly says that it has served over 10,000 publishers, including Scholastic, Warner Brothers, University of Texas Press, Marvel, Random House, Peanuts and Dark Horse.
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