McCormick: Book in a Box is bootstrapped, debt-free, and highly profitable
JT McCormick · 790: Book in a Box Passes $11.3m in Revenue, 500+ Authors · Sep 22, 2017 · at 9:12
JT McCormick, CEO of Book in a Box, discusses the company's financial discipline and contrasts it with venture-backed startups.
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“We as book in a box have no debt, no loans, no private equity, no VC money, and we are extremely profitable.”
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More from JT McCormick
McCormick: Anyone can buy their way onto a bestseller list
“Of course it is. You've got a lot of people out there who actually do it. So yeah, it's, as we've always said, you can buy anything. So yes.”
McCormick: The gig economy treats freelancers like migrant workers
“I have found that in the gig economy for freelancers, many of them are treated like migrant workers, and that's complete bullshit.”
McCormick: Book in a Box claims quality parity with Random House
“No, these books you can set on any shelf, and in fact, some of them are on the shelf at Barnes & Noble, and you would not know the difference if it was Random House or Book in a Box who published the book.”