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Lastly, given our Boston location, it isn’t surprising that seven investments were Boston-based. The internet continues the disintermediation of content creation. This is hardly a unique investment category, but that’s because the shift in how software is purchased and delivered has been so fundamentally transforming.
One is that they don’t want authors to know how many copies they sold, so that they don’t have to pay all the royalties due the authors. Every book published in the United States that’s offered for sale through bookstores or Amazon must carry an ISBN number and bar code. Second, they’re embarrassed by how few copies most books sell.
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