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Smashwords
Smashwords (Smashwords, Inc.), based in Los Gatos, California, is an e-book distribution platform founded by Mark Coker for independent authors and publishers. The company began public operation in 2008.
Smashwords is a self-serve publishing service. Authors and independent publishers upload their manuscripts as Microsoft Word files to the Smashwords service, which converts the files into multiple e-book formats for reading on various e-book reading devices. Once published, the books are made available for sale online at a price set by the author or indie publisher. Smashwords does not use DRM.
==History==
Coker began work on Smashwords in 2005 and officially launched the website in May 2008. Within the first seven months of launching, the website published 140 books.〔("Book Value" ) ''Forbes''〕 Due to initially low profits, Coker switched to a distribution model that offered retailers a "30% commission in exchange for digital shelf space".〔 Smashwords achieved a profit in 2010 and has partnered with Apple, Barnes & Noble, Kobo, and Sony.〔 Smashwords also uploaded books into KDP, Amazon.com's e-book publishing website, but until February 2014 no longer offered the service, due to a falling out with Amazon. As of February 2014, limited distribution to Amazon via Smashwords resumed.
In 2012, Smashwords announced that it would potentially partner with 3M Cloud Library, which would allow for the option for their authors' books to be available in libraries,〔(3M’s Tom Mercer Discusses Smashwords Partnership at BEA ) Good E-reader〕 and that it had reached about 127,000 titles by 44,000 authors.〔(Smashwords Counts 127K Titles & Projects $12M in Revenue This Year ) GalleyCat〕 The company later reported that, at the end of 2014, unique titles had grown to 336,000 from over 101,000 authors.
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