# Next Big Idea Club

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/next-big-idea-club

- Industry: Internet
- Headquarters: New York, US
- Website: www.nextbigideaclub.com
- Latest round: Seed (Jan 7, 2016)
- Investors on record: 9

## About

Next Big Idea Club provides a subscription service delivering curated nonfiction books focused on personal and professional development, fostering learning through exclusive content and community engagement.Next Big Idea Club, founded in 2015, operates as a subscription service delivering curated nonfiction books. The company is headquartered in New York, US. It was co-founded by Christopher Chaput, Michael Kovnat, Panio Gianopoulos, and Rufus Griscom, who serves as CEO. The company has completed 4 deals to date, with the most recent deal occurring on August 26, 2020, during which it raised USD 1.33 mn in VENTURE DEBT funding.Next Big Idea Club offers a subscription-based service delivering curated nonfiction books across various fields, including psychology, business, and personal development. The core product is the membership, which provides access to hardcover books, eBooks, and audiobooks, along with exclusive content like audio summaries and video courses. The service caters to individual readers as well as educational institutions and corporate clients, primarily shipping to the US and Canada while offering international options through digital formats and flexible Express Memberships.Next Big Idea Club generates revenue mainly through subscription memberships, which are tailored for individuals, companies, and educational institutions. Members pay a recurring fee for access to curated content, including hardcover books and the Next Big Idea app, featuring audio summaries and additional resources. The company offers discounts for corporate clients ordering in groups of five or more members, enhancing its value for organizations focused on employee development. Membership pricing varies based on plan selection, which may include physical books, digital content, or combinations of both.Next Big Idea Club plans to utilize its recent funding from the August 2020 VENTURE DEBT financing of USD 1.33 mn to expand its product offerings and market reach. The company is designing new products aimed at enhancing the educational experience and is looking to launch these offerings in the coming year. Additionally, the company intends to expand its membership service into new geographic regions, particularly targeting markets in Europe and Asia by the end of 2022. These initiatives reflect a strategic move to broaden its user base and enhance its service portfolio.

## Funding rounds

- Seed, Jan 7, 2016 — Inovia Capital, Comcast Ventures, Greylock Partners, Greycroft, The New York Times Company Regional Media Group, Betaworks Studio, LLC, Bertelsmann Digital Media Investments, Bloomberg Beta, Funders Guild

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed
- The New York Times Company Regional Media Group — Seed
- Betaworks Studio, LLC — Seed
- Bertelsmann Digital Media Investments (https://capitalatlas.ai/funds/bertelsmann-digital-media-investments) — Seed
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed
- Funders Guild — Seed