but wowed. Point cleared $34,729 in total, after deducting expenses from $107,000 income.
The second phase was funded by Brøderbund Software. Brøderbund, a software publisher firmly established in the educational market for personal computers, was willing to bet that their future would involve CD-ROM. We had a half-finished product they respected. They gulped, put money where their dreams were, and signed over a $100,000 advance to complete the Electronic Catalog. “Advance” means that they paid us (in installments as work was completed)
in advance of the royalties we could expect to earn from sales of this disc. If the Electronic Catalog was successful and sold more than about 8,000 discs then we would earn royalties beyond our