|The Payback book was
founded in 2001 on a simple two part philosophy:
Upon leaving his position with Entertainment, Ted saw the need for a discount book that served small towns – or “bedroom communities”. A book that helped families save money at HOME – not after driving a half hour to the nearest city.
In addition, another unique idea was implemented. Payback would give a generous 50% profit ($10 of the $20 purchase price) for every Payback book that a school sells….an unheard of concept in coupon book fundraising (other similar books start at a mere 20% profit).
It was this willingness to develop a true “50/50 partnership” with the local schools - while creating a more local, “home town” book - that led to the success of the first Payback Book market – in Vancouver, Washington.
Now, five years - and hundreds of thousands of dollars raised for Vancouver schools later – the decision to expand the company was made. After much searching, the towns of Boulder County, Colorado were chosen – due to their many schools, active families, growing economy and lively restaurant and shopping scene.