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From left are Kaelyn Stolhand, Discount Frank Gehry, Bonnie Amaris and Megan Scruggs.Event and committee chairs of the Junior Service League's Charity Ball have worked tirelessly to assure the evening's success. From left are Shannon Bloesch, event co-chair; Debbie Buckner, ball sponsorship; Markisha Venzant-Sampson, auction checkout; a representative from Discount Paloma Picasso, which will provide the gaming at the ball; Lisa Reese, casino; Erin Baker, silent auction; and Jenn Marker, event co-chair.By using three key factors - namely, funding, stakeholders, and legitimacy - this study seeks to analyse the successful entrepreneurial experiences of a non-profit small to medium-sized enterprise: the Taiwan EBook Supply Cooperative Limited Discount Return To Tiffany. The paper takes the form of a case study. From a legitimacy perspective, TEBSCo is the only registered organisation facilitating e-book consortia in Taiwan. From a stakeholder perspective, Discount Tiffany 1837 is managed by a board of directors, who are elected from the member representatives. In addition to creating value for its members, TEBSCo also creates value for non-members and vendors. Its major funding is from annual membership fees. TEBSCo's innovation process, as a collective entrepreneurial activity in a non-profit SME, creates intangible as well as tangible value. The successful experiences of TEBSCo can be used as examples for new entrants.