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In principle you're correct. But ultimately the all powerful VC backers will ask for monetization or "increased margins" or whatever, which will erode the good
by __lbracket__ 3y ago
In principle you're correct. But ultimately the all powerful VC backers will ask for monetization or "increased margins" or whatever, which will erode the good deal for authors, as it always happens. Not being preachy, but personally I run away as far as possible from "startup" products. They eventually turn to shit.
- gnicholas 3y agoWhy do they need VC backing? They aren't paying advances to authors up-front, and paying royalties later doesn't require a bankroll of investment (you only have to pay it after the revenue comes in). They would need funds to pay for actually printing the books, but even this should be doable with their existing investors (which includes former publishing CEOs and big name authors) and bank loans. If this were VC-backed I'd feel differently, but as it's described it sounds like a great option for authors who want to take a risk on themselves.
- __lbracket__ 3y agoMy bad. I just read "startup" and got triggered. You framed it well. If they dont take VC money and control their greed, i guess it may turn out to be a good model.