By Edward Nawotka, Editor-in-Chief
Today’s feature story looks at publishing startup Crowdscribed.com. The company promises an evolution of the current crowdfunded and crowdsourced publishing models offered by Kickstarter and other similar platforms. Instead of asking a reader to donate money to a book, it asks them to subscribe to it. The model is based on the syndication model for publishing that was once popular in the 18th century.
Over the past few years we’ve written several times about crowdfunded publishing and its popularity is only increasing. Yet there is also a growing wariness among people who have donated to projects that have taken too long to come to fruition or never delivered on their promises. The issue can sometimes be the slow pace of book production or that the campaign was inundated with so much money that the stress of living up to expectations and delivering a larger than expected quantity of product was simply overwhelming.
The wariness has become so acute that, as Crowdscribe’s Scott Klososky notes, “People are beginning to wonder if some Kickstarter creatives are actually just out to steal money.”
I myself have donated to several Kickstarter campaigns for books, but only for projects to which I have a personal connection to the author or creator. And I can’t say my donations have gone past $50 or so. I think of it more like lending a friend money — which as we all know means you’ll never see it again…That said, there are many of you out there who have donated far more.
Tell us, have you supported a crowdfunding campaign for a book? Were you satisfied with the results? And would you do it again? Let us know what you think in the comments.