There’s been a lot of discussion about self-publishing books, but what about crowdfunding? Online publisher Unbound is proving it could work and has already raised over £1 million and funded 54 books. The model itself couldn’t really be any simpler – “the author pitches an idea and if enough readers support it, the book goes ahead. Once it has been printed, the book’s net profits are then split 50/50.”
On Friday, Tumblr rolled out its new “highlighted post” feature. The move is a new way to monetize the site’s content, but it’s not the only new initiative taken up by the site. As of last week, two writers have been hired by the Tumblr staff to document, well, Tumblr. (And speaking of all of this, you should totally check out my list of the best literary Tumblrs.)
“Born Guan Moye, he chose his pen name—“Don’t Talk”—to honor his mother’s caution against talking too much and in sardonic recognition of his failure to heed her warning. Yet I have been struck by his quiet and unassuming presence at literary conferences in Beijing, where he offered kind encouragement in private meetings but evinced a shy persona in public.” On the contradictions of last year’s Nobel laureate, Mo Yan.