{"id":66,"date":"2008-04-26T02:17:04","date_gmt":"2008-04-26T06:17:04","guid":{"rendered":"http:\/\/localhost\/wordpress65\/?p=66"},"modified":"2013-03-17T14:36:42","modified_gmt":"2013-03-17T18:36:42","slug":"publishing-and-venture-capitalism","status":"publish","type":"post","link":"https:\/\/www.grayrinehart.com\/blog\/publishing-and-venture-capitalism\/","title":{"rendered":"Publishing and Venture Capitalism"},"content":{"rendered":"

Sat in on a meeting this week chaired by a partner in a local consulting and venture capital firm, and at one point he made this observation: out of every 1000 business plans they receive, they read only about 100 (“because the other 900 are garbage,” he said), and of those 100, they only fund about 3.<\/p>\n

I told him at the break that those statistics were very similar to the publishing world. Baen, for example, makes it clear to everyone who reads the guidelines that fewer than 1% of the manuscripts are accepted.<\/p>\n

But almost more fascinating was this tidbit: of the 3 business start-ups they fund, they expect to lose money on 2 of them. If they’ve done their research well enough, though — and no doubt they’re very thorough — that last one will make a mint and cover the losses on the other two.<\/p>\n

I don’t think any publishers would willingly take that approach. Some books don’t earn out their advances, true, but I believe most publishers won’t take a chance on a book that they don’t expect to sell through a print run.<\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"pinterest\"<\/a>\"linkedin\"<\/a>\"mail\"<\/a>by <\/span>\"feather\"<\/a>","protected":false},"excerpt":{"rendered":"

Sat in on a meeting this week chaired by a partner in a local consulting and venture capital firm, and at one point he made this observation: out of every 1000 business plans they receive, they read only about 100 (“because the other 900 are garbage,” he said), and of \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,412,390,404,411],"class_list":["post-66","post","type-post","status-publish","format-standard","hentry","category-musings","tag-business","tag-capitalism","tag-economics","tag-editing","tag-publishing"],"_links":{"self":[{"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/posts\/66","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/comments?post=66"}],"version-history":[{"count":1,"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/posts\/66\/revisions"}],"predecessor-version":[{"id":1355,"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/posts\/66\/revisions\/1355"}],"wp:attachment":[{"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/media?parent=66"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/categories?post=66"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grayrinehart.com\/blog\/wp-json\/wp\/v2\/tags?post=66"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}