Interview With Publishing Crowdfunder Pentian CEO Enrique Parrilla
How is Pentian different from Pubslush or Kickstarter? Crowdfunding
sites like Kickstarter are finance companies who are invested in seeing that
they get paid a 'financing' fee. They take 5% as their 'cut' for raising money,
and then another 3-5% is taken to pay the credit card processor, so up to 10%
of the funds raised are paid upfront as 'fundraising costs' before the projects
see any support. Once the funds are raised, the campaign 'backers' do not
benefit directly from the success of the book. With Pentian, the backers are
putting up funds for both the satisfaction of seeing a work published, and to
benefit from the financial success of the book as the funds they allocate to a
publishing project will entitle them to benefit from the sales of the work once
it is published. Pentian does not take a 'financing' fee like
Kickstarter. Moreover, with Pentian authors receive 40% of the profits
from the sales of their works, which is several multiples higher than what they
receive from the traditional publishing industry. It is a win-win
situation - not only do the authors get to raise the funds necessary to publish
their works, they get to keep a much higher percentage of the profits their
work generates.
What progress has Pentian made since its launch last year? Because
of our unique model that aligns authors and backers interests in a
straightforward and fair model, Pentian has been very successful in raising
more money for more authors than any other crowdfunded publishing site.
Today we are seeing a publishing campaign reaching its goal almost every day,
meaning more great works from more authors are coming to the market than would
have been possible otherwise.
How does your system assess up to 400 manuscripts s day? We
have a dedicated teams of editors and curators that focus on ensuring a
diligent process for evaluating each work quickly and efficiently. Moreover, we
have developed a unique system that uses technology to help us evaluate books
faster, and predict more accurately how successful each work will be.
This combination of people and technology is one-of-a-kind
in our industry, and is a key differentiator between how we operate Pentian vs.
every other publisher out there.
Where do you see self-publishing heading? Up. There
really is no other publishing model that provides such a democratic approach
and allows authors that were previously left out of the publishing world, to
have a shot at having their work make it onto the world's stage.
Did You See These Posts?
March In A Parade For Authors: Our True Heroes
When Books Can Talk To Us At Book Expo America
Drink Up At The Book Pub Crawl And Get Drunk On Books
Book Marketing Advice You Fin On A T-Shirt
Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2015
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.