Best Platform for Authors and Investors - Essay Example

Backers get 50%, authors 40% and CrowdBook gets the remaining 10%.

With CrowdBook, Authors' books are published in a unique way. It is ready to raise potential authors from the ground level and watch them grow by connecting them to backers who CrowdFund them. In an interview with R.J.Huneke, an Author explains that the company wishes to see investors involved in book publishing in the future.

CrowdFunding is a system of collecting funds in which backers support a project till completion. R.J. Huneke continues to say that he had worked on his novel, Cyberwar, for a year, and for the past five months he had reached more than 300 agents who worked in thriller/commercial but all said they couldn’t take a risk at that time with a debut novel.

Once in the distribution, the Backers receive awards established by the authors. Just like any other title, risky projects get published and marketed if they get public support to prove an adequate audience base. Investors win, CrowdBook wins, and the author wins.

 What really captivates me about the company is that they ensure the creativity, and quality of books remain high and captivating. A core value kept by John Q. Smith [company co-founder] who believes the key to keeping Ingram and distributors happy is by ensuring high quality is maintained by correctly handling their projects.

Crowd books are very thorough and easy to deal with, on the other hand, they give the authors various ideas on how to go about their work and still remain flexible to give the authors ample time to brainstorm on how to frame the pitch of their work. CrowdBook has very simply laid out rules that ensure the book's ownership right remains to the author.

Over the past three weeks, the CrowdBook has plunged to a 20% step high. The investors are streaming in, and various projects funded. Normally, there is a 60-day period to venture in to avoid missing out on such a great opportunity. The organization is determined to impress with its set high standards.