Sell Shares in Your Book?

I read this article about writer Tao Lin in my local newspaper today: True stories invented: author Tao Lin at work. I know nothing about Tao Lin or his work, but he did come up with a rather innovative way of raising money to support the writing of the book - he sold shares in it in exchange for the percentage of the profits. Rather than patron(s), he had investors. It is an intriguing idea. 

Would you sell shares in your book in order to raise funds?



Comments

  1. Eric BakerSeptember 14, 2010 at 8:35 PM

    I don't think that I would. I don't think that I would ever write one that would ever require that much financing. Plus when you sell shares you lose a fair amount of control over the material / business. I suppose if one wanted to write one which required travel or paid access to private resources, etc (and one didn't have a publisher already footing the bill) then sure, it is a very novel idea. (Forgive the pun!)

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