August 3rd, 2008
Do You Want to Buy Shares in My Book Royalties?
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Twenty five year old ChineseTaiwanese-American author Tao Lin is offering 60% of the US royalties of his forthcoming untitled second novel as shares (via Freakonomics) –
I am selling 6 shares (each of 10% of the U.S. royalties of my second novel) for $2000 per share. This includes all U.S. serial, reprint, textbook, and film (and other performance) royalties.
Shareholders will receive checks (and copies of the royalty statement from my publisher) in the mail every 6 months after the book’s publication (probably Fall, 2009 or Spring 2010). Shares can be resold at any price at any time, I will facilitate trading and promote it on my blog if that is what a shareholder wants.
Based on sales of my first novel I project sales of my second novel to be ~13000 after 24 months (if there isn’t more mainstream attention than with my first novel). If there is more mainstream attention sales will be “considerably higher” I think. Regardless of the amount of mainstream attention that happens I believe that in the long term sales will remain steady and that my second novel will remain in print.
