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October 22, 2013 08:06 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tNGIiSPCI1o/
Startup Book Publisher Unbound Raises $2M For Kickstarter For Authors Platform
Just as crowd-sourcing and crowd-funding has taken off in recent years, it was clear this model was seeping into many other areas of business. One small startup that latched onto the model was Unbound, a UK startup that worked out that if they made their authors rock stars, then the fans would follow and subsequently fund a new model for publishing which did not require the "hits" model followed by traditional publishers. This was more a virtuous cycle where fans would fund new books and authors could generate new fans. Thus today, Unbound, what appears to be the worlds first crowdfunding publishing house, has secured a 1.2 million funding round from Forward Investment Partners, DFJ Esprit and Cambridge Angels.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tNGIiSPCI1o/
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