Penniless Author Sells Shares In Forthcoming Novel

I wonder whether this will work?

Investors can apparently pay $2,000 (£1,000) in return for a 10 per cent share of the royalties of New York-based author Tao Lin’s as-yet-unfinished second novel.

Does that mean he has a first, finished and more importantly published novel?

He claims that the novel will sell at least 13,000 copies in the US within two years, and that investors should be able to turn a profit within 40 months, but he has very little supporting evidence to back this up.

Of course the publicity may boost his sales anyway, but that's a short term blip. Sounds a bit mad to me. And also to this blogger who met him twice. (Read this, it's hilarious!)

Or is he just very clever?

Here's a link to his blog.