PayPal, You've Met Your Match: Erotica Writers

Mark Coker of Smashwords became the leader of indie ebook writers--including some with dirty minds--in a fight against censorship and PayPal. He also has strong feelings about the DOJ's ebook pricing lawsuit.Mark Coker is the CEO of Smashwords, an ebook publishing and distribution platform. Coker recently won a highly publicized battle against PayPal, which briefly refused to work with Smashwords unless Coker removed certain naughty titles from the site. Fast Company caught up with Coker and learned, among other things, that writers of incest erotica can be very articulate.FAST COMPANY: What is Smashwords?MARK COKER: We’re probably the world’s largest distributor of self-published ebooks and ebooks from small independent presses. We were founded in 2008. A writer comes to Smashwords, uploads a Word document, which we instantly convert into multiple formats to be read on a Kindle or other device. Those are then available for sale at Smashwords.com at a price set by the author. 85% of all proceeds go to the author, so we flipped the compensation model upside-down. In traditional publishing, in the best case, an author earns 17.5% off an ebook’s list price. In 2008, we had 140 titles; in 2009, we had 6,000 titles; today we have just over 115,000.You recently came to prominence by picking a fight with PayPal, which threatened to stop working with you if you failed to remove some smutty titles from your store.On a Saturday, I received an email from PayPal notifying me I had... Continue reading at 'Fast Company'

[ Fast Company | 2012-04-20 00:00:00 UTC ]
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