About Us
Authors Deserve Better
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Poor Economics
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One million books are self-published per year but only 40 of those writers are able to generate $1 million over 5 years. The top 0.004% of writers make the same as a mid-level silicon valley engineer? Published authors may get higher visibility but the economics are rarely in their favor.
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Bestsellers Declining
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Traditional books aren’t selling like they used to. Below are the bestsellers in each time period.
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Mixed Media Winning
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Visual and interactive mediums are enjoying unstoppable growth. The creators of games own the top-grossing charts. Today, they contain very little storytelling, but that’s about to change.
One million books are self-published per year but only 40 of those writers are able to generate $1 million over 5 years. The top 0.004% of writers make the same as a mid-level silicon valley engineer? Published authors may get higher visibility but the economics are rarely in their favor.
Traditional books aren’t selling like they used to. Below are the bestsellers in each time period.
Visual and interactive mediums are enjoying unstoppable growth. The creators of games own the top-grossing charts. Today, they contain very little storytelling, but that’s about to change.
Storytelling Needs To Evolve
People still love storytelling (they are human after all), but the format and economics need to change. Tales makes fiction storytelling more compelling through these methods:
Mixed Media
Text only days are vanishing quickly. Great storytellers are able to weave imagery, video, and audio into their storytelling.
Interactive
Consumers are used to a world that responds to their voices, whether they’re posting a Snapchat story, commenting on a friend’s Tweet, or making choices in Black Mirror’s Bandersnatch.
Episodic
Consumers expect regular drips of content from creators they love. They increasingly view media as a service, not a “buy-once and forget” product.
Social
Consumers love having communities where they can discuss their favorite television shows, movies, games, books, comics, and podcasts.
Bite-Sized
Consumers are busy! They prefer products that work around their schedule, not the other way around. Must be easy to find, try, and understand!
Flexible Payment
The pay-upfront ownership model simply doesn’t work for media. No matter what the medium, consumers are increasingly choosing subscription or freemium options for media.
Mixed Media
Text only days are vanishing quickly. Great storytellers are able to weave imagery, video, and audio into their storytelling.
Interactive
Consumers are used to a world that responds to their voices, whether they’re posting a Snapchat story, commenting on a friend’s Tweet, or making choices in Black Mirror’s Bandersnatch.
Episodic
Consumers expect regular drips of content from creators they love. They increasingly view media as a service, not a “buy-once and forget” product.
Social
Consumers love having communities where they can discuss their favorite television shows, movies, games, books, comics, and podcasts.
Bite-Sized
Consumers are busy! They prefer products that work around their schedule, not the other way around. Must be easy to find, try, and understand!
Free
Text-only days are vanishing quickly. Great storytellers are able to weave imagery, video, and audio into their storytelling.aThe pay-upfront model is on its last legs. No matter what the medium, consumers are increasingly choosing subscription or freemium options for media.
Select Investors
Thomas Wu
Chief Executive Officer
Erin McFarlane
Editorial Lead
Shawn Chiao
Chief Technology Officer
Sam Gutierrez
Art Director
Ryan LaPlante
Narrative Design
Remington Chan
Engineering
Letter From The CEO
My name is Thomas and this is my story
I met Amanda in 1991.
I took this photo of her the moment after she revealed she had just been fatally bitten by a medusa and will become one shortly. Before I ended her life, she begged me to take her dying tears to bring her brother back to life. Even though this was over 20 years ago, I remember this moment in Final Fantasy Adventure very clearly.
A decade ago I graduated from Berkeley, ranked 3rd in my engineering class and it occurred to me recently that I have forgotten how to do calculus. Why is it I am able to remember an obscure story from my childhood, but I can’t remember basic math that was the building block for my engineering education?
Humans are fundamentally WIRED for stories.
Before we learned to write in 3200 B.C., we told stories to pass information down through each generation. Those of us who were able to absorb these stories survived and reproduced (the rest were probably consumed by lions). Stories have the ability to TEACH us, INSPIRE us, make us CRY, and make us LAUGH. At this moment in time, empathy is more important than ever. We can only live one life but stories let us visit the lives of others. Great storytellers are important and the tragedy is most of them don’t even know it!
We all know the stereotype of the creative writer. Barista / Uber driver by day, working on scripts by night. Working for years in isolation with no feedback, networking to find agents/influencers, and praying that a publisher will find an audience for them in the rare case they get that one-shot. Even when they’re successful, the average writer only receives $1 from a $10 book.
If J.K. Rowling can get rejected 13 times by publishing “experts” for Harry Potter, perhaps the distribution system should be rebuilt. Success shouldn’t be dictated by pure luck or who you know. Good stories should rise to the top through talented storytellers… coupled with user data, rapid iteration, modern formats, and effective monetization.
When we succeed we build the next Netflix, powered by individual creators who found an audience by virtue of their talent and hustle, not their proximity to the right gatekeepers.
Thomas Wu
CEO / CO-FOUNDER
About Us