Self-Publish and Be Damned? Not Always: I Brought Out My Own Book and Beat the Odds
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You can write an op-ed today that runs tomorrow, set up a Web site that sells toys in a day or two, get a million signatures and recall a governor in a couple of months. But for some reason, it takes two years to get a book published.
Last January, I wrote a book about my days as a Wall Street analyst–fun stories about working with the suddenly infamous Jack Grubman, Frank Quattrone, and Mary Meeker. After three weeks of flailing away, I sent an early draft to an agent (my second of many), who promised to make some calls.
“Feedback says it’s too topical,” she quickly let me know. “What?” I asked, my voice going up an octave. “Well, even with a rush, the earliest you can get this out is spring of ’04, more like fall ’04. You might want to consider a long magazine article.” This is agent-speak for go away.
What did I want from a publishing house? An advance against future slim royalties–i.e., lending me my own money. What a deal.
I had been warned against self-publishing. You can’t get reviews, you can’t get shelf space, and you can’t get respect. One hundred thousand books are published every year, so you need an imprint to stand out from the noise. Being naive, and used to being treated like Rodney Dangerfield, I decided to publish my book anyway.
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I finished writing Wall Street Meat: My Narrow Escape from the Stock Market Grinder…IBPA Members – Click here to view the full article (login required).
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