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MorlockP's profile
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
@MorlockP

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ⓘ Dogs don't have thumbs

@MorlockP

Two-time Prometheus award-winning hard science fiction author. https://www.amazon.com/dp/B005JPPMS6  Learn how to homestead https://www.amazon.com/dp/B093BC3K1T 

Aristillus Crater, Luna
amazon.com/dp/B005JPPMS6
Joined June 2012

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    1. ⓘ Dogs don't have thumbs‏ @MorlockP 21 Dec 2017

      ⓘ Dogs don't have thumbs Retweeted The New York Times

      I worked for 6 years on 2 novels / 1,300 pages that have earned me $4/hr. FTGEhttps://twitter.com/nytimes/status/943582546151051267 …

      ⓘ Dogs don't have thumbs added,

      The New York TimesVerified account @nytimes
      The author of "Cat Person," the short story that lit the internet on fire, has landed a 7-figure book deal http://nyti.ms/2COeU4d 
      5 replies 0 retweets 11 likes
    2. Karl K. Gallagher‏ @KarlKGallagher 21 Dec 2017
      Replying to @MorlockP

      You think she has a prayer of earning out that advance? For that matter--two books, payments split among delivery / acceptance / publication / paperback, likely an agent taking a cut, Mass. income tax--likely seeing around 100k/yr even if they don't kill 2nd bk for bad sales.

      1 reply 0 retweets 1 like
    3. ⓘ Dogs don't have thumbs‏ @MorlockP 21 Dec 2017
      Replying to @KarlKGallagher

      The advance is yours to keep. Even if she doesn't earn it out ... SEVEN FIGURES. And, yeah, let's imagine book 2 gets killed - I bet she still gets $500k - $1M. Deduct 20% agent and 5% MA, that's still $375k - $750k.

      1 reply 0 retweets 0 likes
    4. Karl K. Gallagher‏ @KarlKGallagher 21 Dec 2017
      Replying to @MorlockP

      BigPub breaks advances into pieces based on milestones. So when she turns in the story collection, $125k, minus agent, MA, etc. Another chunk that size when the editor approves, then when book published, then on paperback edition. Repeat for 2nd book, if the first sold well.

      2 replies 0 retweets 0 likes
      ⓘ Dogs don't have thumbs‏ @MorlockP 21 Dec 2017
      Replying to @KarlKGallagher

      yep, I know all this, and I've read most of KKR's essays does this invalidate anything I said?

      10:50 AM - 21 Dec 2017
      • 1 Like
      • Karl K. Gallagher
      1 reply 0 retweets 1 like
        1. New conversation
        2. Karl K. Gallagher‏ @KarlKGallagher 21 Dec 2017
          Replying to @MorlockP

          My analysis is she's not going to get seven figures in her pocket, and what she does get will be spread over 6-8 years. So while your revenue keeps going up she'll get less than that headline.

          1 reply 0 retweets 1 like
        3. ⓘ Dogs don't have thumbs‏ @MorlockP 21 Dec 2017
          Replying to @KarlKGallagher

          I don't think we disagree on anything. assume "7 figures" means, I dunno, $1.2M. 50% chance book 2 is cancelled. 99% chance she gets all payouts from first book. So she gets $600k. After agent, $500k. Over 5 years = $100k/yr. ...meanwhile I'll earn maybe $5k/yr? O_O

          1 reply 0 retweets 0 likes
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