US novelist sells shares in next book

By Matthew Moore in The Daily Telegraph:

A young novelist is selling shares in his next book, to allow him to quit work and concentrate on his writing.

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

Tao posted details of his “initial public offering” on his popular literary blog last week and claims to have already lined up buyers for five of the six shares.