“Inkitt is the world’s first reader-powered publisher, providing a platform to discover hidden talents and turn them into globally successful authors. Inkitt provides a platform for all authors to write, and submit and realize their aspirations as authors. Whether that means becoming professionally published, or a part of a bigger writing and reading community.” TechCrunch says “The startup’s eponymous app lets people self-publish stories, and then, using AI and data science, it selects what it believes are the most compelling of these to tweak and subsequently distribute and sell on a second app, Galatea.”
Inkitt was founded it seems in 2014 in Berlin yet is referred to as a startup now it is headquartered in San Francisco. The company has apparently raised more than $117 million, so someone (several someones) believes they are on the right track. They aim to become the Disney of the 21st century. (We don’t learn of Disney’s plans for the next 75 years. Surely we can’t assume they’re done just because they didn’t bother to get the term of copyright extended to match Mickey Mouses’s advancing age.) Inkitt claims already to have 33 million users and dozens of bestsellers. You apparently write your book at Inkitt, then AI decides which recent additions to the site are going to be bestsellers and “publishes” them on their companion site, Galatea. Galatea informs us that “1 in 2 debut authors published on Galatea go on to become bestsellers” — that AI sure knows what’s what! Just what these bestsellers are we don’t learn, and nor do we get a definition of bestseller — it could after all be the book that sells 200 copies when all your other ones sell 150. Not that I can swear that I know one when I see one, but I have to say that none of the books shown at the site shouts “Bestseller!” at me.
Being the world’s first “reader-powered” publisher sounds good; but what does that mean? Readers I guess do have the power to read and maybe to like a book, and to mention this fact to other readers who may also like it too, though no doubt their most relevant power is the power to buy the thing in the first place. But I’m not sure how this differs from what the relationship between readers and publishers or authors has always been — maybe it’s all because it’s moderated through an app. (Never mind Amazon, Kindle, Goodreads, Project Gutenberg, Bookshop.com etc etc. Hype has needs.) Can it be that the presence of the initials AI has alone been enough to coax money from investors wallets into Inkitt’s? Is one man’s diligence another man’s knee-jerk enthusiasm?
Now of course hype is ten a penny, and no doubt worth even less, and just because some investor or other is willing to plunk down a pile of money does not mean that their due diligence has been done diligently.
At the end of the day this is probably really nothing that special. It’s just another attempt to shake up the nature of the publishing company of which we have recently seen a few. Of course the biggest shake-up poured over the weir twenty (?) years ago when we woke up to the possibility of self publishing. It’s kind of impressive that there are investors out there who think that the book business is still worth disrupting!