Authors whose work was published by the bankrupt crowdfunding publisher Unbound reacted angrily online in recent days over a letter from Archna Sharma, former Unbound ceo and now ceo of Boundless, a freshly-debt free publisher that subsists on having acquired the IP assets of Unbound at deep discount in a pre-packaged bankruptcy sale. (The payment was £25,000 upfront and another £25,000 over time, which was “the only firm offer.”) In March, Sharma had promised Unbound authors that the new company would pay “all monies owed to authors by Unbound.” A round of checks was reportedly due at the end of […]
