Wattpad is an extremely successful digital publishing site that somehow doesn’t seem to get as much press as other well-known names like Smashwords, yet the company has 11 million monthly readers. Wattpad authors post their stories in a format that can be read on a computer, smartphone, or tablet. Perhaps most importantly, Wattpad stories can be read on java-based “feature phones” and as such have a huge readership base in third world countries. Wattpad is a very social site, in that readers can collect stories into reading lists, vote for their favorites, and share and comment with friends and writers. Unlike some other self-publishing sites, Wattpad works well with short stories stories and novellas, as opposed to full length-books.
According to the Wattpad site, readers spend 2 billion minutes on Wattpad every month and more than 500 writers have published pieces that have been read more than a million times. There are over 5 million stories, in 25 languages, on the site. The Toronto-based company has received over $20 million in funding from Khosla Ventures, Union Square Ventures, OMERS Ventures, W Media Ventures, and Golden Venture Partners, and has attracted such famous authors as Margaret Atwood.
Paul Biba is a retired corporate international lawyer who has worked in 53 countries. Since he is a very fast reader he came to ebooks out of self-defense in order to avoid carrying a suitcase of books on his travels around the world. An early ebook adopter, he has read on Palms, Pocket PCs and practically every device that has been out there. After being a frequent contributor to TeleRead.com, the oldest ebook/epublishing blog on the net, Paul became TeleRead’s Editor-in-Chief, a position he recently resigned. Send Paul an email to paulkbiba@gmail.com
