My current thoughts on Capstone:
As I noted in my post from last year, Capstone is run by two very experienced people--a good thing. However, they appear to market mainly online, and admit they have minimal bricks-and-mortar bookstore presence--one of their
FAQ questions is "Why don't I find Capstone Fiction in bookstores?" Around 20% of book sales happen online, and the percentage is growing, but for volume sales you generally need to cover all the bases with a balanced combination of online and offline availability.
When I looked at Capstone's website last year, they hadn't yet published anything. That has changed: in 2007, they published close to 50 books. This is a huge number for a new small publisher, and suggests to me that they don't spend a great deal of time on individualized marketing (or, possibly, editing). They certainly don't seem to be spending much cash on cover design--to me, many of the books have that poorly-composed, off-the-shelf-fonts self-published look.
Another indication of a lack of marketing is that the books don't seem to be getting professional reviews. Also, a spot check on Amazon indicates that most of Capstone's books have Amazon sales rankings in the high 100,000's and 1, 2, and 3 millions--which once again suggests a lack of marketing. It's especially unencouraging for a company that uses Internet booksellers as its main sales outlet--and suggests that for the average Capstone author, sales will not be terrific.
All in all, Capstone doesn't appear to do much more for its authors than other POD-based indie publishers and micropresses.
By the way, Capstone Fiction shouldn't be confused with
Capstone Publishers.
- Victoria