11 September 2013

The More You Know: A Little Perspective on Pitch Madness

Last week, on the Sub It Club blog, I posted a behind-the-scenes look at how entries are chosen for Pitch Madness (the online writing pitch contest hosted twice a year by Brenda Drake). As I've participated in Pitch Madness a few times before and I know the devastating "I'm such a failure" feeling that hits when you don't make the final cut, I wanted to provide a little bit of perspective to all of the contest hopefuls who wouldn't make the final round this time. (As it turns out, I was one who didn't make the final cut this time around either. Although I had a few slush readers tell me that they loved my story, I didn't have enough votes to make it into the final round.) In the past few days, I've had several people tell me that the peek behind-the-scenes really helped them put the whole contest experience into perspective.
Thanks to Jessica Sinsheimer (aka "The Iron") for letting me use this picture!!
Yesterday, the Pitch Madness agent bids were revealed, and I watched it all unfold on the #PitchMadness twitter feed. I witnessed a lot of nail-biting and excitement as well as a healthy dose of disappointment and self-doubt as the big reveal unfolded, one entry at a time, over the course of the afternoon. There were a few entries that spurred intense bidding wars, as agents cast tie-breaking votes again and again. And there were a few entries that only got one bid or none. And my heart aches for the Pitch Madness hopefuls who walked away without any agent requests. Because it really sucks, I know, to feel like you've finally "made it," only to watch your friends get the attention you were hoping for.

Having been through Pitch Madness several times before, both as a contestant and as an observer, I kind of knew what to expect. And I knew there would be disappointment and nervous anxiety woven into the excitement. But this time around, I noticed something different. This series of tweets, posted on Monday afternoon by the lovely Jessica Sinsheimer, made me really stop and pay attention to the agents participating in the madness:
And as the reveals unfolded, I watched the participating agents react with the same mix of anxiety, excitement and disappointment I witnessed in the participating writers.
Writers weren't the only participants hoping and praying for good results.

Agents were just as excited about a win as the writers were. (Clarification: Please note that Lady Lioness is not an agent. She's an intern for Louise Fury, who was acting as the voice of Team Fury for the Pitch Madness reveal, which is why I grabbed a few of her tweets for this post. All actual decisions for Team Fury were made by the agent, Louise Fury, herself.)

And writers weren't the only participants who faced disappointment when they didn't get the results they were hoping for.



  

And at least once, I saw an agent kicking herself for not bidding on an entry that didn't get any bids. Why didn't she bid? Because the agent thought she wouldn't have a chance to win this fabulous pitch.

When the big reveal was finished and the dust had settled, I went through all of the Pitch Madness posts to count up the bids and compile some statistics. (Side note: some of the agents really had fun with their bid comments. I laughed my way through the entries. You should really take a moment to go read them for yourself.) And here's where I'll attempt to use those figures, combined with the tweets I witnessed, to explain what was going on in the minds of the agents during the Madness. (Note: I am not actually a mind reader, and I'm only guessing here based on my own observations and the limited conversations I had with a handful of agents after the fact. Any agents reading this blog: feel free to comment below to correct me if I get it horribly wrong!)

My first observation: Each agent had 61 bids to spend on pitches. (You can see the actual distribution of available bids here.) With 64 final pitches to bid on, even if every agent spent every single bid in the opening round, there was a possibility that some pitches wouldn't be snagged. Not because no one wanted them (remember, to get to this final round in the first place, each pitch had to get a "yes" vote from at least EIGHT different slush readers! - There were no bad entries in the bunch.), but because that's just the way statistics work.

Of course, it's completely unrealistic to think that any agent would bid on EVERY pitch. When you walk into a library or a bookstore, do you fall in love with every single title on the shelf? No. Chances are, you have favorite genres, age categories and writing styles that you look for when you pick a book. Agents also have preferences. And you wouldn't want an agent who took the grab-em-all-and-see-what-happens approach to requests. So, as you might expect, none of the agents actually spent all 61 of their bids. (In fact, none of the lowest bid denominations were played. And only 3 of the 2nd lowest cards were played.) Just like they do when going through their email slush piles, agents were selective in their choices.

My second observation: Each agent had a definite strategy for bidding.

Again, thank you Jessica Sinsheimer (aka "The Iron") for this fun image!! :)
Jessica Sinsheimer was, by far, the most aggressive bidder. She only played one of her "low card" bids ($50 - the highest of the low cards) and spent all but three of her "high cards" by the time it was all over. The strategy was kind of a risky one, but it paid off for her. She won 10 of the 57 pitches that received bids, although she had to bow out of two ties, because she'd used all of her high cards and had nothing left to bid.
(She would have lost another tie as well, but the other agent didn't come forward with a tie-breaking bid, so they both won.)

Jordy Albert was the most conservative in her bids. Of her 16 bids, 13 were "low cards." I assume she was holding the high cards to allow for tie-breaking victories. And if she'd made it to the tie-breaking rounds, she would have probably won every single pitch. Unfortunately, she was out-bid again and again (often by Jessica Sinsheimer) and only won two pitches. (I have to admit, I cried a little bit when I saw how discouraged Ms. Albert was getting by the end of the big reveal. But even the agents don't see the full picture. She didn't see, for example, the private message I got from one of the fought-over contestants who said, "And Jordy also asked for it. *happy dance*")

My third observation: The more experienced agents (those who participated in previous Pitch Madness contests) were more likely to bid aggressively. This wasn't always the case, but one agent I spoke to indicated that she didn't want to use her low card bids because she didn't think they'd win. And she was right. Only three pitches were won with a bid of $20 and only three with a $50 bid. From an author's perspective, my first instinct was to complain. "It's not fair! You had all of those $5 or $10 bids you didn't use! Even if you knew you wouldn't win, why not just throw one of those bids on there to let us know you were interested?"

But the more I stalked the agents' twitter feeds and studied the bidding patterns and chatted with agents yesterday, the more I began to suspect that there might be another side to the story. (Agents, please jump in and correct me if I'm wrong!!)

Imagine that you're an agent for Pitch Madness. You have eleven "high card" bids to vote with and ten more that are kind of middle-of-the-road. You've found twenty-one pitches you really want to request, so technically you have enough available bids to bid high on all of your favorites. But if you use all of your good plays, you won't have anything left to throw out in case of a tie, and you'll lose every single time. The answer seems simple, right? Just bid low on a few of your favorite pitches, so the author knows you're interested. You won't win, but hopefully the author will query you anyway. Then, you can save a few big votes for the tie-breakers, and you won't lose everything.

Except it's not really that simple. Because everyone will see your bids. And those authors who got your low bids might think you really aren't that interested in seeing their manuscripts. You worry that they'll compare bids and think, "Oh. She wanted at least 100 pages from everyone else, but she only wanted 20 pages from me. If she's not even excited about my manuscript, why should I bother?" Instead of encouraging the author, you're worried that your "pity vote" will be discouraging. So you don't do anything. The pitches you don't place bids on are so good, you know they'll be snatched up anyway. And maybe the author will see you tweeting about not having enough bids to go around and he'll query you anyway.

If you, dear hypothetical agent, had this selection of pitches in your slush pile, you could simply request partials or fulls of every manuscript that interested you. But in a contest, you only have so many full requests to work with. You must play them carefully, because if you're too conservative or too aggressive in the initial bidding, you might walk away with little or nothing to show for it after the tie-breaking round.

Every agent I've ever spoken to HATES rejecting manuscripts. Especially when they see true talent in the writing. Most agents seem to dislike writing rejection letters even more than I hate receiving them! It's no fun to be the bearer of bad news. And in a contest, where the results are publicly available for everyone to see, it's particularly nerve-wracking. Because even when they "win" a pitch, every agent knows that it's ultimately the author's choice. Will they send the requested manuscript? Or will they ignore your request because you weren't the agent they wanted to snag in this contest?

You think it's stressful to face rejection on your one manuscript? Imagine how it feels to be facing potential rejection on 64 different manuscripts all at once!

The biggest take-away message from it all is this: Don't get discouraged and Don't Give Up! If you didn't make it to the final round, you might have been closer than you think. If you made it to the final round and didn't get any bids, remember the agents had only a limited number of requests they could make - and they were playing against each other. You might have been closer than you think!
If an agent didn't request your manuscript in the contest, but their wish list says they're a perfect match, by all means, send a query. The worst they can say is "no." (But don't try to cheat and pretend it's a Pitch Madness request if it wasn't. Trust me, they know which pitches they bid on.)

And if you have Pitch Madness requests, don't keep these poor agents waiting any longer. Send your pages!! They watch their inboxes just as closely as we writers do! ;)
*Thank you so much Jordy Albert, Jessica Sinsheimer, Summer Heacock, and Lady Lioness for allowing me to use your words for this blog post! You guys are the best!!

P.S. For those of you who are interested, here is my chart with the statistics for the Pitch Madness bids (you may have to click to enlarge the image to make it readable):

22 comments:

  1. You, are a sweetheart. This must have been such a lot of work to put together and it came out beautifully! As one of the entrants who didn't get quite what they'd been hoping for (I laughed when I saw my entry referenced - the sting is already gone), I draw a lot of comfort from this lovely post and hope others do as well. Thank you so much!

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    1. I thought of you a bunch when I was writing it. And I kept thinking about how I can trace the sale of my upcoming debut novel directly back through my "failures" in contests. I never would have even written this novel if it hadn't been for a complete and utter failure in a contest, in fact! <3

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  2. Awesome post! The chart at the end is really fascinating--I've totally be studying it :) Thanks for putting it together!

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    1. Thanks, Meradeth. It took a lot more to put this together than I thought it would, but I learned SO much. It was totally worth the time spent! <3

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  3. Thank you so much Meradeth. I am the author of WINGMOM, and was completely and totally confused yesterday. You helped clear up much of my confusion. Although, I am still not sure what happened with the bidding on mine. I had the first agent request 150 pages, and then two others request 100 pages after. What is the point of using up a request if you know you've already lost? If you happen to have a theory, I'd be grateful!

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    1. It's all blind bidding. The comments are all on moderation, and only the blog host sees what comes in as the first round of bidding is underway.

      None of the agents get to see any of the other bids until the big reveal (part of why they're so nervous). They have to try to guess what everyone else will bid, so they can win the pitch without using up all of their high cards, in case of a tie. (This is where Jessica Sinsheimer ran into trouble. She didn't have enough high cards left to participate in the last 2 tie-breaking rounds. Although she still won a LOT of pitches, so I the strategy still worked for her.)

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  4. Nice work! I love how you explain this all so clearly. This was my first Pitch Madness, and I've been going crazy trying to figure out how it all works. No matter how it turns out for any participants, it is a great learning experience.

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    1. I'm so glad it helped you understand how it works. I remember being pretty lost my first time around, but I've learned SO much from the contests I've participated in!

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  5. What a great post. All you insights during Pitch Madness were great. For me, making it to the agent round and then getting a bid was such a huge boost of confidence. I could have easily missed the agent round or had no bids, however, like so many others. What is great about your posts is writers on both sides of that coin can find great value in them. Thanks so much for the time and effort you put into it!

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    1. Aww, thanks Mark. *blushes*

      Congratulations on your agent bid! Good luck! :)

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  6. Veronica, SO appreciate the time you put into these two great posts on Pitch Madness. Very helpful to read. Thank you!

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  7. Great post; thank you for putting this together and sharing.

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  8. Good post! The accountant in me wanted to do a spreadsheet with the results, but I have been so busy. Loved yours, thank you!

    Rissa Watkins

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    1. You probably could have done a much better spreadsheet with all the results. I've never been a facts-and-figures kind of gal. (I majored in English for a reason!) But I'm glad my attempt helped you. :)

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  9. Wow, you did your homework! I've been baffled by the process, so thanks for breaking it down for me.

    Pitch Madness is a wonderful opportunity. I'm so happy I got to be a part of it.

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    1. :) It was really fun homework to do, actually. I had so much fun chatting with the agents to get their insights into the whole process. And reading the bid comments had me literally laughing out loud. (Have you read through them all yet?)

      I'm so glad my post was helpful! I was afraid it was getting too long and clunky, but there was just SO much to say! (I think I'm going to start doing this kind of thing more regularly, so I won't have to cram it all into one post next time.)

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  10. This is such a great post, and must have taken you so much time to put together! If I was an agent, I'd totally fail at the whole bidding strategy and probably curl up into a ball, crying about the awesomeness in all the entries.

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    1. I would not be a good agent at all. I have so much respect for them and all that they do. Even more so now, after researching for this post!

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  11. Nice breakdown. I didnt enter this time around but it's still fun to read the details. I remember in March there was an agent who didn't vote on my entry but favorited my #pitmad pitch. So a lot of that is totally true.

    I did, however, pull agents off my query list that didn't request during the contest. I wonder if they realize that? Throwing on extra low bids would definitely let the author know they're interested, even if unsure.

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    1. It's such a hard game of "what if" for all involved. Everyone is trying to guess what the other side is thinking, feeling, etc. That's why contests should never be the full strategy for submitting. Contests are a fun way to get a sense of what the agents are interested in, and a terrific way to hone your pitching skills, but you should never automatically assume a pass in a contest is a hard "no."

      If an agent regularly asks for queries to include 10 pages in their official submission guidelines, they might feel like putting in a request for 5 or even 10 pages on a contest might be a waste of everyone's time. And honestly, if an agent has a stated policy that they want queries to include 10-15 pages, but they put a request for 5 pages on your contest entry, wouldn't that make you feel bad? I'm pretty sure this is why they so often say things like "feel free to query us anyway!"

      Yes, they might still say no. And it might be a form-rejection no. But a full query might hook them even if your twitter pitch or 35-word contest pitch didn't. (Just something to think about.)

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