Say what you will about Electric Literature.
The online magazine has made quite a splash since its first issue less than one year ago. It may be one of the best markets to fully use emerging gadgets and technology to Tweet and YouTube “hip” back into literary journals.
I’m no fool. I know literary markets struggle for quality submissions, and it’s a royal pain to shift through the slush pile and not come up with a single acceptable story, but when one looks at the actual authors who’ve appeared in the three issues of Electric Literature it is hard to find a single emerging author in the bunch. At $1000 per story I’m willing to bet that a whole lot more folks have submitted stories to Electric Literature than what Duotrope reports.
Time will tell if Electric Literature will be a place for emerging voices, or like the more established Narrative Magazine, be a market for already established voices finally brought online to the web.