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I thought about posting this under the Horror subforum, lol. 
So I've heard this stat (may be wrong), and here's some quotes I've found about it. Is this true?
So I've heard this stat (may be wrong), and here's some quotes I've found about it. Is this true?
About the top 2% of all submitted manuscripts end up on bookshelves. Many are rejected for things like not following the publisher's guidelines to the letter or submitting a manuscript to a publishing house that doesn't publish that genre. Others may be rejected for numerous grammar/spelling errors in the first few pages, using a fancy font or stationary, and a myriad of other reasons.
The bottom line is, up to 90% of manuscripts that come in will be rejected for basic, fixable things. You'll really only be competing with the top 10%.
Well apparently only ten percent of people who start a novel actually finish it and then only three percent of the novels submitted for publishing actually get published.
or look at it like this, just say 1,000,000 people started writing a novel, only 10,000 finished it, then of those ten thousand, only 300 got published.
) that a lot of the times they don't even glimpse the first page. I agree I would only read the first page or so to deduct if it was crap or not, but then I think you can judge whether a manuscript has any merit or not pretty quickly, kind of like looking at a painting.