Tim,
I think you answered your own question in a thread posted a long time ago--as a venture capitalist, you wouldn't touch poetry publishing. If one isn't rich (and I am not), a small press publisher has two business models to choose from: contests or non-profit status. Each has risks. Contests risk perpetuating a system that isn't really very popular with authors, while non-profit status insures an endless paper chase for grant funds. Nonetheless, in large part because it is more stable, we have chosen to focus on contests.
By the way, we have invested in titles outside of contests, and we do not require authors who have already published with us to re-enter contests. We would like to develop relationships with our authors so they do not have to run that gauntlet again. But even these projects are supported indirectly by the funds that contests generate.
I'm very sorry that you are not able to continue your relationship with Story Line. I've heard some tales about what's going on with them these days, but nothing reliable since their board changed a couple of years ago. Are they even still in business?
Kevin
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Kevin Walzer
http://home.fuse.net/walzer