Startup Idea : New writers Publications

Ayn Rand,JK Rowlings, Chetan Bhagat, Salman Rushdie all these writers have one thing in common. There first books were rejected by most numbers of publication house. My Idea is to start a publication house where first time writers can get published. Initially we may fail but in later stages we would definitely get a new writer whose book may sell and even become best seller. We can set up a publication house where all new writers are published. Once we hit bulls eye ie one of our published books starts selling in huge number, we would start making money.