In late 1949, publisher
Lawrence E. Spivak launched
The Magazine of Fantasy, one of many new titles in a crowded field of genre magazines. The title was changed to
The Magazine of Fantasy & Science Fiction (usually abbreviated to
F&SF) with the second issue, and the new magazine rapidly became successful and influential within the science fiction field. The editors were
Anthony Boucher and
J. Francis McComas, and the managing editor was
Robert P. Mills. In 1954,
Joseph Ferman, a partner of Spivak's, bought the magazine from him. Ferman subsequently decided to launch a companion magazine, and gave it to Mills to edit. The new magazine was titled
Venture Science Fiction, and the first issue was dated January 1957. Mills was managing editor of
F&SF throughout
Venture's first run; he became editor of
F&SF shortly after
Venture ceased publishing in July 1958. Ferman hoped to take advantage of a gap in the science fiction magazine market opened up by the demise of
Planet Stories, one of the last sf pulps, which had ceased publication in late 1955. and Ferman hoped to combine the virtues of the melodramatic pulp fiction style with the literary values that were key to
F&SF's success.
Ed Emshwiller supplied eight of the ten covers; he had sold several covers to
F&SF by this time, so his work reinforced the sense of connection between the two magazines. An editorial, "Venturings," appeared in each issue of the first series; after Ferman used the first one as a platform for editorial policy, it was usually written by Mills, who occasionally turned the column over to letters from SF figures. The last editorial, in July 1958, featured a eulogy of
C. M. Kornbluth by
Frederik Pohl, and one of
Henry Kuttner by Sturgeon. Kornbluth and Kuttner had died within two months of each other earlier that year.
Venture kept to a steady bimonthly schedule for ten issues, but its circulation never reached a sustainable level, and it was canceled in mid-1958. The large number of competing magazines probably hurt sales, though since many of the competitors lasted for only one or two issues,
Venture can be thought of as at least a partial success. An anthology drawn from the magazine's fiction,
No Limits, was published in 1964 by Ballantine Books, attributed to Joseph Ferman as editor. ==British and Australian editions==