I am an unpublished writer straight out of college. After graduation, I sent out a few stories to a handful of places-- no more than five or six. It is now about 1.5 months later and I just received a letter from the fiction editor of a new literary magazine with an enthusiastic offer to publish (after some edits are made.)
The magazine is a thrice-annual online publication with an anthologized print issue every December with that year's best works. It is almost one year old, I believe. The piece that they accepted is one of the best ones in my collection. I am so, so excited and grateful to have been accepted for publication!
Question: I am still wondering if I should wait it out to see if I get any other bites? How long is appropriate to wait to respond to this editor?
I am also concerned because it is such a fledgling magazine, and I've heard it is wise to be wary of online publishers who might fold easily. I do enjoy the magazine's mission and, admittedly, their issue's theme is right in keeping with my content. But I just want to make an informed decision before signing any contracts! (My body of finished work is not exactly prolific, so once this piece is published I won't have too many other chances until I can generate more material.)