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Lawrence
Donegan
Sunday
September 22, 2002
The Observer
Dave Eggers, author of the
bestselling A Heartbreaking Work of Staggering Genius , has a new novel
published in America this weekend - but there will no point in fans rushing to a
major bookstore to buy a copy.
In what has been described as either courageous entrepreneurship or
vainglorious folly, Eggers has eschewed the normal publishing route taken by
writers of his stature - and the seven-figure advance that comes with it - and
issued the novel himself.
You Shall Know Our Velocity, which tells of two young Americans who travel
the world trying to give away money, is only available at independent bookshops
across the US and from McSweeney's, the New York-based magazine and website
founded by the writer. The book industry's retail giants, Barnes & Noble,
Borders and Amazon.com, have been cut out of the action.
Just 10,000 copies of the book, printed in Iceland and then shipped to a
warehouse in Boston, are available at $20, around $10 less than the price
charged by mainstream publishers for books by authors of Eggers's stature.
The book has already generated enormous interest, with an excerpt in the New
Yorker magazine and numerous articles congratulating the author on achieving a
great marketing coup.
'Eggers has accomplished a daring trifecta; it merges the long tradition of
self-publishing (think Walt Whitman, Thomas Paine) with modern technology (sales
over the internet), while sharing the spoils only with friends (the independent
bookstores who were the earliest and most enthusiastic supporters of
McSweeney's),' the Wall Street Journal declared last week.
Eggers remains downbeat. 'It might work on this scale; it might not - we
really have no idea,' he said in a recent interview. 'I think that if you care
about writing, then you care about how it makes its way into the world, and
self-publishing is one good way to make sure it comes out the way you'd
envisioned. But we'll see. It could all go horribly, horribly wrong.'
That is the outcome desired by some members of the mainstream publishing
industry who have long considered Eggers to be a troublesome maverick and who
see his latest venture as a quixotic attempt to undermine their dominance of the
book world.
Others see the author's move as another signal that the publishing industry
is undergoing a revolution. They include Jason Epstein, co-founder of the New
York Review of Books. He says: 'He is not the first author to take the
self-publishing route but he is probably the most well-known, and all power to
him. Whether it will work, I don't know, but at least he is showing some life
and passion and ingenuity. If it fails, he will always have the built-in hedge
of going the more traditional way. Publishers would be eager to have his book.'
A former Random House editor and innovative figure in the New York publishing
world, Epstein is the author of Book Business, which foresaw the demise of the
publishing industry in its current form. Inflated advances for big-name authors,
ever decreasing profit margins and the emergence of new technologies will mean
an end to retail giants such as Borders and big publishing houses. Taking their
place will be smaller enterprises with fewer overheads and more immediate access
to the reading public, like McSweeney's and the growing self-publishing
industry, Epstein argues.
In the past 18 months, almost 40 self-published novels by authors who
couldn't generate interest in their manuscripts first time round have
subsequently been bought up by major publishing companies after selling
significant numbers through mail order and over the internet. 'The
self-publishing stigma has been replaced with high-figure advances and full-page
ads in the New York Times Book Review,' says M.J. Rose, a columnist with Wired
magazine and a self-published author.
Another threat to publishing's behemoths comes from Epstein himself, who is a
partner in a company developing what is effectively an 'ATM [cash machine] for
books'. The machine, invented by a St Louis-based car engineer, Jeff March, is
around the size of an office photocopier. It can take a digital file, print it
and bind it into a paperback book within minutes. 'This means a reader anywhere
in the world can go to the machine, type in the name of the book he wants, and
have it in his hands. We already have a working prototype which produces 100
pages in three minutes at a cost of one cent per page,' Epstein says.
Three Billion Books, the company formed by Epstein and colleagues, is already
in negotiation with the World Bank to introduce the Print-on-Demand machine into
the developing world, where it would help the dissemination of badly-needed text
books. The bank has an extensive catalogue of books on agriculture and public
health which it currently ships to the Third World at enormous cost.
'One of the great advantages of this technology is that you could publish
books in countless languages. There would be no problems with shipping or with
having too much inventory. All you need to do is the translation and then make a
digital file,' says Epstein.
Such machines could be up and running in the developing world within two
years.
Retailers and publishing firms in the West will do as much as they can to
stall the development of this technology in North America and Europe, Epstein
predicts. 'But eventually the publishing world will see that it works and will
have no choice but to accept it. The horse and buggy trade did whatever it could
to discourage the automobile, but eventually the automobile proved its point.'