Friend-of-the-show (and new O’Shaughnessy Ventures team member) Liberty RPF joins Jim and fellow friend-of-the-show Jimmy Soni to discuss the current state of the publishing industry and the new opportunities emerging for current and aspiring authors.
Important Links:
- Jimmy’s Website https://jimmysoni.com
- Jimmy’s Twitter https://twitter.com/jimmyasoni
- Liberty’s Newsletter https://www.libertyrpf.com
- Liberty’s Twitter https://twitter.com/libertyrpf
- 10 Reasons Why I’m Publishing My Next Book on Substack https://tedgioia.substack.com/p/10-reasons-why-im-publishing-my-next
- Kurt Vonnegut: Unstuck in Time https://www.altitude.film/not-found
00:00 Start
01:19 Main Podcast
03:13 How has the publishing industry changed?
10:09 Reinventing the audiobook
14:41 The living book
19:53 Towards new book pricing models
26:07 Why the traditional publishing industry is becoming unsustainable
30:06 The tragedy of unwritten books
31:26 A rejection from a traditional publisher is meaningless
37:36 What do traditional publishers do well?
42:15 The importance being invested in the success of a product
49:58 Leveraging AI & other tools in the writing process
01:01:21 Why the publishing industry is successful
01:03:46 Increasing the power of individual creators
01:10:29 Change, prestige & disruption
01:20:36 Playing the right kind of status games
01:28:08 Aligning quality with meritocracy
Books Mentioned:
- The Founders; by Jimmy Soni
- A Mind at Play; by Jimmy Soni & Rob Goodman
- Rome's Last Citizen: The Life and Legacy of Cato, Mortal Enemy of Caesar; by Jimmy Soni & Rob Goodman
- What Works on Wall Street; by Jim O'Shaughnessy
- Invest Like The Best; by Jim O'Shaughnessy
- Can't Hurt Me: Master Your Mind and Defy the Odds; by David Goggins
- The Psychology of Money; by Morgan Housel
- The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich; by Tim Feriss
- Harry Potter; by J. K. Rowling
- Reality Hunger; by David Shields
- $100M Offers: How To Make Offers So Good People Feel Stupid Saying No; by Alex Hormozi
- The Status Game: On Social Position and How We Use It; by Will Storr
