For what it's worth, a quick Google turns up this thread on David:
http://forum.rpg.net/showthread.php?t=272321
My goodness. Thank you, Beth. That certainly is informative.
Here's David:
But our overall philosophy is to make hte best use of modern technology to reduce the traditional risks of book publishing, and thus be able to publish a large number of books.
Henceforth, when David says
risks, we should understand him to mean
the expenses of producing, publishing, selling, and distributing books, which properly should accrue to the publisher, but which I wish to avoid.
Just in time manufacturing is available to book publsihers now (although it is not being used very effectively). We can print books as they are ordered for about the same costs that the conventonial sheet-fed press prints books, and on higher quality paper.
[sarcasm] Wooo, big-time expertise on display. [/sarcasm]
"Sheet-fed" is not a printing method. It just means the paper isn't coming off a continuous roll. Your elementary school teacher who ran off dittoed worksheets was using a sheet-fed machine. So's anyone who uses a desktop computer printer, or the coin-op copier at your local library. Usually, when an amateur talks about printing, I can at least tell whether they're talking about using a high-speed digital copier, an offset printing press, or a mimeograph. Not here. (And this is the printing expert who's sneering at publishers for not using just-in-time technologies very effectively? GMFB.)
No matter which technology he's talking about, there's only one way things can work out the way he describes them. If he's having books printed as the orders come in, he's using POD. The only way POD can match the per-unit cost of books printed via offset or high-speed digital is if he's talking very small quantities.
If so, I'm thinking this is a shabby deal. POD doesn't require an advance cash outlay, but that's a tradeoff for higher cover prices and fewer sales. It further lowers David's risk while increasing the risk undertaken by his employees.
We don't ahve to pay anything to set this up, as we would with conventional presses. We don't have inventory rotting on a shelf, as we would if we had to do an entire print run all at once. We focus on paying royalties instead of flat fees.
That further confirms the model I'm deriving: POD production, low total numbers, and an avoidance of cash outlays.
By keeping the capital costs down in this way, we can accept a larger number of submissions and organzie projects much faster than many of the other publishers.
That sounds to me like "a larger number of more marginal submissions, on which we expend less thought and care." Note that David incurs little or no opportunity cost, since he doesn't lay out much money for these titles; but that the books will still incur full charges for editing, copy editing, proofreading, interior and exterior design, and marketing.
If we purchase rights to a book that does not sell well, we are not out much money at all.
If I knew how to do it, I'd code that last sentence to flash like a multicolored strobe light.
Acquiring low-outlay marginal publishing projects is an unfair strategy in a company where all the work is done on a commission basis. The only word to describe that combination is
exploitive. If David purchases rights to a book that does not sell well,
he may not be out much money. His freelancers, who get paid
only if the book sells, will be out the value of their labor -- and there's just as much editing and design work to do on a marginally saleable title as there is on a robustly commercial one.
That sucks. Even Publish America pays their copy editors up front.