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Alex Goldmark

2episodes
1podcast

We have 2 summarized appearances for Alex Goldmark so far. Browse all podcasts to discover more episodes.

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2 episodes
Planet Money

Our BOOK vs. the global supply chain

Planet Money
47 minPlanet Money Executive Producer

AI Summary

→ WHAT IT COVERS Planet Money traces the full manufacturing journey of its own book, from editorial decisions and scratch-and-sniff experiments to navigating EU deforestation regulations, Trump-era tariff uncertainty, and a final pivot from Malaysia and Turkey to a million-square-foot Lakeside Book Company plant in Crawfordsville, Indiana. → KEY INSIGHTS - **Print-run economics:** Domestic US printing becomes cost-competitive at roughly 100,000 copies. While per-unit costs run higher stateside than overseas, volume discounts close the gap. Norton calculated break-even at approximately 100,000 copies based on a $30 retail price, 50% bookstore discount, and $3–$5 production cost, yielding roughly $10 per book in margin. - **Retail price engineering:** Every design decision in book production carries a direct cost that cascades into retail price. Adding 16 pages multiplies paper costs across the entire print run. Rip-out postcards and a physical poster would have pushed the Planet Money book above $40, so the team cut those features to hold the $30 price point. - **Supply chain risk layering:** Printing overseas introduces sequential failure points — pallets, containers, ocean transit, port unloading, customs clearance, and truck delivery to a warehouse. One Norton cookbook shipment sank when a cargo container was knocked overboard in a storm, illustrating why domestic printing offers meaningful insurance when publication deadlines are tight. - **Parkinson's Law in publishing:** Work expands to fill available time on every book project. Experienced editors counter this by assigning chapter-a-week sprints, encouraging writers to draft in email format rather than blank documents, or using voice-to-text software. The credible threat of canceling a project entirely — the sharpest deadline tool — can unlock manuscripts that nothing else moves. - **Regulatory disruption via EU Deforestation Regulation:** The EUDR requires geolocation and harvest-date metadata for paper sourced from medium-risk countries, including Malaysia. Publishers selling into EU markets must now verify their paper supply chains against this classification system. Norton's pivot away from Malaysia mid-production shows how a single regulatory change can invalidate months of supplier negotiations and pricing models. → NOTABLE MOMENT Norton's production director spent months planning to print in Malaysia, then pivoted to Turkey, then landed in Indiana — all within one production cycle. The final shift to a domestic printer was triggered not by cost alone, but by a doubled print order that made US unit economics suddenly viable. 💼 SPONSORS None detected 🏷️ Book Publishing, Global Supply Chain, Trade Tariffs, EU Deforestation Regulation, Print Manufacturing

Planet Money

Inside a BOOK auction

Planet Money
43 minExecutive Producer of Planet Money

AI Summary

→ WHAT IT COVERS Planet Money traces the complete journey of its own book deal, from initial agent outreach through a 23-publisher speed-dating process, a multi-round email auction, and a final "beauty contest" that resulted in a seven-figure advance from W.W. Norton over a Big Five competitor. → KEY INSIGHTS - **Publishing gatekeeping funnel:** Literary agents receive and filter proposals before editors ever see them. Executive editor Tom Mayer at W.W. Norton receives roughly 500 vetted proposals annually, gets excited about 30–40, and acquires only 10–12 — a 2% conversion rate. Authors without agent representation are effectively invisible to major publishers, making agent relationships the critical first gate to clear. - **Book proposal as sales document:** A nonfiction book proposal functions as both a writing sample and a business case. It must include sample chapters, a full chapter outline, comparable titles with sales data, and a platform argument showing why the author's existing audience will purchase the book. Publishers use proposals to model revenue projections before committing any advance dollars. - **Comparable titles drive advance valuations:** Publishers calculate bids using "comps" — 10 or more similar books in the same category — to estimate market size. Norton referenced books from prominent podcasts, including the 99% Invisible book, which became a New York Times bestseller. A single comp is anecdotal; a cluster of 10 paints a defensible revenue picture for internal approval meetings. - **Wedding cake auction mechanics:** Agents structured the Planet Money auction as a two-round best-bid format. Round one produced 16 bids from 23 potential publishers; the top 10 advanced. Round two narrowed to two finalists. The final stage — the "beauty contest" — decided the winner on editorial vision and strategy when monetary offers converged, meaning relationship quality and publishing plan differentiate bids at the margin. - **Winner's curse in book auctions:** The publisher who bids highest in round one sets the price floor for round two, creating psychological and financial pressure. This dynamic, known as the winner's curse, means auction winners frequently overpay relative to rational valuation. Norton's Tom Mayer acknowledged this risk explicitly, noting that employee-owned publishers face harder constraints than Big Five conglomerates backed by German media corporations or private equity. → NOTABLE MOMENT When the first-round bids closed, several editors were genuinely shocked to learn they had not advanced — believing their offers were substantial. This revealed that 23 competing publishers had simultaneously concluded the Planet Money brand justified aggressive spending, compressing the competitive range far tighter than anyone anticipated. 💼 SPONSORS None detected 🏷️ Book Publishing, Literary Auctions, Nonfiction Advances, Publishing Industry Economics, Media Monetization

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