Capital Compounders Show Canada's Book Guru: The Story of ECW Press (50 Years in Business)
In this episode, Jack David, founder of ECW Press, reflects on his 50 years in the publishing industry, sharing stories of resilience, notable authors like Neil Peart, and the challenges faced in adapting to a changing market. He discusses the importance of discovering unique stories, the journey of publishing 'Market Masters', and his insights on the future of publishing, including the rise of audiobooks and the impact of AI.
KEY TAKEAWAYS:
- Jack David celebrates 50 years of ECW Press, emphasizing the importance of resilience in publishing
- The Neil Peart story was a pivotal moment for ECW Press, saving the company financially
- Jack faced significant banking challenges but found support from CIBC after being cut off by TD Bank
- The publishing industry has undergone drastic changes, especially with the rise of digital formats
- Jack's motivation stems from a desire to share unique stories and support authors
- The journey of publishing 'Market Masters' highlights the importance of believing in a project
- Jack emphasizes the need for authors to actively promote their books in today's market
- Audiobooks are becoming increasingly popular, surpassing e-books in sales
- Jack encourages aspiring authors to research publishers and tailor their submissions accordingly
- The future of publishing will involve adapting to new technologies, including AI
#investing #stocks #personalfinance #wealth #podcast
Tags: ECW Press, Jack David, Neil Peart, publishing industry, Canadian authors, Market Masters, challenges in publishing, resilience, adapting to change, future of books
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