Unbound publishing, the Kickstarter for books, just had its very first success: It reached its target so that it could produce and then publish a new book by none other than Terry Jones, of Monty Python fame. Why is the tech and publishing world so excited about a single book from a lone, unheard-of, pint-sized publisher? Because the whole principle behind Unbound is to take the ancient, leather-bound business model of book publishing, rip out its crumbling pages, and replace it with crowd-funding, social interaction, and tandem digital publications and real hardback books.
Here’s the core of Unbound’s idea: It proposes a new book on its website, and people choose to “donate” a small amount of money to it, in the hope that the book gets produced. The more money you donate, the more likely the target will be reached, and the bigger “treats” you get–right up to dinner with the author. When the target is reached, writing begins and people who’ve funded the book get special access to a back room at Unbound’s website, where they can interact in limited form with the author as the book emerges. At the end, an e-text is published and distributed, but you can also choose to get a high-quality hardback edition, printed on good paper with cloth binding for people who like their books to be weighty, well-designed, and smell like traditional books.
Another crowd sourcing example on the Internet!