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Typo: The Last American Typesetter or How I Made and Lost 4 Million Dollars ReviewThe book certainly held my interest, and I enjoyed reading it. The blow-by-blow story of how an American company is crushed by industry forces (in this case, failing to adapt to low wage off-shoring competition) is compelling.
And yet, after finishing the book, the more I reflected on it, the less I liked it, and the less comfortable I felt with the author. One the plus side, he comes across as being forthright, and I give him props for baring his soul about how his company failed under his watch. Not many people would do that.
At the same time, Silverman did not seem to have much respect or empathy for his employees. He goes out of his way to make derogatory comments about their appearance or habits. The whole state of Iowa is portrayed as a grotesque backwater ... there are gratuitous digs taken against other locations ... indeed, if I recall correctly, no place away from the East Coast gets his respect. And that actually doesn't bother me much, except, that (i) I'm not sure that Silverman ever reconciles his utter failure to reach his employees with his lack of appreciation for them, and (ii) who in their right mind would buy a company in small-town Iowa and expect it to be driven by hard-charging cutting-edge types? That's not a knock on Iowa; the hard truth is that in small towns, opportunities are limited, so many ambitious, intelligent people leave, setting up a negative cycle where it's hard to start a new business because the labor pool isn't right.
Beyond that, there's a little too much of a victim mentality in the book, as if the company would have been fine if Fortuna hadn't thrown all these cataclysms into its way. And yet, the challenges the company faced were fairly prosaic: competition, unscrupulous salesmen, customers who backed out of contracts, employees who were incompetent, obstructionist, and/or resistant to change. Significant challenges to be sure, but ones that should have been expected all along.
There appears to be an element of axe-grinding in this book, which makes me treat it cautiously. That's understandable; as Silverman says, he lost his life savings, his father's life savings, and his father and friend passed away during that time.
Finally, I agree with a previous reviewer: the subtitle is misleading, as Clarinda was not the last American typesetting company, and the obfuscation of the name of Silverman's previous company is curious; it at least should have been explained.
Typo: The Last American Typesetter or How I Made and Lost 4 Million Dollars OverviewTwo months before David Silverman's 32nd birthday, he visited the Charles Schwab branch in the basement of the World Trade Center to wire his father's life savings towards the purchase of the Clarinda Typesetting company in Clarinda, Iowa. Typo tells the true story of the Clarinda company's last rise and fall - and with it one entrepreneur's story of what it means to take on, run, and ultimately lose an entire life's work. This book is an American dream run aground, told with humor despite moments of tragedy. The story reveals the impact of losing part of an entire industry and answers questions about how that impacts American business. The reader sees in Clarinda's fate the potential peril faced by every company, and the lessons learned are applicable to anyone who wants to run his or her own business, succeed in a large corporation, and not be stranded by the reality of shifting markets, outsourcing, and, ultimately, capitalism itself.
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