I was chatting with a friend about how many books the “book library” MVP would need to include to be useful to entrepreneurs. He was thinking thousands or tens of thousands. However, I think it’s much less than that if you consider the number of books a person can read on their own. I’d imagine the average entrepreneur would get value from the MVP if a few hundred or even as few as one hundred books were included.
Let’s look at some numbers to demonstrate this, using my experience with this project as an example. Since February of this year, I’ve read 50 books, mostly biographies. By the end of the year, I aim to read 52 books, 1 per week on average.
Assuming I keep up that pace indefinitely, here’s how many books I’ll have read over various periods:
- Year 1: 52
- Year 2: 104
- Year 3: 156
- Year 4: 208
- Year 5: 260
- Year 10: 520
- Year 15: 780
- Year 20: 1,040
- Year 30: 1,560
- Year 40: 2,080
- Year 50: 2,600
I could read about 2,600 books at the absolute most, and that’s over 50 years. Even cracking 1,000 books would take me 20 years. And that’s reading a book a week, which my friends and family think is aggressive.
So, let’s say a founder reads half as fast: 2 books a month, or 26 books a year. Take all those numbers and cut them in half: 4 years to reach 100, 19 years to reach 500, and 38 years to reach 1,000.
Considering these figures, I think the “book library” could be hugely valuable to myself and other entrepreneurs. If I could use this tool to access the wisdom in a few hundred biographies to help me overcome hurdles, that would be the equivalent of several years of reading a book a week to acquire the same wisdom (assuming I remembered all of it). If the library included 1,000 books, it would be like accessing 20 years of reading.
I love reading. It’s my favorite way to learn. But it’s not a time-efficient way of learning. Reading is powerful for entrepreneurs perpetually short on time and always looking for solutions to pressing problems, but it’s not a time-efficient problem-solving tool.
I’m excited about the value this tool can offer to entrepreneurs. It could be a great learning and problem-solving tool for entrepreneurs—and one that’s time efficient. It doesn’t need thousands of books to be valuable when it launches. A few hundred or even a hundred could give entrepreneurs access to the wisdom they would otherwise have to spend several years reading books to acquire.
Reading is valuable and something I plan to do as long as possible. I don’t want this tool to replace reading, I want it to complement it by pointing entrepreneurs to the right information in the right book at the exact time they need it.