Book smarts

The launch of BookSwim is only days away, and the startup’s founders are late for an appointment.

“We were out looking for shelving solutions for our warehouse,” says George Burke, 25.

“By that, we mean shelves,” translates Shamoon Siddiqui, 24.

Starting an Internet operation is serious business. But these graduates of New Jersey Institute of Technology know better than to take themselves too seriously. Grand dreams can rise or fall over mundane details, such as shelves for a warehouse that happens to be the basement of Siddiqui’s parents’ house.

BookSwim aims to be the “Netflix of books.” Since 1998, Netflix has become the king of online DVD services by renting batches of DVDs via the mail for a fixed monthly fee, and letting subscribers keep the movies as long as they like.

That’s how BookSwim is meant to work. Starting about March 15, for $15 to $20 per month, the company will send your top five book choices. Return three books in a prepaid envelope, and your next three choices will be mailed to you.

For now, the founders are the only employees and will handle the mailing themselves. Assuming demand develops, they plan to hire part-time helpers.

Orders can be placed at BookSwim.com, along with customers’ book ratings and comments. At launch, Burke and Siddiqui say they will have an inventory of about 80,000 books.

Siddiqui says the Web site will recommend titles based on customers’ past selections.

Hold on, guys. Don’t libraries lend books for free?

“The big complaint is most libraries have working hours — they typically close at 5 p.m.,” Siddiqui says. And someone may have checked out the book you want.

What’s wrong with book clubs?

“You still are filling up your house with unnecessary books,” Burke says. “We feel it’s not necessary to own a book, though you can have the option to buy if you like.”

They have honed this pitch during six months of quizzing strangers at libraries, bookstores, beaches and subway stations.

For now, downloadable electronic books aren’t on the menu. Burke and Siddiqui cite licensing issues and shortcomings of e-reader devices. So far, e-books only account for about one-tenth of 1 percent of the $25 billion U.S. publishing market, according to Dan Rose, former director of digital media for Amazon.com.

BookSwim prefers best-selling paperbacks that generate repeat rentals and are cheap to ship. Don’t expect to find many plump textbooks or obscure tomes.

“If you’re into Bavarian architecture from the 16th century, that stinks for us because we have to go out and buy that book,” says Burke, who is co-funding the venture through loans and the sale of Circular Orb, a Web design company he ran from his bedroom at his parents’ home. “We’re limiting our inventory based on what’s shippable, what’s rentable, and what doesn’t cost us too much to buy in the first place.”

The scheme may not be as far-fetched as it sounds.

“It’s an idea worth taking a close look at. … In general, the climate for investing right now is very good,” says Henry Kressel, a venture capitalist at Warburg Pincus and author of “Competing for the Future, How Digital Innovations Are Changing the World.”

BookSwim’s big fear should be copycats with deep pockets, says Fernando Alvarez, director of the entrepreneurship program at Rutgers Business School and one of Siddiqui’s professors in the school’s MBA program.

“The challenge is to prove the business works, but to stay under the radar screen of the people who can eat them alive,” Alvarez says. “They have to be successful, but not too successful.”

Burke and Siddiqui’s fixation on pulp fiction stems from long hours in bookstores.

“We would read in Barnes & Noble a lot because we were too cheap to buy the book,” Siddiqui says.

After earning computer engineering degrees from NJIT, he worked for area defense contractors — another motivation to dive into BookSwim. “It just seemed no matter how hard I worked, I was still this (tiny) piece of the puzzle. I wanted more control over the success of my labors.”

A year of planning has taught the partners to shelve their friendship during business hours. “I’m his boss, he’s my boss, that’s the way it is,” says Siddiqui, the son of Pakistani immigrants. They keep copious notes and swear by Google Alerts, a tool for tracking news on just about anything.

Siddiqui learned the value of organizational skills at NJIT in 2005, as leader of ill-fated efforts to build a robotic car for a national contest. NJIT is trying again this year — but Siddiqui is helping a rival team at Princeton University.

Libraries, meanwhile, don’t sound too worried by BookSwim .

“Been there, done that,” says Cheryl O’Connor of Infolink, a New Jersey library consortium. She says public libraries began as subscription services. If BookSwim promotes reading, “more power to them.”

Which brings us to that name. BookSwim, says Siddiqui, suggests an “ocean of books.”

Burke translates: “All the good names were taken.”