There is a very interesting HBS case on whaling [0]. It explains how the high risk and high return nature of whaling drove the development of concepts like synd

There is a very interesting HBS case on whaling [0]. It explains how the high risk and high return nature of whaling drove the development of concepts like syndication and limited liability corps that we take for granted today. Pretty interesting the tangible connections of modern startups and VC to hunting for whales. [0] - https://www.hbs.edu/faculty/Pages/item.aspx?num=43322 https://www.hbs.edu/faculty/Pages/item.aspx?num=43322