Interestingly, the whaling industry had been similar to the way venture capital works today. Tom Nicholas talks about this in his book, "VC: An American Histor

Interestingly, the whaling industry had been similar to the way venture capital works today. Tom Nicholas talks about this in his book, "VC: An American History" [0]. [0]: https://www.bostonglobe.com/business/2019/10/01/today-venture-capitalists-owe-something-century-whalers/zulg0d1XpMX561OSWepcDM/story.html https://www.bostonglobe.com/business/2019/10/01/today-ventur...