Showing posts with label Pirates. Show all posts
Showing posts with label Pirates. Show all posts

Thursday, September 16, 2010

The Somali Pirate Business Model


A piracy operation begins, as with any other start-up business, with venture capital. Each team requires a minimum of two attack skiffs, weapons, equipment, provisions, fuel and preferably a supply boat. The costs of the operation are usually borne by investors. The crew is responsible for organizing staff, finding a suitable ‘client’, negotiating the deal, and determining salaries based on duration of assignment and risk.