- The Big Picture - http://www.ritholtz.com/blog -
VENTURE CAPITALISTS INVEST IN SOMALI PIRATES
Posted By Barry Ritholtz On November 20, 2008 @ 7:30 pm In BP Cafe,Markets,Venture Capital | Comments Disabled
VENTURE capitalists in New York and London are pumping millions of dollars into Somalia’s booming pirate sector.
Personnel issues are now dealt with via mentoring and third-party arbitration
The sharp-eyed investors say Indian Ocean piracy has replaced Bangladeshi t-shirt factories as the developing world’s strongest source of high-growth revenue streams.
Julian Cook, head of strategy at Porter, Pinkney and Turner (PPT), said: “The margins are very impressive. These guys can board a Chinese freighter or Saudi oil tanker and turn it around in less than a week. Usually without killing anyone.
VENTURE CAPITALISTS INVEST IN SOMALI PIRATES 
Daily Mash, November 2008
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2008/11/venture-capitalists-invest-in-somali-pirates/
URLs in this post:
 VENTURE CAPITALISTS INVEST IN SOMALI PIRATES: http://www.thedailymash.co.uk/index.php?option=com_content&task=view&id=1405&Itemid=59
Copyright © 2008 The Big Picture. All rights reserved.