Wednesday, March 24, 2010

Somali Pirates' Business Model

This is too rich not to share:

http://www.undispatch.com/somali-pirates-buisiness-model

Details on the multiple classes of shares, liquidation preference, and complex financing arrangements that go into a Somalian ransom operation. The thing practically reads like a VC term sheet.

Check out the UN report from which their description was pulled here.

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