Investments

Whaling Ventures: The Business of Whaling and Its Legacy as the First Venture Capital

Whaling Ventures: Pioneering Venture Capital in the 19th CenturyThe whaling industry, a cornerstone of 19th-century commerce, was America’s first venture capital experiment. Centered in Nantucket and New Bedford, it generated $11 million at its 1853 peak, driven by agents like Charles W. Morgan who syndicated investments and used the lay...
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