Tuesday, 22 March 2011

The best time for entrepreneurship (Part 3 of 4)

Undecided, the old Alvise stared at his son. Who could deny that the economic situation was catastrophic? "I know that it can be done, father," insisted Pietro. "We don't need the Fairs of Champagne. We can build larger ships, galleys able to sail around Spain and France. We will take leather, spices, and glassware to Bruges and return with a full cargo of cloth."

During the next weeks, Luigi and Pietro Alvise called relentlessly on other merchants in Venice until they managed to line up 100 investors ready to fund the construction of a double-deck galley. The new ship had two masts and weighed 500 tons, something unheard of at that time. Traditional Venetian galleys possessed only one deck and rarely exceeded 200 tons.

To be continued in the next post.

[Text: http://johnvespasian.blogspot.com]

[Image by jimbowen0306 under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]