A king can't really consume all that much except for huge harems, in which case you get massive dynastic disputes via harem intrigue that wipe out most of the king's reproductive advantage, like in Persia. So special privileges asymmetrically protect the king from downside.
I wouldn't be surprised if the optimal distribution of shares to incentivize people to contribute was more equal than it typically is in startups.
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OK cool I think we agree here - my only real objection was the connotation that startups rather than pirate ships were a natural thing to ... anchor on.
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Pirate codes range from 1.5x share to 5x share (or 10x share relative to the "boys"), sometimes also compensation for use of the ship if the captain owns it: https://en.wikipedia.org/wiki/Pirate_code …
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