The speaker discusses the concept of "Pirate Incorporated" as a business model. The business operates like any other, creating a product or service to customers in exchange for money. This money is then spent on equipment and personnel to produce more products for more customers, thus generating more money. The difference with a pirate business is that the customers do not wish to be serviced, regardless of the correct spending on equipment and personnel. The business will still service them. The speaker emphasizes that not servicing customers could lead to poverty in the societal and technological environment.
The speaker then introduces the concept of a pirate company, where income is generated by seizing the biggest treasure while incurring the least cost. This is achieved through branding, which is built on the foundation of a solid business mind. The speaker mentions that brands are memorable and battles flashy, but they don't happen without contracts and spreadsheets.
The speaker outlines a contract for the voyage, which sets the voting methods, codes of conduct, punishments for violating those codes, distribution of paying workmen's compensation, etc. The contract also sets the rules of the pirate enterprise, which includes two elected offices: the captain and the quartermaster. The captain is not the boss but serves at the pleasure of the crew. If the crew is unhappy with the captain's strategic decisions, they can replace him at any time by a majority vote.
The quartermaster oversees the ship, the men, their quarters, their rations, agreed-upon privileges, and punishments. The speaker mentions that the crew is not paid in wages but with one share of the profit. The captain gets two shares for the strategic decisions he makes, the quartermaster gets one and one-half, and the labor gets one and one-fourth.
The speaker concludes by emphasizing that the crew is not here to sell their labor to distant and disinterested owners but to taste the fruit of their labors directly to make money. The only thing standing in their way is the cost of ship repairs and personnel repairs. The speaker mentions that the crew is not compelled to join and encourages the captain to speak.
1. To be a pirate, one needs to understand that it is a business. A crew, ship, or brand cannot exist without a business model to support them [Document(page_content="00:00:00.00: so how does this work exactly if you'd\n00:00:02.19: like to be a pirate you need understand\n00:00:04.11: it is a business you can't have a crew\n00:00:06.30: or a ship or a brand without a business\n00:00:09.06: model to support them but pirate\n00:00:10.83: business is like any other make a\n00:00:12.78: product or provide a service to your\n00:00:14.61: customers in exchange for money then\n00:00:16.50: spend that money on equipment and\n00:00:18.36: personnel to make more product for more\n00:00:20.43: customers for more money the difference\n00:00:22.38: with piracy Incorporated is our\n00:00:24.45: customers don't wish to be serviced no\n00:00:27.51: matter with the correct spending on\n00:00:29.16: equipment and personnel the business\n00:00:31.02: will service them regardless do you have\n00:00:33.93: to my boy\n00:00:35.31: if we don't service our customers\n00:00:37.14: someone else will and the reward for our\n00:00:39.87: abstemious\n00:00:41.13: will be poverty in our societal and\n00:00:44.04: technological environment and economic\n00:00:46.59: niche exists and this incorporation of\n00:00:49.56: pirates fills its shape as whiskey fills\n00:00:52.26: a barrel such as life\n00:00:53.97: the motions we choose but the sum of\n00:00:56.04: forces upon us I became a pirate as the\n00:00:59.22: gold in this grail chose its form the\n00:01:01.65: both of us now cogs of this machine that\n00:01:04.26: profits on the high seas for parishes ok\n00:01:07.49: profit is income - expenses and for\n00:01:10.65: pirate company income means seizing the\n00:01:12.90: biggest booty seizing the biggest\n00:01:16.86: treasure while provoking the least cost\n00:01:19.26: inducing resistance the captain is more\n00:01:22.32: than happy to explain how we accomplish\n00:01:24.54: that through branding branding built on\n00:01:26.58: the foundation of a solid business mind\n00:01:28.44: you brands are memorable and battles\n00:01:30.39: flashy but they don't happen without\n00:01:32.31: contracts and spreadsheets thus before\n00:01:34.53: we set sail there will be a contract for\n00:01:36.81: the voyage that we choose not to live\n00:01:38.55: under the Empire's law we still have\n00:01:40.71: rules of our own to which all men have\n0