"The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization—natural resources, new markets for English goods, leverage against the Spanish—without bearing the costs. Investors, meanwhile, were protected from catastrophic losses in the event of the project’s failure. The company established a settlement at Jamestown in 1607, and over the next eighteen years, the Crown granted the company two new charters, democratizing its governance and reforming its financial model. What began as an enterprise of investors seeking a dividend was funded a decade later almost exclusively by a public lottery."
https://encyclopediavirginia.org/entries/virginia-company-of-london/
1606 JackOFF. Be less of a dimwitted wonder dunce.
