...whatever Inducements Columbus had for his attempting these Discoveries Westward, he proposed the finding out a Way to the East-Indies by the Western Ocean, to King John of Portugal; and gave such substantial Reasons for the Attempt, that the King seemed to think the Thing very probable, though he did not like the Terms this Adventurer proposed. At several times he made Application to the Genoese, and Henry VII. King of England...--From A system of geography--
...applied himself to Ferdinand and Isabella, King and Queen of Castile and Arragon, who, in the Year 1492. provided him with Money, and entrusted him with the equipping and fitting out three small Ships for the Expedition: He also obtained a Grant from their Majesties to be Admiral of the Western Seas, that all Civil Employments, as well as Governments, in the Continent or World to be discovered, should be wholly at his Disposal; and, besides the Revenues of the Posts of Admiral and Viceroy, he should enjoy a tenth of all the Profits arising by future Conquests in those yet unknown Lands.
Ten percent of all future profits; that sounds insane. But you know the British and Portuguese probably kicked themselves for not agreeing to pay it.
We often hear people complaining about how much someone else is paid, but there are people who are worth the price and can deliver; if you don't pay them what they ask, the people who do will eat your lunch.