Via the NY Daily News:
Peter Thiel has made his fortune by being part of the next big thing: He was a co-founder of Paypal and one of the early investors of Facebook. But a new Details profile sums up his new plans: “Forget startup companies. The next frontier is startup countries.”
Thiel has donated $1.25 million to the Seasteading Institute, the brainchild of Patri Friedman, a former Google engineer and grandson of economist Milton Friedman. Here’s the gist: creation of libertarian, sovereign nations built on oil-rig-type platforms anchored in international waters and free from the laws and moral codes of any other country.
Plans for the prototype include a movable, diesel-powered 12,000-ton structure that could house 270 residents. The goal would be to eventually link hundreds of the structures together. Friedman’s timeline is to launch offices off San Francisco next year, get a full-time settlement within seven years and eventually diplomatic recognition from the UN.