Funded Seasteading Institute with $1.7M to create libertarian floating cities outside democratic governance
Apr 15, 2008Peter Thiel provided approximately $1.7 million in funding to the Seasteading Institute between 2008-2011, including an initial $500K pledge in April 2008. The institute's mission was to 'establish permanent, autonomous ocean communities to enable experimentation with diverse social, political, and legal systems' - essentially creating societies outside the reach of democratic governments. Thiel served on the board until 2011. He later expressed skepticism about the engineering feasibility in 2017.