Peter Thiel invests in The Seasteading Institute
Thiel put down $500,000 so The Seasteading can start to build city-states in the open ocean. Sweet.
“Government is an industry with a really high barrier to entry,” he said. “You basically need to win an election or a revolution to try a new one. That’s a ridiculous barrier to entry. And it’s got enormous customer lock-in. People complain about their cellphone plans that are like two years, but think of the effort that it takes to change your citizenship.”
It’s an interesting idea, anyway.
Even if their big idea doesn’t end up panning out, their story should live on in internet lore for confirming the dream that two guys with a blog and a love of Ayn Rand can land half a million dollars to pursue their dream, no matter how off-kilter or off-grid it might seem.
