Peter Thiel Makes Down Payment on Libertarian Ocean Colonies
May 22, 2008 | Source: Wired
With a $500,000 donation from PayPal founder Peter Thiel, a Google engineer and a former Sun Microsystems programmer have launched The Seasteading Institute, an organization dedicated to creating experimental ocean communities “with diverse social, political, and legal systems.”

Artist's conception of a large seastead based on the spur design (Valdemar Duran)
The seasteaders want to build their first prototype for a few million dollars, by scaling down and modifying an existing off-shore oil rig design known as a “spar platform.”