PayPal Founder Peter Thiel Offers $100,000 in Matching Donations to The Seasteading Institute, Makes Grant of $250,000

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The Seasteading Institute, a non-profit with the goal of establishing the world's first financially and politically autonomous settlement on the ocean by the year 2015, has received renewed financial support from noted entrepreneur Peter Thiel, president of Clarium Capital and founding investor and board member of Facebook.

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The Seasteading Institute's flagship Poseidon Project seeks to establish a fully-autonomous settlement on the ocean by 2015.

Seasteading is one of the few technological frontiers that has the promise to create a new space for human freedom.

Peter Thiel, president of Clarium, technology investor, and libertarian philanthropist, has renewed his financial support of The Seasteading Institute (TSI) for 2010. He has pledged to match every donation to TSI made before July 24th, 2010 dollar-for-dollar up to $100,000. In addition, he is giving TSI a $250,000 grant.

“I think seasteading is not just possible, or desirable, but necessary,” said Thiel in his keynote address to the second Seasteading Conference, held September 2009 in San Francisco, CA. “Seasteading is one of the few technological frontiers that has the promise to create a new space for human freedom.”

“Peter Thiel is one of the most rigorous and effective defenders of liberty. His vision and generosity challenge us all to think big in what we can do to expand the frontiers of freedom,” said TSI founder and executive director Patri Friedman. “Thanks to his support, we will stay on track to launch the first seastead in 2015 and to keep building our large, diverse community.”

About the Seasteading Institute

The Seasteading Institute, established in 2008, is a registered 501(c)(3) nonprofit organization. TSI seeks to further the establishment and growth of permanent, autonomous ocean communities, enabling innovation with new political and social systems. For more information, visit

About Peter Thiel

Peter Thiel is president of Clarium, a global macro hedge fund manager. He is also a founder and partner of the Founders Fund, which helps launch new technology companies; the founding investor and board member of Facebook, which serves more than 350 million active users; and the head of the Thiel Foundation, which defends and promotes political, personal, and economic freedom.


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