2024-12-22T19:24:38-05:00 https://archinect.com/news/article/17174240/paypal-founder-invests-1-25-million-to-create-floating-micro-countries yukaroni 2011-08-17T08:51:00-04:00 >2024-01-23T19:16:08-05:00 <img src="https://archinect.gumlet.io/uploads/se/setqjmav33ifwtgq.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>Peter Thiel is known for having big ideas before everyone else - he launched Paypal, funded Facebook, and is now interested in building his very own start-up countries in the far off, open ocean. The self-made billionaire is working closely with the Seasteading Institute to create sovereign nations in international waters, free from the laws of any country.</p></em><br /><br /><p> PayPal founder <a href="http://en.wikipedia.org/wiki/Peter_Thiel" rel="nofollow" target="_blank">Peter Thiel</a>&nbsp;is working closely with the <a href="http://seasteading.org/" rel="nofollow" target="_blank">Seasteading Institute</a> to create sovereign nations in international waters, free from the laws of any country.</p>