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### The Founding and the Thiel Investment
Thiel and Friedman cofounded the Seasteading Institute in 2008. The *Cambridge Repository|Cambridge academic analysis* of seasteading documents the founding as a joint project of Friedman's policy framework and Thiel's capital. Thiel's initial investment was approximately 500,000 dollars, growing to approximately 1.7 million dollars cumulatively before his 2011 board resignation. The *Guardian* reported in January 2017 that Thiel's launch investment had made seasteading "the movement of the moment" in Silicon Valley libertarian circles.[^2][^3][^6]
Thiel and Friedman cofounded the Seasteading Institute in 2008. The *Cambridge Repository|Cambridge academic analysis* of seasteading documents the founding as a joint project of Friedman's policy framework and Thiel's capital. Thiel's initial investment was approximately 500,000 dollars, growing to approximately 1.7 million dollars cumulatively before his 2011 board resignation. The *Guardian* reported in January 2017 that Thiel's launch investment had made seasteading "the movement of the moment" in [[Silicon Valley]] libertarian circles.[^2][^3][^6]
Thiel resigned from the Seasteading Institute board in 2011, coinciding with the period of his documented [[Jeffrey Epstein]] relationship and the founding of the [[Neoreaction]]-patronage engagement with [[Curtis Yarvin]]. The seasteading project's institutional form (the sovereign floating community outside territorial jurisdiction) and the neoreactionary argument ([[Neocameralism|neocameralism]]: the sovereign territory as joint-stock corporate property) are the physical and political versions of the same thesis about the obsolescence of territorial nation-states.[^4]