First, paying off a house in 20 years is pretty decent, and people make those investments all the time.
Second, this is Peter Thiel throwing money at his ideals. He's probably more concerned with generating publicity for the ideas than making a perfect investment.
Third, they are also taking equity. A single or two good buy-outs or IPOs could pay for the whole thing.
> " He's probably more concerned with generating publicity for the ideas than making a perfect investment."
And that's the problem. This strikes me as a Bioshock-y move - a libertarian who's sick of the "oppressive" government getting in his way, so now he's going to create his libertarian government-free paradise floating in the open seas.
... and has less to do with actually funding startups. The startups in this case seem like a means to an end, and as a startup I'd be very unsettled by that.
Not to mention, I can pay similar rent here in SF and not give up a big chunk of equity just to have office space.
Comments
First, paying off a house in 20 years is pretty decent, and people make those investments all the time.
Second, this is Peter Thiel throwing money at his ideals. He's probably more concerned with generating publicity for the ideas than making a perfect investment.
Third, they are also taking equity. A single or two good buy-outs or IPOs could pay for the whole thing.
> " He's probably more concerned with generating publicity for the ideas than making a perfect investment."
And that's the problem. This strikes me as a Bioshock-y move - a libertarian who's sick of the "oppressive" government getting in his way, so now he's going to create his libertarian government-free paradise floating in the open seas.
... and has less to do with actually funding startups. The startups in this case seem like a means to an end, and as a startup I'd be very unsettled by that.
Not to mention, I can pay similar rent here in SF and not give up a big chunk of equity just to have office space.