> " 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.