Blueseed’s plan is to park a boat full of startups in international waters, 12 nautical miles off of Half Moon Bay, south of San Francisco. Foreign entrepreneurs who want to come to Silicon Valley would use Blueseed to make an end run around immigration laws. Tenants would pay $1,200 a month to live and work on the vessel, from which they could prowl the Valley (via a 30-minute ferry ride). They’ll need a tourist or business visa but not those hard-to-wangle work papers. Blueseed isn’t flouting the regulations, cofounder Max Marty says. It’s simply “using the existing code in a different way.”
The company has raised a third of the $27 million it says is needed to cast off, and the founders claim to have enough interest from startups to fill the vessel. Marty expects the project to set sail in mid-2014.