Blueseed

Blueseed is the Peter Thiel-backed visa-free offshore startup incubator situated on a ship 12 miles from the coast of Silicon Valley.

Being located outside the jurisdiction of the United States, but only half an hour by ferry from Silicon Valley, Blueseed will be an excellent platform for non-U.S. startups to develop their ideas in close proximity to the capital and talent from Silicon Valley.

For more details, please see http://blueseed.co

Max Marty, CEO

Dario Mutabdzija, President

Dan Dascalescu, CIO

Video: Max and co-founder Dario Mutabdzija speaking on the Stossel Show.

Team bios: blueseed.co/about-us.html

We have a business model that targets three customer segments - startup hosting, code shop, and distributed office, each allowing professionals without a US work visa to legally work within quick and convenient access to Silicon Valley.

Our business model is geared towards the hosting of foreign startups (who currently have no legal way of working in the US) and tech professionals, with compensation being a mix of rent payments and equity. The equity portion allows for "positive black swans", when a startup reaches a successful exit. Plans for growth include franchising and diversifying our model to other industries that could benefit from an improved immigration or regulatory regime (e.g. medical, biotech).

Our competition is the current way of obtaining the legal right to work in Silicon Valley: an H-1B work visa, which doesn't accommodate startup founders; an EB-5 investor visa, which requires an investment of $1M; or an E-2 "Treaty Investor" visa, which is only available to certain countries, excluding Brazil, Russia, India and China.

Blueseed's secret sauce is mooring a vessel just outside the US territorial waters, which will enable us to provide a visa-free and business-friendly work and living environment.