Blueseed
Location: PO BOX 70935, Palo Alto, California, United States, 94086, United States
Founded in: 2011
Stage: Alpha (prototype)
Number of employees: 1-5
Funding history:
- Date: 05/2012, Seed: $500 k (post valuation: undisclosed amount).
Investors: Peter Thiel
Short URL: vator.co/blueseed
Followers (177)
Awards and mentions
9437_835
Vator Splash LA June 2012 Finalist

Blueseed

Visa-free floating startup incubator 30 minutes from Silicon Valley
Startup/business
California, United States United States
http://blueseed.co

Blueseed will create a high tech visa-free startup incubator on a cruise ship moored 30 minutes from the coast of San Francisco, in international waters outside US jurisdiction.

6
About
Activities
Video/documents
News
Company description

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

 


Team
Business model

Rent ($1200 - $3000 per person per month) + Equity in each startup (2% - 9%) + additional revenue streams (TV shows, event space rental, food etc)

The startup 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).

 

Competitive advantage

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.

Competitive advantage

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.