Pay Pal Co-Founder Funds A Floating City…For Science

Ship will launch in 3rd quarter of 2013

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Pay Pal Co-Founder Funds A Floating City…For Science
[ Business]

Blueseed co-founder and CEO Max Marty has a dream. In his dream there is a floating city of sorts 12 miles off shore from Silicon Valley in the middle of the San Francisco Bay. The project, named Blueseed, is an idea that it would operate as a kind of floating laboratory for entrepreneurs who can’t officially immigrate to America due to restrictions on work visas.

The project is being funded by PayPal co-founder Peter Thiel, he has become an important philanthropist and venture capitalist investing in companies such as SpaceX, LinkedIn, and Spotify.

Marty told Reason TV that:

“The idea of a city in the bay is both a reaction to and a solution to U.S. laws that prevent foreign innovators from coming to Silicon Valley. But by placing Blueseed just a half-hour from the shore, these innovators would be close enough to access Silicon Valley’s infrastructure. Once their companies are large enough, Marty says they’ll be able to move to the mainland and become a part of the U.S. tax base.”

The Blueseed city/ship would combine both work and living spaces and even contain trees and lawns. The design shows an obvious influence from Google’s famous headquarters. In fact, Blueseed calls it the “Googleplex of the Sea.”

People accepted into the program would have to pay about $1,200 a month which would cover the price of the room and the office space. Food and security will be available but no word on if the food is included in the price or if you have to pay more.

Blueseed is planning on launching it’s ship in the 3rd quarter of 2012.

photo courtesy of blueseed.co

Pay Pal Co-Founder Funds A Floating City…For Science
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  • http://www.LAokay.com Steve G

    I think it’s a bad idea. The internet made it possible to work from virtually anywhere in the world. You don’t need to be off the coast of California to create a technology company that eventually will move to silicon valley. To me it’s just an overpriced floating hotel.

    • Praveen Mittal

      The Blueseed FAQ explains why working remotely doesn’t work for startups. See http://www.blueseed.co/faq.html#telepresence

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