Blueseed is the name of the project, which is now accepting Bitcoin funding, that has the mission to change how foreign entrepreneurs get to know the North-American market and invest in it. The idea is based on a cruise ship, that will be located 12 nautical miles from the coast of San Francisco, and wants to become a startup community for 1000 entrepreneurs.
“The location allows startup entrepreneurs from anywhere in the world to launch or grow their companies near Silicon Valley, without the need for a US work visa. The ship will be converted into a coworking and co-living space, and will have high-speed Internet access and daily transportation to the mainland via ferry boat. So far, over 1300 entrepreneurs from 67 countries have expressed interest in living on Blueseed“, even without any kind of marketing, explains the project’s official website.
Being located in international waters, outside US jurisdiction, the entrepreneurs will be able to start or scale their companies without US work visas. They will just need the simpler B1 or B2 business or travel visas to visit the mainland by ferry.
Opening the project to Bitcoin happened mainly thanks to the work of the community BitAngels. According to the Blueseed project, “in light of last week’s major developments within the US House of Representatives and US Securities and Exchange Commission, Blueseed is announcing reaching a new milestone towards launching its startup ship for entrepreneurs – receiving the first investment from the first group of angel investors focused on the digital currency Bitcoin”.
Recently, the House Republican Conference strongly opposed the Comprehensive Immigration Reform bill passed by the Senate. The document included a section for granting an “invest” visa to international startup entrepreneurs. With this denial, Blueseed now represents a viable alternative to this political deadlock.
Also, the SEC announced that it will be lifting the ban on general solicitation: we are talking about a measure that has been preventing startups from publicly disclosing their ongoing fundraising campaigns. This way, Blueseed is now able to publicly announce its next fundraising and, maybe, collect more Bitcoin funds.
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