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CNET News - Floating city of entrepreneurs aims to drop anchor

2012-07-03
Half Moon Bay California in the not-too-distant future this sleepy coastal town could become the main port of entry for a ship housing thousands of foreign-born tech workers co-founder max marty started the blue seed project as a way to help foreign entrepreneurs circumvent visa issues there is no entrepreneurial visa and I thought that was a terrible problem so Marty and his team decided to turn a cruise ship into a floating office park for up to 1,800 foreign entrepreneurs so we're projecting an average rent of about sixteen hundred dollars per person per month includes rent for living and office space the ferry service is back and forth will be about twenty to thirty dollars a leg 12 nautical miles behind me out to sea is where the blue seed cruise ship would drop anchor that's just far enough off the coast to be in international waters and under the law of whatever country's flag the ship ends up flying so far blue seed has raised about $100,000 a fraction of the necessary tens of millions of dollars they're asking for but it's not just the investing community who is skeptical I mean the whole concept of floating city just sort of inherently seems far-fetched it has an appeal but I don't think as an economic model it's as viable as it would be on land honestly I think it's a pipe dream even though I wanted to be real I mean it's there's so many hurdles here skeptics aside blueseed says over 250 companies have expressed interest in claiming half the beds aboard
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