What is "blueseed"

Blueseed is a Silicon Valley-based startup company and a seasteading venture to create a startup community located on a vessel stationed in international waters near the coast of Silicon Valley in the United States. The intended location (outside the territorial seas of the United States, 12 nautical miles from the coast of California, in the so-called “contiguous zone”) would enable non-U.S. startup entrepreneurs to work on their ventures without the need for a US work visa (H1B), while living in proximity to Silicon Valley and using relatively easier to obtain business and tourism visas (B1/B2) to travel to the mainland. After the conclusion of their incubation on the vessel, successful startups may relocate to Silicon Valley and employ local workforce. The project received wide media coverage and the promise of funding from venture capitalist Peter Thiel, who also supports The Seasteading Institute, who ultimately did not invest in the seed round. Blueseed later obtained in seed funding, Bitcoin investments, and $9M from an undisclosed investor and planned to lease a ship for its platform. Launch was planned for summer 2014, provided that $18M more was raised.

Blueseed is now on hold due to insufficient funding and the founders are working on different projects.