CA startup sees entrepreneur-ship as visa solution

December 16, 2011 - 5:05 AM

SUNNYVALE, Calif. (AP) — You've heard of tech companies starting in a Silicon Valley garage. What about on a ship?

That's the idea being floated by the California startup Blueseed Co. They propose docking a vessel off the coast to house foreign entrepreneurs who have dreams of creating the next Google but can't get visas to work in the United States.

The ship would be a remodeled cruise ship or barge that Blueseed leases. Residents would pay $1,200 a month for work-live space. A ferry would speed them to the mainland for meetings in Silicon Valley.

Critics say investors should put their money behind American entrepreneurs. But Blueseed says many foreigners are behind successful American companies.

Blueseed wants to raise up to $30 million over the next 18 months and launch in late 2013.