Blueseed's crazy idea - skip to slides #18 & #54
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Blueseed's bonkers idea for housing non-visa having engineers in the Bay. Park a ship in int'l waters that houses 1000 engineers and ferry/helicopter in to work when needed. No H1B visa required. ...

Blueseed's bonkers idea for housing non-visa having engineers in the Bay. Park a ship in int'l waters that houses 1000 engineers and ferry/helicopter in to work when needed. No H1B visa required.

Skip to slides #18 & #54

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  • If the audience agrees that Silicon Valley is the best place for startups, skip the next 5 slides.
  • Paul Graham, the venture capitalist behind Y Combinator, believes that startups thrive in startup hubs.
  • Source: http://www.wipo.int/ipstats/en/statistics/patents/csv/wipo_pat_grant_by_office_origin_list.csv
  • The Bay Area is the most prolific in the US in terms of USPTO patents.
  • Source: http://www.ey.com/GL/en/Services/Strategic-Growth-Markets/Global-venture-capital-insights-and-trends-report
  • It’s cool to start a startup.Risk tolerance.Stanford, Berkeley, UC San Francisco, UC Santa Cruz.
  • On the H-1B layoff grace period: there is no official grace period after you are laid off. “Technically there is no grace period. An H-1B worker is considered out of status immediately after the employer-employee relationship is terminated. However, USCIS officers often overlook a brief gap between status. This is solely at the discretion of the adjudication officer and is not at all guaranteed.”http://immigrationroad.com/visa/h1b-worker/h1b-visa-status-and-layoff.phphttp://www.visapro.com/Immigration-Articles/?a=1288&z=48
  • The Startup Visa Act has seen no traction in Congress.http://www.govtrack.us/congress/bill.xpd?bill=s112-565 – also, “The majority of bills and resolutions never make it out of committee.”
  • Amit Aharoni founded CruiseWise (an online cruise booking company), secured $1.65 in venture funding, and created 9 jobs in San Francisco. USCIS sent him a letter notifying him that his visa has expired and he needs to leave the country.The guys from BufferApp (Twitter scheduling app, which Blueseed uses too) got $400,000 in funding, then their visas expired and they had to move out of the U.S.
  • Amit Aharoni founded CruiseWise (an online cruise booking company), secured $1.65 in venture funding, and created 9 jobs in San Francisco. USCIS sent him a letter notifying him that his visa has expired and he needs to leave the country.The guys from BufferApp (Twitter scheduling app, which Blueseed uses too) got $400,000 in funding, then their visas expired and they had to move out of the U.S.
  • Amit Aharoni founded CruiseWise (an online cruise booking company), secured $1.65 in venture funding, and created 9 jobs in San Francisco. USCIS sent him a letter notifying him that his visa has expired and he needs to leave the country.The guys from BufferApp (Twitter scheduling app, which Blueseed uses too) got $400,000 in funding, then their visas expired and they had to move out of the U.S.
  • This barbed wire metaphor was appreciated by a legislator we spoke with.
  • This is the first of the five key elements of our solution.
  • The Ocean Star Pacific. 512 cabins. 714/1231 pax. Built 1971. LOA 168m. 23149 GT.
  • 3.68M B1/B2 visas granted in 2010, vs. 117,000 H-1B visas.
  • Work on the shipCome to shore for business. Can’t work on shore, that’s what the ship is for.
  • Videos of our team on our YouTube channel:youtube.com/user/BlueseedProject
  • Blueseed has been making waves in the news…ArsTechnica, Associated Press, C|NET, TechCrunch, Venture Beat, Huffington Post, The Economist, USA Today, Fox Business News (3 times so far), WiredInternationally: Economic Times of India, Financial Times of Deutschland, Globe and Mail, El Pais, The Register, La Tribune
  • Updated statistics at blueseed.co/come-aboard/results
  • Top motivations:Living and working in an awesome startup- and technology- oriented spaceProximity to Silicon Valley’s investorsStreamlined regulatory environment
  • Top motivations:Living and working in an awesome startup- and technology- oriented spaceProximity to Silicon Valley’s investorsStreamlined regulatory environment
  • Focusing on creating an ecosystem that is conducive to collaboration, comfort, etc
  • From $1200 for a cabin shared among 4, to $3000 for a deluxe cabin.
  • Rent includes cabin and office space.
  • Weather might be a bit cold, but wall-climbing in the summer will be feasible.
  • 24/7 food, medical and security services. Image credit: Disney.
  • + WiMAX relay buoy mesh network
  • Marc Andreessen is the co-founder of Netscape and Ning, and sits on the board of directors of Facebook, eBay, and HP. His investment firm Andreessen Horrowitz owns a majority stake in Skype.
  • We are cost-competitive with San Francisco.
  • Blueseed is incentivized to help startups aboard succeed.
  • B1/B2 visa combo recommended.
  • 3.68M B1/B2 visas granted in 2010, vs. 117,000 H-1B visas.
  • For more questions, see our FAQ page.
  • If the US fixes visa immigration – truly fixes it, meaning they do a much better job than the startup VISA bill proposes and really solve the issue – Blueseed would move from being from 12 miles to 1 mile offshore. And if even that somehow fails, and Blueseed was the catalyst for this sort of policy change, we’d sleep very well at night. There are many other important problems to solve and we would be eager to go and solve them as well.
  • Blueseed’s custom built vessels dotting the world’s oceans
  • Videos of our team on our YouTube channel:youtube.com/user/BlueseedProject
  • http://blueseed.co/come-aboard
  • http://blueseed.co/come-aboard
  • Optimism, pessimism, fuck that. We’re gonna make it happen.-- Elon Musk, SpaceX

Blueseed's crazy idea - skip to slides #18 & #54 Blueseed's crazy idea - skip to slides #18 & #54 Presentation Transcript

  • International entrepreneurs in international waters
  • Table of contents 1. 2. 3. 4. There's no startup place like Silicon Valley But there’s no U.S. entrepreneur visa Blueseed’s novel win-win solution What will we offer? 1. Cost of living 2. Visas 3. Questions 5. How can you help?
  • What’s the best place on Earth for a startup entrepreneur? Silicon Valley? Of course Skip next 6 slides Tell me more Keep reading R E A S O N
  • R E A S O N Silicon Valley is the best place for startups Silicon Valley is the best place for startups – a unique combination of: Ideas Capital Culture
  • Ideas – US is #1 place to file patents R E A S O N Patents by office, 1995-2010 US Japan Republic of Korea European Patent Office China Russian Federation Germany 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 Source: WIPO - http://www.wipo.int/ipstats/en/statistics/patents/
  • Ideas – Silicon Valley is #1 U.S. area Top U.S. regions by number of US Patent & Trademark Office patents, 2006-2010 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 San Francisco Bay Area New YorkLos Angeles-Long Northern New Beach-Santa Jersey-Long Island Ana, CA Source: http://www.uspto.gov/web/offices/ac/ido/oeip/taf/cls_cbsa/allcbsa_gd.htm BostonCambridgeQuincy, MA-NH R E A S O N
  • Capital – US is the #1 region Venture capital investment (US$b) US $7.70 Europe $1.40 Israel $0.47 China India Canada R E A S O N $0.70 $0.20 $0.10 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 Source: Ernst & Young - Global quarterly venture capital investment by geography, 2Q’2010 $7.00 $8.00 $9.00
  • Capital – Silicon Valley is #1 area US venture capital investments by region, 2011 Silicon Valley New England NY Metro LA/Orange County Texas Midwest Southeast DC/Metroplex San Diego Northwest Colorado SouthWest Philadelphia Metro North Central Upstate NY South Central Sacramento/N.Cal Source: PricewaterhouseCoopers National Venture Capital Association MoneyTree Report, Regional Aggregate Data 2011 http://bit.ly/PWCMoneyTree2011 R E A S O N Amount % of total $11930M $3248M $2771M $1986M $1527M $1504M $1091M $1019M $892M $781M $627M $565M $485M $382M $119M $115M $67M 41.0% 11.2% 9.5% 6.8% 5.2% 5.2% 3.7% 3.5% 3.1% 2.7% 2.2% 1.9% 1.7% 1.3% 0.4% 0.4% 0.2%
  • Culture – Silicon Valley is unique Risk taking It’s OK to fail World class universities Cultural diversity Engineering tradition R E A S O N
  • So you want to come to Silicon Valley… But you are a foreigner! P R O B L E M
  • PROBLEM “There simply are no US visas available for entrepreneurs” -- American Immigration Lawyers Association, March 2012 Source: http://www.youtube.com/watch?v=FLCYfhZEFb8#t=3m15s
  • No U.S. visas for entrepreneurs Inadequate existing alternatives: Visa type Can work? Can selfemploy? Expires Restrictions B1/B2 Business, Tourist or Waiver ✗ ✗ <6 mo/yr in U.S. P R O B L E M Can’t earn income But can travel! E-2 Treaty Investor, or Employee of ✓ ✓ 2+2+2… yrs Not for India, Brazil, Russia, China “substantial” investment (~$100K) must own 50%+ of the business can’t convert to Green Card EB-5 Investor ✓ ✓ Never Must invest $1M+ and create 10 jobs H1-B Skilled worker ✓ ✗ 3+3 yrs If laid off, must find new sponsor ASAP – there is no grace period Cap at 65,000 per year L-1 Intra-company Transfer ✓ ✗ 3 yrs Must have worked at foreign branch for 1+ years
  • Political solutions? • • • • • • Startup Visa (Mar ‘11) - died Startup Act (Jun ‘11) - died IDEA Act (Dec ‘11) - died Startup Act 2.0 (May ‘12) - died Startup Act 3.0 – 2% chance Comprehensive Immigration Reform – opposed by House Source: GovTrack.us - http://www.wipo.int/ipstats/en/statistics/patents/ No progress in U.S. Congress on Startup Visa Acts
  • P R O B L E M Startup entrepreneur kicked out of US due to visa issues
  • P R O B L E M Startup kicked out of US due to visa issues
  • Startup entrepreneur kicked out of US due to visa issues P R O B L E M
  • Image credit: siliconvalley.com P R O B L E M
  • 1 Ship located 12 miles offshore, in international waters, outside US jurisdiction – Bahamas flag International waters line
  • 2 Convert the cruise ship to a live/work/play space for 1000
  • 3 Convenient travel both ways by ferry, helicopter 30 minutes to shore 20 minutes to Palo Alto
  • 4 Use B1/B2 business/tourist visa to travel to mainland & stay <180 days Average # of U.S. visas granted per year, 2006-2011 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 H-1B (skilled worker) L-1 (intracompany B1/B2 transfer) (business/tourism) Source: http://www.travel.state.gov/xls/FYs97-11_NIVDetailTable.xls O F F E R
  • 5 Streamlined customs checkpoint – e.g. “Global Entry” • U.S. Customs and Border Protection (CBP) program • For frequent low-risk travelers • Enter the U.S. by using automated kiosks
  • Work on the ship, in international waters Travel to the US using business/tourist visas, which are easier to obtain Bahamas flagged ship: • can earn income, start companies • streamlined regulatory environment Business/Tourist Visa: • can travel to US, 180 days/yr • can attend meetings, events • streamlined border entry S O L U T I O N
  • Where are we right now?
  • Press from A to Z (working on Qz and Xconomy)
  • On TV – CBS, CNN, BBC etc. (click to play videos)
  • Startups that expressed interest Latest stats at blueseed.co/come-aboard/results 1516 entrepreneurs United States 23% Other 34% India 10% 496 startups Singapore 2% China 2% Germany 2% France 3% Brazil 3% Spain 3% Canada 4% Australia 4% Russia 2% UK 6% Italy 2% 72 countries
  • Motivations for moving to Blueseed Not important Somewhat important Important Very important Critical An alternative to having to get US work visas for myself or other company founders 25.7% 16.0% 17.8% 18.8% 21.7% An alternative to having to get US work visas for my employees 26.3% 21.9% 21.7% 18.4% 11.7% Streamlined legal and regulatory environment made with low overhead in mind 7.5% 13.4% 26.5% 28.1% 24.5% Ease of finding talent 6.3% 14.0% 22.5% 30.8% 26.5% Proximity to Silicon Valley's investors 3.4% 10.5% 19.2% 30.8% 36.0% Living and working in an awesome startup- and technology- oriented space 1.0% 2.8% 10.9% 30.0% 55.3% Coolness factor / fame 14.2% 16.0% 24.3% 22.5% 23.1%
  • Top motivation for moving to Blueseed “Living and working in an awesome startup- and technology- oriented space”
  • The Blueseed formula High-tech university dorm 24/7 hackathon & coworking space Awesome startupand technologyoriented space S O L U T I O N
  • O F F E R Live/work/play environment onboard: “Googleplex of the Sea”
  • Cabins for different budgets O F F E R
  • Customizable office space O F F E R
  • Recreational facilities O F F E R
  • 24/7 food/medical/security O F F E R
  • High-speed Internet access Wireless 1Gbps+ link to shore Liquid Robotics ocean drone relays mesh network O3b satellite backup, 130ms round-trip, 500Mbps Future: fiber-optic cable O F F E R
  • Transportation to/from the mainland • Large capacity round-trip ferry boats, morning and evening • ~30 minutes from ship to shore
  • When time is critical, helicopters • Medical or other emergencies • ~20 minutes to Palo Alto
  • Amenities onboard Shared equipment: 3D printers etc Gyms Pool Sports fields Entertainment venues Convenience stores Game rooms Post Office ATMs Cafes Food service Concierge O F F E R
  • Accelerator programs 300 startups on the ship means… …multiple cohorts in parallel …variable-length programs, e.g. • 3 months for web startups • 6 months for biotech or robotics companies O F F E R
  • Startup accelerator services Connection with Silicon Valley startup events Access to angel investors and venture capital Networking activities Mentors and training programs Legal help: immigration, IP/patents etc. Events onboard + more… O F F E R
  • Benefits of being aboard Blueseed No visas or immigration restrictions Much lower regulatory costs – you choose where to incorporate Simplified business and regulatory environment Bring into your team talent from anywhere in the world No stressful commuting, no traffic “Perpetual hackathon” atmosphere You’ll be in the middle of cutting-edge innovation S O L U T I O N
  • Backup plans When moving to Blueseed, you’ll deposit an amount to cover transportation to your country of choice Q: Did your startup fail? A: The startup in the next cabin is probably hiring. “*in Silicon Valley+ every company I work with is absolutely starved for talent: qualified software engineers, managers, marketers and salespeople” - Marc Andreessen, August 2011, Wall Street Journal 83% of the tech startups in the U.S. are looking to hire in 2012. – Silicon Valley Bank survey Source: http://online.wsj.com/article/SB10001424053111903480904576512250915629460.html O F F E R
  • Cost of living aboard Blueseed (preliminary estimates; Blueseed doesn’t impose tax) Combination of rent • More cash + less equity, or • Less cash + more equity + startup equity Cash rent: from $1200/person/month (shared room for 4) Up to $3000/person/month (private room with ocean view) Cost includes office space! • San Francisco rent (May 2013): $2,211/mo • Plus desk at startup incubator: $500+/mo. O F F E R
  • Blueseed’s interests are aligned with yours Blueseed taking equity in startups We succeed if you succeed O F F E R
  • How we’ll work to reduce your rent (extra revenue streams) Media • Shows like “Shark Tank” can bring significant revenue Talent scouting • Offices aboard for big companies looking to hire brilliant entrepreneurs like you Early acquisition of startups • Since 2009, Google has been acquiring one new company per week. We’ll own equity in startups onboard, and cash in on exits. We’ll be a unique environment • Rent out space for events, conferences etc. • Hotel rooms for visitors • Other partnerships enhancing the ecosystem O F F E R
  • Visas you’ll need To live and work aboard Blueseed: no visa To travel to the U.S. mainland: • • • • business visa (B-1), or tourist visa (B-2; often combined with B-1), or Visa Waiver (some countries, valid only 3 months), or transit visa (least recommended) B1/B2 visas generally valid for 10 years Must spend at most 180 days/year in the U.S. Americans (e.g. investors) visit Blueseed freely O F F E R
  • Ease of getting business/tourist visa vs. work visa Average # of U.S. visas granted per year, 2006-2011 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 H-1B (skilled worker) L-1 (intracompany B1/B2 transfer) (business/tourism) Source: http://www.travel.state.gov/xls/FYs97-11_NIVDetailTable.xls O F F E R
  • What laws apply on board? The laws of the flag state • Bahamas (English common law) • Fair, efficient, speedy, predictable International commercial arbitration • You choose what country to incorporate in Taxes Patents – as usual • To country of residence/incorporation • No taxes paid to Blueseed • International patents (WIPO) • United States patents (USPTO) O F F E R
  • FAQ – blueseed.com/faq Seasickness • Not a problem: large vessel (200m x 30m) • Meclizine - inexpensive preventative medication Tsunamis, Hurricanes • Tsunamis/earthquakes doesn’t affect ships at sea • Hurricanes don’t exist near California Storms • Happen rarely; affect large vessels less • In case of “force majeure”, we can come to shore Pirates :) • We’re the only ones in the region :) O F F E R
  • When will Blueseed launch? Estimated: Q1 2015 R&D we’re conducting – your help is welcome: • Startup incubators – partner with us! • Media exposure – the more, the merrier • Cleantech companies – get in touch • Ambassadors – spread the word! If you can help – contact us: blueseed.com O F F E R
  • Near future Blueseed Los Angeles Blueseed East Coast
  • Long term vision
  • Concept ship – Terraces
  • Concept ship – Artful Containers
  • Concept ship – Hive
  • Blueseed Atoll concept – stabilization barges and floating breakwaters
  • Concept ship – Modern Hull
  • How can you come aboard? Get referred by a reputable: • Investor • Startup network – see blueseed.com/partners • Trusted contact – make a profile on AngelList Or directly: • Be awesome – apply online – get selected!
  • Dario Mutabdzija CEO Dan Dascalescu CTO/COO + partners… advisors… mentors… ambassadors… YOU! Baoguang Zhai Bus. Dev. The Blueseed Team
  • Apply online
  • Want to be a partner?
  • “The people who are crazy enough to think they can change the world, are the ones who do.” -- Steve Jobs, 1955-2011 www.blueseed.com info@blueseed.com