Over 100 technology companies have expressed an interest in becoming residents of a “floating city” which will dock in international waters just outside of Silicon Valley.
The project, known as “Blueseed”, is led by PayPal co-founder Peter Thiel, and hopes to convert a cruise ship or barge into a pirate island that is able to provide living and working space to some 1,000 paying customers.
The floating city will station itself 12 nautical miles from the coast of California, and have a crew of between 200 and 300 people.
The close proximity to Silicon Valley, while being in international waters, would allow international start-ups to work closely with established technology giants, without the need for a U.S. working visa.
Blueseed is hoping to launch in the third quarter of 2012.
Read the full story at: Boy Genius Report.