The floating city

A while back we featured the ambitions of Paypal co-founder Peter Thiel to create a government-free floating island utopia, and it seems that he didn’t set his sights too high.

Peter Thiel is inching closer towards realizing his dream of creating a government-free floating island utopia for tech startups off the coast of San Francisco. When last we feature the story Thiel and his cohort, former Google engineer and seasteading activist Patri Friedman, the idea was little more than a libertarian speech with some artist's renderings attached.

Now, riding a wave of investment capital from Thiel, the project has a website, a course to set sail, and a lineup of nearly 100 international technology companies that are ready to literally get onboard.

The project, which is now called Blueseed, is led by a team of execs plucked from Thiel's Seasteading Institute. Although the original plans for the floating tech village looked something like a fancy oil rig from the future, the latest plan is to either convert a cruise ship or remodel an old barge into a swanky island anchored just outside the jurisdiction of the United States.

Blueseed hopes to have room for around 1,000 inhabitants in the live/work cruise ship of their dreams, with all-inclusive rent estimated at about $1,200 to $3,000 per month, The company hopes to run twice-daily ferries from Half Moon Bay.

The primary goal of the new island nation is to allow international entrepreneurs a chance to get close to Silicon Valley's white-hot startup scene without all the messy paperwork involved in actually obtaining a work visa. According to Blueseed's own research, deportation of foreigners with Master's Degrees or Ph.Ds in Computer Science is becoming a real problem in the United States. Australian programmers, for example, are apparently excited about the plan, making up about 6% of the demand for onboard space.

One pressing concern still remains though: "What about pirates?" asks the company's FAQ. According to Blueseed's pirate expert, "they don't exist near California to begin with." We'll see if that holds true once someone with crabbing ship and a handful of black market assault rifles figures out there's a boat with free WiFi and 1,000 unattended MacBooks floating out there.

  Comment on this Article


Post to my facebook wall
Characters remaining

  • Adriaan Grove - posted 11 May 2012 10:26 AM                                    

    awesome.. 'floating your startup' or 'sinking startup' can now literary make more sense.

Latest Property News
  • 20 Jun 2018
    Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
  • 20 Jun 2018
    With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
  • 20 Jun 2018
    The average size of bond granted in SA has grown 7,7% in the past 12 months to R934 000, according to BetterBond, the country’s biggest bond originator.
  • 19 Jun 2018
    In the current market, letting out a property can be a good option as rental demand remains strong, especially in the northern suburbs of Johannesburg. This is according to Chris Renecle, MD of Renprop. However he says that before homeowners let their property out, there are five key points they should make sure are covered before they market the property for rent and sign any lease agreements.
  • 19 Jun 2018
    The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
  • 19 Jun 2018
    Douw Steyn, one of the richest men in the country, recently allowed a rare glimpse into his Fourways Palazzo when it was featured on the SABC lifestyle programme Top Billing - and it is beyond your wildest dreams!
  • 18 Jun 2018
    Many home sellers are motivated to appoint estate agents because they know that the agency will carry the costs of advertising and marketing their property.
  • 18 Jun 2018
    When a property is sold when it has a tenant in occupation, the questions often raised are: “What happens to the tenant if the landlord sells the property?”, and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for
Subscribe to the MyProperty Newsletter

Last Name  
Email Address  
Email Frequency
Share this Page

For Sale Property
Rental Property
More Options
Connect with us