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December 05, 2011

Blueseed Seastead funded by Peter Thiel

Blueseed a seasteading company is getting a funding round led by Peter Thiel

Venture beat talks about the seed round and other details about Blueseed


The Economist covers seasteading and Blueseed and other companies.

A breakaway group from TSI (The Seastead Institute) is working on a simpler and cheaper idea called Blueseed. The idea is to convert a cruise liner into an offshore “incubator” for small, high-tech start-ups and position it just outside American territorial waters off California. The attraction for the start-ups is that they would be able to hire foreign engineers and scientists without the hassle of getting work visas for them.

Dario Mutabdzija of Blueseed says chartering and adapting a cruise ship should cost $15m-50m, depending on its size, and the combined rent for a tenant’s living quarters and office space might be around $2,000 a month, comparable with costs in Silicon Valley.

There is a 328' ice classed expedition cruise ship with proven polar capabilities for sale for about $2.9 million. The vessel has a comfortable layout with attractive accommodations for up to about 230 passengers plus up to 70 crew. The vessel is in Class with current certificates and is in fully operational condition. It is equipped and set up to be able to do polar cruises in both the Arctic and Antarctica.




($11.5 million) Danish built 381' Cruise Ship offers all the luxuries and amenities of a fine resort, including a casino. The vessel is in very good condition and superbly equipped. It is fully operational and ready to start earning income for its new owners. It is fully certified and has a current Classification: Lloyds +100 A1 +LMC. Take advantage of its very competitive price. Accommodations Berths for over 500 passengers in 231 cabins of various classes and sizes. 127 Crew cabins of various types and sizes.



There are other websites with prices on used cruiseships which seem suitable for the Blueseed Seastead.

Clubstead

In 2010 a group of marine engineers produced a detailed design study for the ClubStead—a floating resort city which would sit perhaps 100 nautical miles off the Californian coast, with 70 staff and 200 guests. It would combine the comforts of a cruise ship with the resistance to wind and waves of an oil platform, which its design closely resembles. Seven storeys of buildings would be cantilevered off the columns and, in an idea borrowed from bridge design, its extensive open decks are slung from cables. There would be solar panels (and gardens) on the roofs of these buildings, but the ClubStead would also rely on diesel power. It would make its own fresh water from seawater and have two helipads and a dock for boats.

The ClubStead design study includes a lot of detailed work on wind and wave resistance, construction methods, and so on. But its authors admit that much more would need to be done to produce a full blueprint ready for a shipyard to start building it. Nigel Barltrop, professor of naval architecture at Strathclyde University in Scotland, says he has “little doubt that you can do something like this and make it work”. But he thinks the structure may need further reinforcement to prevent fatigue—think of all of those metal joints constantly creaking in the waves. Otherwise the result could be a disaster like the collapse in 1980 of the Alexander Kielland, a floating accommodation block for North Sea oil workers, which broke apart and capsized, killing 123 people.

Besides its moderately spacious apartments, the ClubStead would have room for either a casino resort or a “medical tourism” centre. Many of the staff could be non-Americans who would otherwise struggle to get visas. They could spend most of the time aboard, taking occasional shore leave on tourist visas. The designers reckon it would cost $114m—less than some land-based luxury hotels—of which the biggest item is constructing and kitting out the apartments, at just under $50m. Running costs would be $3.4m a year.

Just Offshoring

If the sort of “just-offshoring” approach of the ClubStead and Blueseed projects can prove itself, it might be attractive for several industries in which large revenues are generated by relatively small numbers of skilled people, and which are subject to onerous taxes or regulation. Financial trading, gambling and cosmetic surgery are obvious candidates. Private hospitals could provide new treatments that have been approved by other countries but not by America’s sluggish regulators.

Rather than deciding in advance which line of business will be a seastead’s livelihood, Mr Petrie has a more Darwinian idea, one that libertarians should warm to: create a large expanse of floating “land” in mid-ocean and rent it out to whoever wants it. Individual homes and business premises would be winched aboard on cranes and bolted down. If their owners don’t pay the rent, they could be lifted out and replaced. The seastead thus “evolves and finds its way”, says Mr Petrie. He has set himself the objective of making the cost of living on a seastead not much more than the average for upper-middle-income housing in a typical American city.

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