Fox Business News “After the Bell”: Max Marty live, 2011-Dec

Fox Business News “After the Bell”: Max Marty live, 2011-Dec


Despite being eager to drop anchor in the U.S., global entrepreneurs are facing major hurdles when it comes to obtaining a work visa. But one startup has a new idea to keep these high-skilled immigrants from sailing away to other lands and starting businesses there. Max Marty is the CEO and cofounder of a company called Blueseed. Okay, this is like the Love Boat for entreprenuers. This is amazing to me, this story. So we were were looking at this and saying, ‘get this guy on.’ First, explain to our viewers what your concept is. So we’re creating a channel through which foreign entrepreneurs can come and create their companies here, uh, here in Silicon Valley. Well, right outside Silicon Valley, and then be able to move their companies into Silicon Valley proper when they’re large enough. So it’s a visa-free startup technology incubator that’s going to be on a ship 12 miles off the coast of the San Francisco Bay Area. Well, it sounds wild, but sometimes wild plans come true. How far along are you on developing this? So we’ve gotten some investors and Peter Thiel just decided to lead our seed funding round. Uh, it’s a $500,000 seed funding round, and he’s certainly going to be the principle lead in that. And uh, it’s still going to take us about another year, year and a half before we can be actually launching the vessel itself. But things are looking pretty good. Okay, we should let our viewers know that Peter Thiel is one the top venture capitalists out there, so if he gives you a nod with his wallet, that’s certainly something that might be supporting of a great idea. How will it work? Um, how would you make sure that the people who are on this boat are able to do it? And how will they create businesses while floating around 12 miles off the shore of San Francisco? So they’re going to create the businesses by- so, we’re going to have an environment on board that we’re calling the Googleplex of the sea. So it’s going to be a place that’s designed to inspire innovation, creativity, and really enable the success of these startups. And so, um, these people will come in to uh, to the U.S. on business and tourist travel visas. They’ll uh, come in to San Francisco International, get on a ferry and go out to the ship and that’s where they’ll be living and working uh, on their startups. Once the company is large enough that it sort of outgrows our facilities, all their connections, all their investors, heck, the parties that they go to on the weekends, will be here on Silicon Valley, so the successful ones will move right on in. Alright, the legality of all this, not only in terms of immigration laws, but also in terms of tax laws… Even if you’re not making money here, uh, you sometimes have to pay taxes here. What are the legal implications of all this? So this will be like uh, so for individuals, um, the U.S. government, for example, if you’re a U.S. citizen, you get taxed no matter where you are in the world, but for the companies that are onboard, they can be incorporated in various jurisdictions. So they can be incorporated here in the U.S., they can be incorporated in Delaware, and then would be paying U.S. taxes. Or they could be incorporated in other parts of the world. Once they move into Silicon Valley proper, they’ll have to figure that out, but that’s up to them and their tax attorneys. Max Marty from Blueseed, CEO. You are the CEO of Blueseed. Thank you, Marty. Good to see you; appreciate it. Thanks, thanks for having me on.

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About the Author: Oren Garnes

2 Comments

  1. in effect, this is a city state, ruled by corporation.. developing technology where no law has jurisdiction.. sound safe to you? sounds more like a evil masterminds plot from a cartoon show if u ask me

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