Offshoring Immigrant Investors

Timothy Lee on ARS TECHNICA has an interesting story about “business immigrant incubators.”  Some of the Silicon Valley’s most important companies, including Intel, Google, and Yahoo, were founded by immigrants. The U.S. immigration system makes it difficult for talented young people born outside of the United States to come here.

“There have been various proposals to make it easier for immigrant entrepreneurs to come to the United States, but they’ve made no progress in Congress. So a new company called Blueseed is seeking to bypass the political process and solve the problem directly. Blueseed plans to buy a ship and turn it into a floating incubator anchored in international waters off the coast of California.”

KJ