What do cruise ships, pirates, and PayPal have in common?
More than we would guess.
According to PopSci, one hundred-plus technology companies from countries such as India and Australia are looking to make a move onto a floating city located in international waters outside of Silicon Valley. Dubbed the “Blueseed” project, one of its co-founders Peter Thiel, is also co-founder of PayPal.
The project endeavors to convert cruise ships and redesigned barges into a pirate island on which tech companies would be headquartered. These companies would be able to provide housing, working space, and entertainment facilities for nearly 1,000 paying customers and employees at a rate of $1,200 to $3,000 monthly.
Why would international tech companies want to operate from a pirate island in the U.S.?