Blueseed, a participant of the 10th Founder Showcase, was recently featured on TechCrunch after it was announced that Mike Maples of Floodgate will be investing in the first closing ($300k) of their $700k seed round. Geared towards tackling strict US immigration policies, Blueseed plans to build a sea platform approximately 30 miles off the coast of San Francisco where startup entrepreneurs who aren’t able to obtain visas can have access to Silicon Valley.
Since their debut last year, the team has received an overwhelmingly positive response to the project, including applications from over 1100 individuals throughout 64 countries. They also have several committed partners including Pillsbury Law and Fenwick & West.
Maples’ comments on the investment: “Floodgate has invested in Blueseed because we think it is critical to find new ways to empower the smartest and most talented people in the world to come together to build great companies without being encumbered by arcane work visa restrictions. We want to be part of the solution however we can and we love the Blueseed team’s willingness to tackle this problem in a totally original and ambitious way.”
To learn more about Blueseed and their nautical startup ventures, check out the full article on TechCrunch.
If your business is no more than 2 years old and has less than $250,000 in funding, you are eligible to participate in the 13th Founder Showcase Pitch Competition, taking place on March 27th, 2013 in Mountain View, CA. This international early-stage pitching event has helped launch countless startups to greatness and attracts hundreds of investors and press. Don’t wait - submit your application today.