The story
History
Blueseed was co-founded in July 2011 by Max Marty and Dario Mutabdzija, who had worked together at The Seasteading Institute as Directors of Business Strategy and Legal Strategy, respectively. Blueseed's CIO/CTO (later COO), Dan Dascalescu, who joined the company shortly after its incorporation, is also an ambassador for the Seasteading Institute.
The stated motivations of the project included providing an entrepreneurial alternative to the Startup Visa Act and creating "a vibrant workplace for innovative industries to bloom, unencumbered by onerous regulations on new technology-sector businesses".
On November 30, 2011, venture capitalist Peter Thiel offered to lead Blueseed's seed financing round. The number of startups that expressed interest in locating on Blueseed grew from 31 on November 14, 2011, to 60 a month later, to over 100 by February 2012, 133 on May 7, 194 as of May 9, and 336 on December 13, 2012.
In March 2013, Blueseed announced the project's launch cost to be $27M, of which $9M was reserved for an existing investor.
On July 31, 2013, two years after its founding, Blueseed co-founder Marty announced that he was stepping down from his day-to-day activities at the company and taking the role of Chairman of the Board of Directors. Dascalescu, the erstwhile CIO/CTO, became the COO of Blueseed, while Mutabdzija took the role of CEO.
Blueseed originally estimated a launch timeframe of Q3 2013. It revised its launch estimate to Q3-Q4 2014.
The project was put on hold due to lack of funding.
Origins of the idea
Blueseed co-founder Marty claims that the idea of Blueseed came to him while on a Reason Cruise in February 2011.
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A Los Angeles Times article about Blueseed noted that another company called SeaCode, led by Roger Green and David Cook, had attempted something similar in the past but had to put the project aside because they were unable to raise enough money to launch.
From Wikipedia’s article on Blueseed, shared under CC BY-SA 4.0.3