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The project and its folding shows the "not very feasibility of a 30 million upfront money" aproach, especially for a "non tested business concept" that is a hard sell to investors. Khalifa was able to raise 7,2 billion investor money but their business model points to "oceanic transport infrastructure" instead of "defying the state" as business model.

Khalifa offshore port infrastructure investment 7.2billion USD - this points to ocean colonization... think "MARINE BUSINESS CLUSTER seasteading" instead of "weired concept" steading...

The whole business model of "defying state authority as business core" is probably not a afortunate choice for a baystead in reach of a landlord who can force terms on it. The defiance idea is probably better with the subdue to nobody business model (http://concretesubmarine.activeboard.com/t58935854/subdue-to-nobody/ ) instead of a fixed barge in a bay.

For such a barge it would probably be much better to plugg into one of the five big businesss fields of ocean colonization ( Transport infrastructure / Oil Gas / Energy / Aguaculture / Real Estate/ ) instead.

Another lesson to learn is also that the scaleability of the project is a key factor - if starting it as a Ramform (concretesubmarine.activeboard.com/t51926036/establishing-a-ramform-floating-base-in-the-high-seas-concre/ ) the 300.000 they actually where able to raise could have brought the project trough the first transition (investor interest eyebrow raise, cash in and gear up for further expansion,)  (http://concretesubmarine.activeboard.com/t58002383/big-things-have-small-beginnings-transition-capability-key-f/ ) ( http://www.seasteading.org/forum-list/topic/big-things-have-small-beginnings-transition-capabilty-key-feature/ )

Further we already knew that "big upfront money floating projects" are fragile from the "freedom ship" project (http://freedomship.com/) there was no need to repeate that experiment - a profound study of the history of folded float out ventures would have avoided to repeat it - it was already clear that it will not work under big upfront sum conditions. (who does not know history is doomed to repeate it...)

Next lession to learn, do not put all your eggs into one basket, especially not into a "non tested fragile one" investors want  pipline style projects - 10 parallel projects, asuming that 8 will fold anyhow for a wide rang of reasons and only 2 will survive allow to learn and create something new.

In a comment on 20.nov 2011 i wrote:

do not put all your eggs in one basket with Blueseed...

http://www.seasteading.org/forum-list/topic/blueseed/page/2/#post-16557

 

Finally we all learn more from projects that fail than from projects that succeed go back to start try again...

 

Understand floating real estate - read more here:

http://concretesubmarine.activeboard.com/t58970064/understand-floating-real-estate-development/

Building Methods - read more here:

http://concretesubmarine.activeboard.com/t57819473/floating-concrete-platforms-building-methods/

Get a foothold in ocean colonization:

http://concretesubmarine.activeboard.com/t49529137/oceanic-frontier-develpment-investment-foothold-in-ocean-col/

Why global sustainability requires rocket fast technological progress and ocean colonization:

http://concretesubmarine.activeboard.com/t58921987/sustainability-population-growth-consumption-growth-ocean-co/

 



-- Edited by admin on Monday 10th of November 2014 07:36:20 PM



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oceanic living space for imigrants outside US borders, but near silicon valley...

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Quinn: Blueseed is a big idea that isn't this tech boom's kind of startup

By Michelle Quinn

06/07/2014 12:00:00 PM PDT

If all had gone as planned for Blueseed, there would already be a cruise ship anchored 12 nautical miles off the coast of Half Moon Bay.

Up to 1,000 foreign entrepreneurs would call Blueseed home and office. Aquatic shuttles would zip across the sea taking foreigners to Silicon Valley's unique ecosystem.

All in all, it would be a clever solution to the U.S. visa shortage that makes it difficult for foreign tech entrepreneurs to work in the U.S.

Needless to say, all did not go as planned.

Silicon Valley is littered with bad ideas that get funded, good ideas that come at the wrong time, and concepts that gain a following but don't "scale," or gain traction fast enough to win over investors.

And then there is a special category -- way-out proposals that solve a problem in a novel way. They garner excitement, some money and ready customers. But for a variety of reasons, they can't get started.

Count Blueseed in that last category.

Its founders had what still is a great idea. Rather than lobby for Congress to change laws, Blueseed's founders decided to take borders and governments out of the equation and create a tech incubator in international waters. When they unveiled their idea in 2011, Blueseed became a symbol of Silicon Valley crazy ingenuity, but with a business plan. It would make money charging rent, putting on events and taking a small stake in its residents' firms.

But Blueseed has hit a wall. It needs $30 million to launch, and has had no luck raising it.

"We have potential customers," said Dario Mutabdzija, a co-founder. "We've done a lot of the R&D, what kind of ship, etc., but we haven't been able to close a really big deal with investors."

Blueseed, it turned out, is just not this boom's kind of startup.

The prevailing startup, a byproduct of the recession and the last dot-com bust, starts small and tweaks its product until it finds the right market with hockey stick growth.

"Blueseed doesn't fit into that narrative," said Mutabdzija. The ship has to start big and fully functioning from the beginning. "You don't have much opportunity to reiterate and tweak it."

Still, Blueseed piqued the interests of some investors. Mike Maples at Floodgate and Trevor Kienzle of Correlation Ventures were reportedly part of a $300,000 seed round. Neither responded to a request for comment.

Given how much money Blueseed needs, its funding challenges make sense, said Anand Sanwal, chief executive of CB Insights, a New York research firm that tracks investment in startups.

"These guys have an untested market and a team that hasn't done this before," he said. "Scalability of this concept is not clear. Is there an opportunity to have three kinds of ships? Probably not."

Mutabdzija describes himself as an optimist who keeps going back to the drawing board. The central question, he says, is "what is the minimal viable product for Blueseed?"

A smaller Blueseed, say for 100, doesn't make sense given the amount of infrastructure needed. "Why do all this for a small boat?" said Mutabdzija.

And besides, smaller vessels struggle with the biggest risk factor of them all -- Mother Nature.

"You need to have a bigger vessel to absorb the waves and wind," he said.

If he moves Blueseed to land, there is the visa issue again, and besides, it is the ship that makes Blueseed unique. That's its edge.

No, Blueseed needs money. Mutabdzija is talking to a group of Chinese investors. If not successful, he says it will be hard to go back to investors in Silicon Valley asking for funding.

Blueseed's troubles are too bad because the political landscape hasn't changed. Congress hasn't passed immigration reform or created a startup entrepreneur visa. I expect the demand for Blueseed is still strong.

"It's a valuable idea in response to a clear community need for a solution," said Craig Montuori, executive director of PolitiHacks, a nonprofit advocacy group representing early stage startups. "We're losing founders and their companies due to our immigration laws. That's a problem."

If the concept gets packed away in mothballs, it won't be the first big idea to meet such a fate.



-- Edited by admin on Monday 10th of November 2014 06:01:40 PM

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www.mercurynews.com/michelle-quinn/ci_25912589/quinn-blueseed-is-big-idea-that-isnt-this

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A drawing provided by Blueseed Co. shows their ferry docking next their cruise ship outside of San Francisco. California startup Blueseed Co. wants to dock
 
A drawing provided by Blueseed Co. shows their ferry docking next their cruise ship outside of San Francisco. California startup Blueseed Co. wants to dock a vessel off the coast to house foreign entrepreneurs who have dreams of creating the next Google but can't get visas to work in the United States. The ship aims to provide a remedy by giving foreign entrepreneurs a place to build their companies only a short boat ride from high tech's hub. (AP Photo/Blueseed Co., ho) ( Anonymous )


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A drawing provided by Blueseed Co. shows their ferry docking next their cruise ship outside of San Francisco. California startup Blueseed Co. wants to dock
 
A drawing provided by Blueseed Co. shows their ferry docking next their cruise ship outside of San Francisco. California startup Blueseed Co. wants to dock a vessel off the coast to house foreign entrepreneurs who have dreams of creating the next Google but can't get visas to work in the United States. The ship aims to provide a remedy by giving foreign entrepreneurs a place to build their companies only a short boat ride from high tech's hub. (AP Photo/Blueseed Co.) ( Anonymous )

 



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www.seasteading.org/forum-list/reply/do-not-put-all-your-eggs-one-basket/

comment of Wilfried Ellmer at seasteading about Blueseed....November 20, 2011 at 2:45 pm

It is of essence that we do NOT put all our eggs into just one basket. Split the budget into lets say 10 equal parts and dedicate each part to one start up project to give it a try to come “real world” – then let the 10 projects develop and assume that 8 or 9 get shut down by some not predictable local factors, ( a intransigent coast guard official, a anti seasteading neighborhood initiative, customs not playing along, etc…) in the first year.

Pack up the failed start ups and re- asign their budgets to the 1-2 project left standing after the first year. You will end up with 1-2 seasteading projects “in the saddle” after the pilot project year and have some first success to report in a “media package” to go and look for larger scale investment and take it to the next level.

That is how big research driven companies do business – they always have dozends of pilot projects in their “pipelines” and they assume from the very beginning that due to circumstances of any kind only a few of those will make it in the end.

And this brings us back to Blueseed if TSI is touting big media on a single project that can fail in the very start up phase very easyly due to any kind of factors, a failure of Blueseed will be seen as a failure of the Seasteading Movement – so my advice : do not put all your eggs into one basket.

Well but i am giving free advice that nobody wants to hear on a “hidden forum” – with “no value asigned on the frontpage” – i normally get paid for my advice – so i will let it there…

Wil

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Transition capacity big things have small beginnings - read more here:

concretesubmarine.activeboard.com/t58002383/big-things-have-small-beginnings-transition-capability-key-f/
www.seasteading.org/forum-list/topic/big-things-have-small-beginnings-transition-capabilty-key-feature/

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That's so amazing. I have good time here.

fireboy and watergirl



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