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Entrepreneurs ponder floating colony

Even here in the world capital of far-fetched ideas, this one is more outlandish than most.

Two Silicon Valley entrepreneurs, frustrated by the shortage of visas that keep some of the world's brightest science and engineering minds from building companies on dry land, have hatched a plan to build a start-up colony in the middle of the Pacific.

Max Marty and Dario Mutabdzija say they plan to park a cruise ship 12 nautical miles off the coast of Northern California in international waters. Foreign-born entrepreneurs would live and work on the ship, building start-ups within commuting distance of Silicon Valley. They wouldn't have to get work visas that are so hard to come by.

The unusual project, called Blueseed, illustrates the fantastical lengths to which some in Silicon Valley are willing to go in their bid to bring more highly skilled foreign workers and entrepreneurs to its shores.

Click here for the full report by the Los Angeles Times.