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-- at a point now think Silicon Valley but with credit sixty degree ocean views and an anchor our next guest plans to turn -- old cruise ship.
In just a floating office for start off Sinatra -- who don't qualify for a basis to get into the United States.
Max -- Marty joins us.
-- company behind this venture and this tell us what this would actually be like this -- just like -- city floating off the coast of of California won't be on the boat.
We'll be a small town a community for entrepreneurs from around the world all part steepener com.
And live and work in an environment that's designed for it to Foster the success of their startup.
So what we're seeing kind of a rendering -- -- timetable by the way to get it up in while floating.
Well as long as all goes well with funding then it'll be by the end of next year 2013 okay how much does it cost and where you get -- The deal for this thing from.
All the total amount of money so -- -- ship so fixed a ship up because of course -- -- ship does not come with any office space etc.
Will cost between thirty million and about fifty million you have -- -- right now.
-- -- Well Peter Steele who is the lead investor behind PayPal your the co-founder of PayPal welcome -- is behind -- FaceBook.
Has committed some out of money and we're actually raising some other funds as well -- California to go terms of fundraising.
Well right now he's committed a little bit of capital.
And we're now talking to basically all -- all the big investors around the world who are -- to -- in these sorts of what what are called infrastructure projects.
-- accident at a reveal that -- sponsors have a ways to go on fundraising will follow up with you on that but I do wanna talk about the merits of it which is basically saying hey we need more.
Immigrants in this country high skilled immigrants which has been a big debate anyway what -- the legalities of this you can cut its -- not get around the law but how.
What do people have to have to get on the boats would vs beyond land they can get on there and and come come ashore and have meetings and -- like kind of thing what's.
With the legal.
Qualifications behind it.
Right so in order to get onto the ship you to have a legal way to come into the country itself.
Which we're we're -- everybody on board have a business and tourist travel Visa.
But that's a lot easier to get them the work Visa that you would have to have in order -- actually be able to work on to to do work a lot of payroll check inside the country.
But unfortunately the work reasons are not available at all -- -- there is no way for somebody who wants to come here -- create a company.
To actually be able to get the right work visas to do that in US soil.
Really interesting and wolf follow up with -- -- young people sign up and now how the fund raising goes by next year but Max thank you for coming on.
Appreciate it great -- -- blue seat as the company's.