Can a Silicon Valley Startup Outsmart Immigration Officials?

America's limited work-visa program is causing a crisis in the high-tech industry. Just 65,000 work-visas are issued each year and many foreigners educated in the US — sometimes at taxpayer expense — have to stay on waiting lists for years. So, many go home or to other countries, choking off the supply of immigrants regarded as the lifeblood of Silicon Valley. Now there's a plan to anchor a cruise ship 12 miles off shore in international waters, where potential entrepreneurs can live and commute to Silicon Valley on business tourism visas. It's called Blueseed, and Sam Bhagwat is the Chief Financial Officer.