That someone is actually considering this demonstrates how screwed up US immigration policy is these days:

To get around the government’s immigration choke-hold, the much-discussed startup plans to sail foreign innovators 12 miles off the Northern California shore, into international waters. Once there, governed only by loosely enforced maritime treaties, these entrepreneurs can ply their trade without worrying about worker visas or various other immigration regulations. And they can live in San Francisco. Ferries will shuttle them back and forth.