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Finally, a Startup Visa That Works

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Re: Finally, a Startup Visa That Works

#41

I've been _soooo_ frustrated by this, running http://www.hackersandfounders.com . I can't tell you how many amazing entrepreneurs I've seen come into the area, and then have to leave because of visa issues. So, even though I'm way oversubscribed right, now, I'm burning a bit of bandwidth on the startup visa movement. Votizen (I have no attachment other than knowing the founders) is coming up with a crazy cool platfor…

How exactly does the message delivery work?

Re: Finally, a Startup Visa That Works

#42
post #37

Did the bill pass already? The article is not clear atleast to me, since it mentions "draft of the bill".

No, the bill was introduced last year and failed to have any action taken on it. This is the reintroduction, basically the very first step of a many-step process to become law.

Re: Finally, a Startup Visa That Works

#45
post #41

I've been _soooo_ frustrated by this, running http://www.hackersandfounders.com . I can't tell you how many amazing entrepreneurs I've seen come into the area, and then have to leave because of visa issues. So, even though I'm way oversubscribed right, now, I'm burning a bit of bandwidth on the startup visa movement. Votizen (I have no attachment other than knowing the founders) is coming up with a crazy cool platfor…

How exactly does the message delivery work?

The details are proprietary, so I don't know them. Having used the system, you validate your identity through sending the Votizen system your last name, city, and zip, which also identifies your specific elected officials to contact.

Re: Finally, a Startup Visa That Works

#46
post #15

When asked six weeks ago whether the Yuri Milner / SV Angel offers would affect which startups YC accepts, pg said "No, of course not." I would imagine that, if this legislation does pass, it might change his answer to that question, as all of a sudden that extra $150k becomes the difference between foreigners being able to get a Startup Visa to be accepted into YC or not. If you read this Paul, care to share any upd…

I am not speaking for PG, but as far as I understand it, foreigners can participate in YC and raise that $150K and go home if they want after the 3-month period.

There was never a pre-requisite that the founders had to be able to live/stay in the US.

Just that they have to be able to visit for at least 3 months.

So I don't see how that would affect it.

Re: Finally, a Startup Visa That Works

#47

I'm an Indian entrepreneur, and much as I'd love to see #3 see the light of day, I have this sinking feeling it's just way too ripe for exploitation. Foreign entrepreneurs whose business has generated at least $100,000 in sales from the U.S. Two years later, the startup must have created three new American jobs and either have raised over $100,000 in financing or be generating more than $100,000 in yearly revenue. A…

What are some ways that this clause could be misused? I'll pass these examples along.

The answer depends largely on intent (is the bill meant to be exclusively for startups or are the terms more inclusive) and consequently, on how you define a 'startup'.

Let's assume a hypothetical company in operation for 15 years outside the US with > 100000$ in revenue from the US market. 3 American hires now effectively represent an immediate ticket to a Visa for the founders. If I might hazard a guess, there'll be thousands of companies clamoring for a piece of the pie.

If this is intended for, I stand corrected (and I must add I think the bill is revolutionary). But 'Startup' Visa might then be a bit of a misnomer.

Re: Finally, a Startup Visa That Works

#49

I'm an Indian entrepreneur, and much as I'd love to see #3 see the light of day, I have this sinking feeling it's just way too ripe for exploitation. Foreign entrepreneurs whose business has generated at least $100,000 in sales from the U.S. Two years later, the startup must have created three new American jobs and either have raised over $100,000 in financing or be generating more than $100,000 in yearly revenue. A…

The company doesn't have to be be a quote-unquote "Startup" to be a viable business employing U.S citizens. If a mom-and-pop operation moves to the US and employs US citizens, does it really matter if it is going to grow fast?

Re: Finally, a Startup Visa That Works

#50
Wow....there is a lot of hyperbole generated on Techcrunch but this post is spot-on.

If this bill had been passed while I was still in the US, it definitely would have convinced me to stay.

The truth is, that if it is passed, I just might be inclined to go back - under the third category.

We will see what materializes though.

This could be pretty interesting either way.

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