Foreign Entrepreneurs Eye StartUp Visa Act
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Foreign Entrepreneurs Eye StartUp Visa Act
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Re: Foreign Entrepreneurs Eye StartUp Visa Act
#2It is a good start, but here is another good idea to the lawmakers.
How about automatic Green Card to any H-1B holder that has been working in the US for more than 5 years.
1. To get a H-1B there is a prevailing wage that the employer has to pay. Enforce that well to avoid body shops type of miss usage.
2. If you were continuously paid that prevailing wage, that means that there is need for that skill your bring.
5th year the green card should be in the mail. I bet a lot of current H-1B holders are itching to start a startup, but they just can't easily walk away from jobs, or their statuses will be jeopardized.
I have to remember the HN community that there is a lot of good talent that are holding H-1Bs. Many of them went to US universities and transitioned from F-1 to H-1B. By the fifth year of employment they will reach 27, a good age to start something yours.
But unfortunately a lot of H-1B holders have to wait for years, and go through massive bureaucratic procedures to convert to a GC. Only lawyers and large employers profit from the current status.
When mobility of employers is restricted by artificial means, the economy and public in general looses some, while only few actors win/make a profit out of it.
Continuous employment for 5 years with good salaries is a good balance to show that there is a need for said foreigner.
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#3Interesting that it is trying to create jobs in a sector where demand mostly outstrips supply, but specifically looks to exclude the lower growth sectors that often supply the bulk of the jobs that have gone missing in the last few years.
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#4I sincerely hope that the congress takes a good look at this in detail and pass the bill. This would help a lot of H1 Visa struggling with huge talent and obnoxious job fits, and their urge to start something in the states. Go Startup Visa!
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#5Interesting that it is trying to create jobs in a sector where demand mostly outstrips supply, but specifically looks to exclude the lower growth sectors that often supply the bulk of the jobs that have gone missing in the last few years.
Not sure how you figure. The scarcity that they are targeting here is the intersect between entrepreneurs with a higher probability of success. Venture capital/angel investors follow whichever sectors offer the greatest growth / future economic value. The article does not suggest that there is any sector that is being targeted.
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#6People are tracking all the evolution of startup visa on http://startupvisa.com/
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#7Interesting that it is trying to create jobs in a sector where demand mostly outstrips supply, but specifically looks to exclude the lower growth sectors that often supply the bulk of the jobs that have gone missing in the last few years.
Not sure how you figure. The scarcity that they are targeting here is the intersect between entrepreneurs with a higher probability of success. Venture capital/angel investors follow whichever sectors offer the greatest growth / future economic value. The article does not suggest that there is any sector that is being targeted.
Would you be happier if I had said sectors instead of a sector? Or do you have in mind a sector that gets a significant amount of venture funding that also suffers from high unemployment?
Most venture also wants to see ideas that can scale well non-linearly with employee count. This leads to the few ballpark successes being pretty job light compared to their revenue. Which is better for the economy, cash hoarding and dividends or continual reinvestment in expanding into new markets?
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#8It is a good start, but here is another good idea to the lawmakers. How about automatic Green Card to any H-1B holder that has been working in the US for more than 5 years. 1. To get a H-1B there is a prevailing wage that the employer has to pay. Enforce that well to avoid body shops type of miss usage. 2. If you were continuously paid that prevailing wage, that means that there is need for that skill your bring. 5th…
How would define a prevailing wage given that in the same company two people with the same job title could be making vastly different sums of money ?
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#9It is a good start, but here is another good idea to the lawmakers. How about automatic Green Card to any H-1B holder that has been working in the US for more than 5 years. 1. To get a H-1B there is a prevailing wage that the employer has to pay. Enforce that well to avoid body shops type of miss usage. 2. If you were continuously paid that prevailing wage, that means that there is need for that skill your bring. 5th…
How would define a prevailing wage given that in the same company two people with the same job title could be making vastly different sums of money ?
It's defined by the federal government by region and classification. The classifications are pretty formalized as part of the visa process.
Re: Foreign Entrepreneurs Eye StartUp Visa Act
#10It is a good start, but here is another good idea to the lawmakers. How about automatic Green Card to any H-1B holder that has been working in the US for more than 5 years. 1. To get a H-1B there is a prevailing wage that the employer has to pay. Enforce that well to avoid body shops type of miss usage. 2. If you were continuously paid that prevailing wage, that means that there is need for that skill your bring. 5th…
Really good idea. Those never survive congress.