@2gov - Visas for startup founders movement
1–10 of 56 posts
Re: @2gov - Visas for startup founders movement
#2Be ready for influx of "startup founders", that would bring to the country taxi cab drivers, gardeners, all kind of "engineers" from India, China, Mexico, North Africa and so on..
Did you forget that very recent scandal with Satyam... They did what I just described...
Re: @2gov - Visas for startup founders movement
#3Citing Paul:
By definition these 10,000 founders wouldn't be taking jobs from Americans: it could be part of the terms of the visa that they couldn't work for existing companies, only new ones they'd founded. In fact they'd cause there to be more jobs for Americans, because the companies they started would hire more employees as they grew. ----- Of course they will not be hired by other companies...Legally...But USA is not the country where illegal employment is punished.
Every time when you open access to your (rich) country to poorer people think about how the system can be abused.
Re: @2gov - Visas for startup founders movement
#4Be ready for influx of "startup founders", that would bring to the country taxi cab drivers, gardeners, all kind of "engineers" from India, China, Mexico, North Africa and so on.. Did you forget that very recent scandal with Satyam... They did what I just described...
not sure i understand your concern? the proposal we're working on is a modification to the EB-5 Visa, which currently requires a $1M investment (or a $500K investment in economically targeted area).
even with a lower capital rqmt of say $100K-$250K, i don't think many people would be willing to put up that kind of cash for a taxi driver.
on the other hand, it might be useful to make sure the source(s) of capital are from accredited and/or institutional investors, in order to prevent abuse.
Re: @2gov - Visas for startup founders movement
#5Be ready for influx of "startup founders", that would bring to the country taxi cab drivers, gardeners, all kind of "engineers" from India, China, Mexico, North Africa and so on.. Did you forget that very recent scandal with Satyam... They did what I just described...
not sure i understand your concern? the proposal we're working on is a modification to the EB-5 Visa, which currently requires a $1M investment (or a $500K investment in economically targeted area). even with a lower capital rqmt of say $100K-$250K, i don't think many people would be willing to put up that kind of cash for a taxi driver. on the other hand, it might be useful to make sure the source(s) of capital are…
Ok but I read that founder should own only 10% of 250K
which means 25K - 1 year of illegal work on gas station in NJ.
Re: @2gov - Visas for startup founders movement
#6Citing Paul: By definition these 10,000 founders wouldn't be taking jobs from Americans: it could be part of the terms of the visa that they couldn't work for existing companies, only new ones they'd founded. In fact they'd cause there to be more jobs for Americans, because the companies they started would hire more employees as they grew. ----- Of course they will not be hired by other companies...Legally...But USA…
Of course they will not be hired by other companies...Legally...But USA is not the country where illegal employment is punished
People who choose to work illegally do so today by arriving for free on a tourist visa. Why would anyone put up capital and start a company in order to do it?
Re: @2gov - Visas for startup founders movement
#7Earlier quoted context omitted.
not sure i understand your concern? the proposal we're working on is a modification to the EB-5 Visa, which currently requires a $1M investment (or a $500K investment in economically targeted area). even with a lower capital rqmt of say $100K-$250K, i don't think many people would be willing to put up that kind of cash for a taxi driver. on the other hand, it might be useful to make sure the source(s) of capital are…
Ok but I read that founder should own only 10% of 250K which means 25K - 1 year of illegal work on gas station in NJ.
um, huh? what are you talking about?
please cite a link or reference.
Re: @2gov - Visas for startup founders movement
#8Citing Paul: By definition these 10,000 founders wouldn't be taking jobs from Americans: it could be part of the terms of the visa that they couldn't work for existing companies, only new ones they'd founded. In fact they'd cause there to be more jobs for Americans, because the companies they started would hire more employees as they grew. ----- Of course they will not be hired by other companies...Legally...But USA…
Of course they will not be hired by other companies...Legally...But USA is not the country where illegal employment is punished People who choose to work illegally do so today by arriving for free on a tourist visa. Why would anyone put up capital and start a company in order to do it?
It's sad how the founders visa isn't even close to reality yet, and already has vocal opponents bringing up bogus reasons why it's a bad thing. How long will it take until somebody complains about "foreigners taking away startup opportunities from Americans"?
Re: @2gov - Visas for startup founders movement
#9This appears to have started with PG's Founder Visa essay. Be sure to read the original HN thread about that essay: http://news.ycombinator.com/item?id=556908
At the time, I thought PG's idea was so flawed that I nearly registered just to point out why. Fortunately, bokonist did a great job of explaining what was wrong with the idea in that thread.
Re: @2gov - Visas for startup founders movement
#10Citing Paul: By definition these 10,000 founders wouldn't be taking jobs from Americans: it could be part of the terms of the visa that they couldn't work for existing companies, only new ones they'd founded. In fact they'd cause there to be more jobs for Americans, because the companies they started would hire more employees as they grew. ----- Of course they will not be hired by other companies...Legally...But USA…
Of course they will not be hired by other companies...Legally...But USA is not the country where illegal employment is punished People who choose to work illegally do so today by arriving for free on a tourist visa. Why would anyone put up capital and start a company in order to do it?
Because:
1. If you work on tourist visa, your defintely need to exceed the allowed period of staying, let's say a month, and you are destined to become illegal _resident_; but when you come as startup founder, you will be _legal_ resident, inot matter if you __work __ illegaly.
2. Now you came as a startup, what you can do - instead of making a new unique product you just go and work with a software giant, doing let's say testing. Who is gonna watch what you are actually doing?