Comments on: StartupVisa Momentum

By: The Startup Visa Organization | artificial ignorance

The Startup Visa Organization | artificial ignorance — Sat, 20 Mar 2010 23:44:50 +0000

[...] Brad is an investor based in Boulder, CO. I first met Brad through TechStars, a seed-stage investment program and startup accelerator based in Boulder. From Brad’s blog: from StartupVisa Momentum [...]

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By: humidifier

humidifier — Sat, 23 Jan 2010 02:59:45 +0000

Creating 5 new jobs every 2 years? I don't think that is too hard to achieve. Raising $1 mil per 2 years might be harder though.

-Kai

By: Johny

Johny — Sat, 09 Jan 2010 03:03:17 +0000

As part of my recent open letter to the President on innovation 642-654 exam, one of the topics that I wrote 000-206 exam about was that of creating a special JN0-201 exam type of visa to allow foreign-born entrepreneurs to start companies in the U.S. JN0-350 exam

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By: @vidli

@vidli — Wed, 21 Oct 2009 00:57:18 +0000

Great conversation here…Let the Boobies speaketh..

Foreign Student Entp and Yel Visa – you are a Hobbits (aka real entrepreneurs) We support you.

@biggiesu – you are an "evil man" – that's a terrible idea to give VCs all the leverage.

Lindsay – you an orc – if you were a real entrepreneur you'd know the TN-1 Visa is for "contractors" and doesn't last long enough to build a prosperous company.

What all this Lord of the Rings talk? – Check out Lord of Visa to a see where you fit into this movement- http://blog.vidli.com/startup-visa/

By: Brad Feld

Brad Feld — Mon, 05 Oct 2009 17:27:14 +0000

Good additional background. Re: visa’s for travelling – that’s a good idea. I don’t know how to solve for that but I’ll add it to the list of things to figure out as it is a valid point.

By: Glenn Matthews

Glenn Matthews — Mon, 05 Oct 2009 17:19:06 +0000

Rather than pick on the minor details of the post, I'll comment on the overall concept: my view is in support of the proposal – It's a topic very close to me.

Late last year I moved to the US to expand my business. In all honesty, it has been a difficult path. Other than to invest $1,00,000 under the EB-5 visa there are few avenues for me to be on the ground to do the leg work in the US. Luckily I have an engineering degree behind me, allowing me to gain an E3 visa (visa for Australian professionals). For my purpose the visa was crippling in that I needed to work as a part time engineer leaving only my spare time for work on expanding our business. It was a sacrifice I had to make for the better of the company. The red tape did slow progress for our company, delaying our launch in the US by 12 months.

I understand the current limitations on immigration are in place to prevent abuse of the system. However for companies like mine, the system is a deterrent. Despite that, the US government should be thankful for my persistence; our company has already injected $200,000 into the US economy and will invest another $1,000,000 in the foreseeable future. All of this would not have been possible without my move to the US.

I don't see any harm in the creation of a visa that allows individuals to travel to the US for an extended period on the purpose of creating business. If, and this is a very big IF, the individual in receipt of the visa is a responsible person they won't earn an income in the US (outside of gaining capital for their venture), they will only bring external funds into the country (to pay for living expenses). Unfortunately, for each rule created a new possibility for cheating the system arises. Therefore, expanding on an existing visa, and making a VC responsible for the applicant may be a step in the right direction.

A thought to end on: how do individuals travel to meet the VC. Most VC's I have dealt with will only invest after a face to face meeting. Alien's from countries like Australia, New Zealand, UK and most of Western Europe can travel on a 90 day visa waiver program, however for the rest of the world travel to the US, particularly on repeat visits, is a difficult process. Should the visa proposed within this discussion allow for travel to the US for the interviewing process?