Last year I read an interesting essay (Founders Visa) by Paul Graham that suggested a new visa class be created for technology startup founders. Evidence has shown that a significant number of successful technology companies in the U.S. were founded by immigrants and so a more elegant system needs to be designed to not only attract but retain these entrepreneurs in the country. That sentiment has since picked up steam.
Senators John Kerry and Dick Lugar have introduced a Startup Visa Bill in Congress that “will allow an immigrant entrepreneur to receive a two year visa if he or she can show that a qualified U.S. investor is willing to dedicate a significant sum – a minimum of $250,000 – to the immigrant’s startup venture”. Continue reading