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This is a bill that proposes to give US venture capitalists the overt ability to terminate the residency status of founders and their families. US employers al
by neilc 17y ago
This is a bill that proposes to give US venture capitalists the overt ability to terminate the residency status of founders and their families.
US employers already have this power over employees that hold visas. Why do you trust employers but not VCs? (Or put another one, there is potential for abuse in either arrangement, but I'm not convinced that VCs are fundamentally worse than employers.)
- tptacek 17y agoUS employers shouldn't have that power. That power distorts the market. It's unfair for aspiring residents, and it's bad for taxpaying US citizens. Adding yet another class of people with unfair power over immigrants, and yet another distortion to the market, seems like a very poor response to that problem.
- neilc 17y agoUS employers shouldn't have that power. Perhaps not -- but if we're debating a realistic change to the visa system, an argument that begins with rejecting the basic principle under which most visas operate seems pretty impractical. Adding yet another class of people with unfair power over immigrants, and yet another distortion to the market, seems like a very poor response to that problem. According to what standard would this give VCs "unfair" power over immigrants? As for "distorting the market", any substantial change to the visa system would distort the market in one way or another. The practical question is whether the startup visa improves the situation, not whether it is the globally optimal immigration policy.