3 ms·
Much of this article focuses on the applicability of H-1B visa for startup founders. As some comments in this thread share their anecdotal experiences with it,
by sidi 10y ago
Much of this article focuses on the applicability of H-1B visa for startup founders. As some comments in this thread share their anecdotal experiences with it, H-1B is very limited in scope.
1.) H-1B relies on a lottery system: with a 0.3 to 0.5 chance depending on some factors,
2.) and you need an independent board of directors,
3.) and you can't be a majority stakeholder.
Not to mention once you get one, if your startup goes to ground, you have a month to find another job or risk being deported. Most startup founders in early life can't afford this.
What US needs is a robust startup visa: Startup founders that have x revenue or investment $$ can come in and work, not H-1B or other diversity visa hacks. It's not so hard, Canada has a pretty decent startup visa program.