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There are a few things to note about this parole. I'm copying this from a post I submitted to HN a few days ago[1]: 1. Your startup would have to have raised $
by impish19 10y ago
There are a few things to note about this parole. I'm copying this from a post I submitted to HN a few days ago[1]:
1. Your startup would have to have raised $345k from 'qualified investors' or $100k from federal/state grants (difficult for bootstrappers to leverage this)
2. Should have created 10 jobs for Americans in 2 years
3. This parole will be granted for 2 years, and then extended by another 3, but after that there's no provision to let founders stay.
4. You need to have at least 15% stake in your company (which can be easy initially but could get diluted going ahead, specially with multiple founders)
[1] https://news.ycombinator.com/item?id=12624180 https://news.ycombinator.com/item?id=12624180
(edit: formatting)
- ecesena 10y agoWow, that seems really bad compared to E-2. The major drawback is that you need to enough time for point 2., if I read it correctly. How can you work for 2 years to grow your team without a visa? Plus, 10 Americans in 2 years with 345k$ doesn't seem very realistic, but maybe someone with more stats (e.g., from YC) can chime in.
- impish19 10y agoIMHO the best deal for immigrant founders right now is that if you're in the fortunate position where your spouse has their I-140, then that'll qualify you for an EAD that you can use to start your startup. The terrible thing about that is that puts considerable onus on your spouse to stay employed.