3 ms·

This is absolutely correct. If the 'foreign entrepreneur' is rich then he or she does not need VC help to immigrate into the United States. I know a few - it j

This is absolutely correct. If the 'foreign entrepreneur' is rich then he or she does not need VC help to immigrate into the United States. I know a few - it just requires being able to get in via O visa, which is easy for a rich person[1]. So this means that the foreign entrepreneur in question is not rich. A non-rich foreign entrepreneur is unlikely to have the kind of salary that allows one to throw money at the problem to make inconveniences of switching countries go away: 1. Establishing personal credit, bank accounts, dealing with financial institutions, insurance etc 2. Getting state issued drivers license and dealing with Government 3. Getting an apartment 4. Developing a quick understanding of good v. bad areas, social norms (poor person with terrible habits is an asshole. Rich person with the same habits is eccentric ), etc [1] Edit: In a response to the comment below - lets define "rich" as someone with a few million in assets with a million of that being liquid.

htormey 9y ago
For those not in the know, here is the definition of an O Visa is: "An O visa is a classification of non-immigrant temporary worker visa granted by the United States to an alien "who possesses extraordinary ability in the sciences, arts, education, business, or athletics, or who has a demonstrated record of extraordinary achievement in the motion picture or television industry and has been recognized nationally or internationally for those achievements," " https://en.wikipedia.org/wiki/O_visa https://en.wikipedia.org/wiki/O_visa I don't think this is quite as easy to obtain as the parent implies as you need to have a reputation & have money to pull it off. Not just any rich person will be able to do this without spending a bunch of time cultivating the former. The people I know who have gotten this visa had quite a long history of published (news papers, journals, etc) achievements. It was also very stressful for them as at any stage in the process the government could decide that their achievements were not significant enough and pull the plug on their application.

htormey 9y ago

For those not in the know, here is the definition of an O Visa is: "An O visa is a classification of non-immigrant temporary worker visa granted by the United States to an alien "who possesses extraordinary ability in the sciences, arts, education, business, or athletics, or who has a demonstrated record of extraordinary achievement in the motion picture or television industry and has been recognized nationally or internationally for those achievements," " https://en.wikipedia.org/wiki/O_visa https://en.wikipedia.org/wiki/O_visa I don't think this is quite as easy to obtain as the parent implies as you need to have a reputation & have money to pull it off. Not just any rich person will be able to do this without spending a bunch of time cultivating the former. The people I know who have gotten this visa had quite a long history of published (news papers, journals, etc) achievements. It was also very stressful for them as at any stage in the process the government could decide that their achievements were not significant enough and pull the plug on their application.