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I think it is a great move to exploit the fact that USA immigration laws are hell bent upon shutting doors in the faces of startups unless you are the next Face
by tuhin 16y ago
I think it is a great move to exploit the fact that USA immigration laws are hell bent upon shutting doors in the faces of startups unless you are the next Facebook.
What really bothers is the high fee of $150k. I mean companies bootstrap or seek angel investments in the range of $15k-$100k. What on earth makes them think, if I already had that cash, I would be willing or even think of relocating?
If my business already has enough traction, then why would one bother. And if at all I had to relocate spending that much, I would rather do that in making the right inlays into US.
- Mike_McDerment 16y agoi've been asked to sign on...and honestly I am wrestling hard. In principle - as a Canadian Entrepreneur - I am for it. But, it's hard for me to imagine many scenarios where it works. What kind of non-Canadian entrepreneur still has 30% of the company after raising $150? I wish it were true that it would work this way all the time, but the odds are really slim IMO. If it is, chances are we're talking about someone who has "done it before", and in those cases they likely have more freedom to move around and don't have the same need for VISA. It seems to me a like misdirected energy. And how about a program that incents talent to come home? That's something I'd love to see today.