Seems like this is getting a lot of support, though I do have some reservations. I don't really like the idea of allowing VCs to decide who is allowed to come

Seems like this is getting a lot of support, though I do have some reservations. I don't really like the idea of allowing VCs to decide who is allowed to come to the US. Of course, I don't really like the idea that employers having this power either. This could distort the market and suppress what I think is a very healthy trend toward bootstrapping in high tech. Not that bootstrapping is necessarily better than funding - in many cases, I'm sure it isn't. But the decision to accept funding (and the terms of that funding) should be based on what's good for the business, not whether the founders need a VCs permission to live in the US. Obviously VCs are very relevant in software, but with the drop in cost of starting a business, software entrepreneurs may need them less and less... unless, of course, they need a visa. This will put VCs right back in the driver's seat, and let's not pretend this has anything to do with the market - it has to do with VCs gaining control over a government function (immigration) and potentially using it as leverage over entrepreneurs.