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uh..hard point to understand (or swallow?). I don't believe in this assumption -- "There are certainly some combination of country/startup where the founders w
by veteran 17y ago
uh..hard point to understand (or swallow?).
I don't believe in this assumption -- "There are certainly some combination of country/startup where the founders would be better off in Silicon Valley - when we are talking about founders who need visas (they can't get EB5 green card which is given based on investment or business visas which are pretty much given to anyone who has valid established business or who are not already in US as a student/employee..in that case founders do get H1B easily transferred for their own company provided they can show company of substance..if they pursued advanced degree here then they don't get in H1B cap)..so limits to be the people without much of resources of their own - who don't understand market here (at least not on first hand basis) and don't have connections..how will they succeed.. why misguide some of them and also fool ourselves that such a thing is useful..especially, given there is much better chance if they stay where they are then they will be able to pull off something successful targeted at the market they already understand
and that too putting up number of 2500 such startups every year ..good idea to write 2 examples to validate it first..tell me some story..
so my point..people should start company where they understand the market and if US wants to benefit from international resources then investors should go outside US because only that will work..because that is right for startups/founders/investors..
- pg 17y agoI mean I literally can't understand you. This is like Finnegan's Wake.
- ajju 17y agoActually there is a cap on H1B visas for advanced degree holders (20000/year) and this year this cap was met before the cap for the general category.
- veteran 17y agoyou are right Ajju..this 20,000 exemption number indeed was not enough this year ..I sponsored 2 H1Bs in 2006 and that year it was different..there is just strong appetite for those visas.. I am in full support of increasing that exemption limit because it seems it is pretty finite short fall and don't know why it is not given by priority in the general bucket.. if somebody is doing something on that then let me know how to support.. As far as Paul, you not being able to understand what I say..I don't expect you to understand much of it anyway..from your essay and comments, you come out as a typical guy who has a 100% workable solution (in his mind) but he does not understand the problem or market..