4 ms·
"Of course they'd agree, because of the benefits for the home country (sending money home, etc.)." Sounds a bit like your first thought was along the line of "
by Xixi 18y ago
"Of course they'd agree, because of the benefits for the home country (sending money home, etc.)."
Sounds a bit like your first thought was along the line of "visa == immigrant == [name your third world country]". There are (still) many people in old Europe or Japan who think that US is a hotter place than home for a startup... and I'm part of them.
It's slowly changing though, I feel it around me : patents and costs of litigation, Sarbanes Oxley (IPO exit... gone ?), visa problems (the lottery thing with H1-B visa). It did hit quite a lot the American dream.
Specially when it comes to opening a branch in the US for small businesses : insurance costs literally explodes, it's harder to send employees to the newly created branch (H1-B is not the only solution, but it was the one that scaled the best), so it's harder to control it.
I used to work in New York City, with an H1-B. When I decided to create a startup I eventually trashed my H1-B and went back home. I didn't want to, but between keeping a day job and doing a startup part-time in the US, or doing a startup full time home, I choosed the latter.
I still think that US would have been much better, and I liked the life there quite a lot too (much more than horrid Paris), but well, my cofounder was in France and could not come... had there been a startup Visa, he/we would have applied, and we would have moved to SF.
Incidentally my former NY employer opened a branch in Switzerland, which is slowly becoming the main office... one of the reasons is the visa issue : it's much easier to move a US citizen to Geneva, than a European citizen to US... So in the end there might be just one marketer remaining in NYC, while it was supposed to be the opposite at first !
(For people wondering my first startup attempt did fail quite miserably... second attempt is faring pretty well so far)