4 ms·

I think you are getting to caught up in the logistics of how the Visa administration will work. The actual delivery of it is going to obviously be more thought

by immad 17y ago

I think you are getting to caught up in the logistics of how the Visa administration will work. The actual delivery of it is going to obviously be more thought out than Brad Feld's blog post. Any effort to address the problem is better than nothing.

utnick 17y ago
I am having trouble thinking of a good way to implement this.. How will you differentiate between the next google and Joe with 2,000$ wanting to start up a lemonade stand?
- patio11 17y ago
  Establish a cap on the number of visas issued, sell them at auction to anybody who passes a background check, and let the market worry about capital allocation between the next Google and Joe's Great Lemonade. The market works better if they are transferable or resalable, but that isn't required. This would encourage establish a level playing field between startups and established companies for competing for foreign talent, get the US government out of the business of evaluating business plans, avoid anointing any particular VCs as the official Visa Cartel, and be easy to administer and transparent. You don't have to restrict it to startups in any way, either. It would easily replace the H1B and most other work-related visas. (I can think of compelling reasons to issue, e.g,. spousal visas outside the market.)
  - gojomo 17y ago
    Bingo. If the rationale for the program is to feed the market for technical and entrepreneurial talent, then the program should trust market mechanisms for the allocation of limited visas. And each year, the cap can be reevaluated: would a larger number have generated more jobs (and auction revenue) without the social costs that usually feed anti-immigrant sentiment? If so, revise the cap upward.
  - ajju 17y ago
    "Sell them at auction" In which case there are enough millionaires wanting US residency that these will all go to millionaires setting up boutique companies just to get residency. See the EB5 visa.

by immad 17y ago

utnick 17y ago

I am having trouble thinking of a good way to implement this.. How will you differentiate between the next google and Joe with 2,000$ wanting to start up a lemonade stand?

patio11 17y ago
Establish a cap on the number of visas issued, sell them at auction to anybody who passes a background check, and let the market worry about capital allocation between the next Google and Joe's Great Lemonade. The market works better if they are transferable or resalable, but that isn't required. This would encourage establish a level playing field between startups and established companies for competing for foreign talent, get the US government out of the business of evaluating business plans, avoid anointing any particular VCs as the official Visa Cartel, and be easy to administer and transparent. You don't have to restrict it to startups in any way, either. It would easily replace the H1B and most other work-related visas. (I can think of compelling reasons to issue, e.g,. spousal visas outside the market.)
- gojomo 17y ago
  Bingo. If the rationale for the program is to feed the market for technical and entrepreneurial talent, then the program should trust market mechanisms for the allocation of limited visas. And each year, the cap can be reevaluated: would a larger number have generated more jobs (and auction revenue) without the social costs that usually feed anti-immigrant sentiment? If so, revise the cap upward.
- ajju 17y ago
  "Sell them at auction" In which case there are enough millionaires wanting US residency that these will all go to millionaires setting up boutique companies just to get residency. See the EB5 visa.