2 ms·
First I'm very sympathetic to Sharan's plight. This has to suck. But it raises some real issues with the whole startup founder plan. Does a company with (wha
by mikeryan 17y ago
First I'm very sympathetic to Sharan's plight. This has to suck.
But it raises some real issues with the whole startup founder plan. Does a company with (what looks like) 4 people and a few seed investors count as a startup? This seems like a really low bar. I think pg's initial essay kind of glosses over the difficulty of defining a startup - or for that matter even a "startup investor".
I go both ways on this issue. I think letting smart, driven people into the US to work is awesome. But I'm not sold that being the founder of a "startup" is the right bar.
- kingsley_20 17y agoRight now, if I wanted to found a startup without taking some of the risks Sharan took (the LLC route), I'd have to get enough funding to pay myself ~70K/year as salary. Then, and if I had respectable funding, and some well known/ respectable people on the board, I can set up shop and have a US Citizen co-founder "hire" me as an H1B. So the system as it stands forces immigrant founders to raise funding, even if you had a completely bootstrappable business plan. That's where the bar is set now, and it definitely dissuades people, and that's why I think many of us advocate lowering it. Substitute it with education, experience or endorsements maybe?