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Another problem with the idea is that the investor approving your founder visa has additional leverage over you. This extra leverage will take the form of lower
by arohner 17y ago
Another problem with the idea is that the investor approving your founder visa has additional leverage over you. This extra leverage will take the form of lower valuations, lower investments, and (even more) investor friendly terms.
For proof, look to H1Bs. H1B employees are paid significantly less than non-H1B employees. Don't like it? STFU or go back to your home country.
- aristus 17y agoThe "visa discount" is a real phenomenon, but the alternative is not coming here at all. You don't have to like it (I don't), but that's how it goes.
- arohner 17y ago> the alternative is not coming here at all That is one alternative. Another is coming up with a program that doesn't allow MegaCorp to abuse its H1B employees and depress market wages for US citizens at the same time.
- gwenshap 17y agoI think this may strongly depend on the home country (thus creating more distortion). Home country is not necessarily Bangladesh, it could be UK or Switzerland, in which case the H1B holder can and does negotiate for market rate salary or he will go to his home country where he is payed fairly and life is just as good.
- arohner 17y agoYou're right, assuming the H1B employer is honest. However, the defacto primary use-case of an H1B is to depress the wages that MegaCorp pays its employees. The current advocates of the Startup Visa probably have honest intentions, but I guarantee that after 10 years, the startup visa will work similarly to the H1B program.