I completely agree. There's an additional problem with this proposal - may great startups don't feel they need investment, which allows them to avoid VC's or h

I completely agree. There's an additional problem with this proposal - may great startups don't feel they need investment, which allows them to avoid VC's or hold out for favorable terms. From what I've read, this trend is increasing, and I'm pleased to see that founders with technical backgrounds are gaining power relative to investors with expensive watches and MBAs. But with this proposal, investors would control more than money - they'd control the right to reside and work within the United States. I don't enjoy being so cynical, but having witnessed the abuses of the H1B, I am absolutely certain that VCs would use this visa to gain power and push around the founders.