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Well, there is potential for abuse: a startup founder gets an "investment" of $500k from an accredited angel and a permanent resident visa. A little while later
by neilc 17y ago
Well, there is potential for abuse: a startup founder gets an "investment" of $500k from an accredited angel and a permanent resident visa. A little while later, the startup takes an exit (e.g. dissolves the company and returns the assets to the investor), netting the founder a greencard in the process.
- wheels 17y agoIf you've got somebody willing to wire you $500k, you can basically do that already. http://en.wikipedia.org/wiki/E-2_visa http://en.wikipedia.org/wiki/E-2_visa
- neilc 17y agoWell, that requires that you leave the country immediately after the business has been concluded; this proposal says that "... the founder would be granted a permanent resident visa", which presumably wouldn't expire.