The Founders Visa

The Founders Visa

by Richard Stump
Posted on 09/23/2009
cropped-startup-visa-banner-2Currently, their is a trending topic among VC's and those in the tech world about the need for a "Founders Visa" Or " Startup Visa".  The idea is basically the following: provide a special visa to allow immigrants who want to start a company entrance into the US. They would be barred from working for another company so as to not take jobs away from Americans. The idea comes from the fact that roughly half of all tech startups were started by immigrants and that our current immigration policy keeps these company founders from moving to the US to found their companies. This idea was started by Paul Graham and has been picked up by the likes of Brad Feld, Eric Ries and Paul Kedrosky etc. While I am for stopping illegal immigration, I believe this is a smart way for the US to keep its place as the leader in innovation.  Each of these companies will employ Americans and some will become very large companies creating thousands of jobs.  While some of the details still need to be worked out, It is a good sensible step to take.  One detail I would support is to allow VC and investment funding to be used as the barometer of whether you receive the Visa, or an accreditation process similar to the way Universities determine if a student can get a student visa. I think a smart immigration policy is to let in to The US all of the smartest people from all over the world that want to come here legally.
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