Right 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?
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?