Is immigrating to the US really that hard for foreign entrepreneurs?
I keep reading about the high percentage of tech startups in the US that are founded by foreign entrepreneurs (39% in California). I also keep reading about how hard immigrating to the US is for foreign entrepreneurs - i.e., people without prospective traditional employment. Can somebody explain this apparent contradiction? How is it that so many startups are founded by foreigners if it's so hard for them to stay in the country to do so?
I ask because I'm Canadian and I'd like to look into starting a software/biotech company in the US after college (I've heard about the proposed startup visa, but clearly plenty of foreign entrepreneurs are doing just fine without it).
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[ 2.9 ms ] story [ 25.2 ms ] threadDoes anyone know of alternate routes?
One really roundabout way is for you to own a foreign company which is the majority stakeholder in a US company. Thus, if and when you get funding, you can come on an exec visa (an exec of the parent company). The caveat is that your foreign company must have a steady cashflow as well.
http://en.wikipedia.org/wiki/Diversity_Immigrant_Visa#Winnin...
If you happen to be in Australia or New Zealand and take part for a couple of years, your chances are actually pretty good. Everywhere else, not so much.