Here is something the business community can get behind. The bi-partisan backed bill would
…create a two year visa for immigrant entrepreneurs who are able to raise a minimum of $250,000, with $100,000 coming from a qualified U.S. angel or venture investor. After two years, if the immigrant entrepreneur is able to create five or more jobs (not including their children or spouse), attract an additional $1 million in investment, or produce $1 million in revenues, he or she will become a legal resident.
In the past, I have worked with an immigration lawyer for business clients looking to temporarily bring an overseas employee to the U.S. for 6 months. The process was terribly difficult. Although not directly related, I appreciate the purpose behind the Startup Visa. If possible, however, I suggest ratcheting down the capital requirements as many startups (especially technology firms) require significantly less capital and may not need $250,000 to be successful.
