USA Startup Visa Details: What You Need To Know
President Obama and his team have taken steps to ensure that the top engineering talent remains in USA and does not move back to their hometowns. The USA Startup aims at attracting more foreign entrepreneurs to America and provide incentives to the founders to create jobs in the US. If you are an non-American founder, you should know the following about the new Visa:-
Funding: If you are a company funded by a US Angel or a VC firm, the minimum funds you should raise should be over $100,000. In two years time, your company should generate yearly revenues more than $500,000 OR have equivalent funding. You should also create at least 3 new American jobs in 2 year's time.
Students Or H1B Workers: If you're an engineering/science student studying in American University, you need to have an annual income of $30,000 OR assets worth $60,000 and have an investor who's committed to invest at least $20,000 in your venture you'll be eligible for the Startup Visa. You must however create 3 American jobs and reach sales over $100,000 in two years time.
In my opinion, the Startup Visa assumes that every new venture will be funded, while the typical funding stats show that less than 1 in every 100 startups get funded. Also, looking at the startup companies like Twitter, they haven't had a business model for years. Not every startup can generate expected sales or funding in that period.
What's your opinion about the US startup Visa? Do you think it will help in attracting more startups to the valley?
Funding: If you are a company funded by a US Angel or a VC firm, the minimum funds you should raise should be over $100,000. In two years time, your company should generate yearly revenues more than $500,000 OR have equivalent funding. You should also create at least 3 new American jobs in 2 year's time.
Students Or H1B Workers: If you're an engineering/science student studying in American University, you need to have an annual income of $30,000 OR assets worth $60,000 and have an investor who's committed to invest at least $20,000 in your venture you'll be eligible for the Startup Visa. You must however create 3 American jobs and reach sales over $100,000 in two years time.
In my opinion, the Startup Visa assumes that every new venture will be funded, while the typical funding stats show that less than 1 in every 100 startups get funded. Also, looking at the startup companies like Twitter, they haven't had a business model for years. Not every startup can generate expected sales or funding in that period.
What's your opinion about the US startup Visa? Do you think it will help in attracting more startups to the valley?
0