An interesting movement is gaining ground in the US entrepreneurial space, driven by a group of venture capitalists and entrepreneurs. Initially dubbed the ‘Startup Founder Visa Movement‘, the initiative now has a home at StartupVisa.com. It hopes to change US government policy around the EB-5-Visa to allow entrepreneurs from other countries to get a visa for starting up in the US.
At present, the EB-5-Visa is available only to investors from other countries and requires a minimum investment of $1 million ($500,000 in specific places that have a high unemployment rate) and the creation of 10 jobs. Advocates of the movement, among them Brad Feld, Paul Graham and Mark Speiser, reckon that by allowing entrepreneurs to also avail of the visa, many more US jobs can be created in the long term. Read the full story
