More People Go With Visa - Silicon Valley has long depended on immigrant entrepreneurs for new ideas, but there is a dearth of H1-B visas, which allow educated foreign professionals to work in the U.S. To open the doors to more founders who want to found technology start-ups, a group of tech investors is proposing that lawmakers adopt the “Startup Visa” that would enable VC-sponsored entry to the U.S. for two years. The idea appears to be a spinoff of Paul Graham’s proposal in April for a “Founders Visa” for 10,000 foreign start-up founders. The Wall Street Journal’s article on the Startup Visa mentions that this would be for technology entrepreneurs, though I’m guessing it would also have to address founders of other companies in the life sciences and clean technology spaces. As Mark Heesen, president of the National Venture Capital Association, wrote in The New York Times last year, there is too much focus on how immigration policy affects high-skilled workers in the information technology sector, but the new battle is in life sciences and clean technology, with many experts in those fields now residing abroad after being educated in the U.S.
This morning’s roundup of the latest venture capital news and analysis across the Web:
Original Article: The Daily Start-Up: Widening The Doorway For Foreign Founders - Venture Capital Dispatch - WSJ
