[HN Gopher] Eighteen150 A residence program for solo immigrant f...
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       Eighteen150 A residence program for solo immigrant founders
        
       Author : cubexyz
       Score  : 35 points
       Date   : 2023-08-21 19:30 UTC (3 hours ago)
        
 (HTM) web link (www.unshackledvc.com)
 (TXT) w3m dump (www.unshackledvc.com)
        
       | nawgz wrote:
       | [flagged]
        
       | broken_clock wrote:
       | Very cool! For people on visa who might be interested in
       | founding, someone told me about this lately:
       | https://en.wikipedia.org/wiki/International_entrepreneur_rul...
       | 
       | The requirements are that you raise 250k+ though, but that's the
       | size of a decent seed round these days.
        
         | alvatech wrote:
         | The USCIS processing time is an issue here. It can require six
         | months to a year. However, using premium processing, an H1B
         | transfer can happen in 15 days.
        
       | [deleted]
        
       | nottorp wrote:
       | Interesting example founders. Looks like you need to have been at
       | the right university.
        
         | ilrwbwrkhv wrote:
         | Yup a lot of these woke vc firms play this game where they
         | still put up barriers to entry which are not related to the
         | actual idea or execution but then will play the "we help the
         | underdog" card.
        
         | quickthrower2 wrote:
         | This could be survivorship bias (and maybe their pragmatic
         | bias, which would be bad if so) based on the US immigration
         | system's decisions.
        
       | simonw wrote:
       | Does this program provide help with health insurance?
       | 
       | Coming to the USA from the UK the health insurance system here
       | was utterly baffling and terrifying. It was OK for the first few
       | years because I had an employer to sort it out, but jumping
       | straight into a startup in a new country while needing to sort
       | out health insurance would not be a pleasant experience.
        
         | pottertheotter wrote:
         | I'm an American and I have always had health insurance through
         | work until two months ago. It's been baffling having to figure
         | out my own. And crazy expensive.
        
       | alvatech wrote:
       | One of the H1B visa requirements is a "employee-employer
       | relationship," which means that a) someone has the authority to
       | hire or fire you from your company, and b) the company should
       | continue if you are fired (i.e. not go bankrupt, and other
       | individuals can fill your function).
       | 
       | Does this imply that the investment firm will have greater power
       | over the company than an immigrant founder?
        
         | debarshri wrote:
         | If you have a board of directors, in your USCIS case, you can
         | argument you have that relationship as board can fire a CEO.
        
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       (page generated 2023-08-21 23:00 UTC)