Trump plans to halt entrepreneur visas

https://www.axios.com/foreign-entrepreneur-visas-under-trump-will-change-2455273986.html

by elsewhen • 9 years ago

64 34 9 years ago

luka-birsa• 9 years ago

I find it very interesting, the constant A/B tests that Trump is keen on.

Nobody rational would dare to upset the entrepreneurship in US, so I kinda want this to happen, just to see how this will play out.

Granted, I'm not planning to move to US really soon, so I might be biased, but I've really wanted for Brexit to happen and I'm EU.

That is turning out as a disaster, just like rational people suggested. Trump has yet to truly permanently fuckup something so I started to wonder if I was wrong. I see that we're keeping our options open.

jmcgough3• 9 years ago

The only clear consistency in his policy is undoing everything Obama did. It's really weird and petty.

danjoc• 9 years ago

That was his campaign platform. Why is keeping promises weird or petty?

perseusprime11• 9 years ago

Completely agree. We will most likely have 16 years of an unproductive government that does not work for it's people. When Obama got elected, republicans opposed him and tried everything to make him a one term president. We now have Trump who is constantly being opposed by democrats and some of his own party. Nobody has passed any real meaningful change in the last 8 years and potentially the next 8 years. I think congress and senate are ridden with lifelong politicians who are only looking out for their interests. Thank god for private sector, we at least have companies like Amazon, Facebook, Google and Apple. I feel we need to have a real debate about what is working and what is not working about our current government, redefine the role of government for a new world. I don't see how the current setup will set us up for success against rising economies like China, Russia and India.

cryoshon• 9 years ago

you misspelled "destructive and regressionist"

hashmal• 9 years ago

I find it very interesting, the constant A/B tests that Trump is keen on.

I think he's not doing A/B testing, he's just random…

kharms2• 9 years ago

His top advisor complained that Silicon Valley had too many Chinese CEO's, so this isn't surprising. It'll be interesting to see which country takes our place as the 'brain magnet.'

“When two-thirds or three-quarters of the CEOs in Silicon Valley are from South Asia or from Asia, I think...” Bannon said. “A country is more than an economy. We’re a civic society.”

http://www.huffingtonpost.com/entry/steve-bannon-disgusted-a...

pkaye• 9 years ago

If you read the article, this is for a rule that was to take effect middle of this month. So it shouldn't be impacting anyone yet. I guess we will have to wait and see what his long terms plans are...

jhowell• 9 years ago

In addition, the agency is expected to start the formal process to eliminate the rule. A USCIS spokesperson said the rule is "under review."

Overtonwindow• 9 years ago

Interesting to note as well that under Trunp's executive order, for every new rule, two must be rescinded. Which two? Conversely if two are being rescinded, for which new rule is taking their place?

factsaresacred• 9 years ago

Hold up: this is a rule that is a few months old and has never actually been implemented.

Trump does not want to implement it.

So it changes absolutely nothing except a counterfactual future in which it helps create more jobs.

I don't think it's a good idea to not implement it - it would allow an additional 2,940 entrepreneurs into the US each year - but important to note it changes no existing policy.

vmarsy• 9 years ago

As discussed previously [1], this is good given how unattractive the visa rules were in the first place :

From the article:
"To qualify for the rule, entrepreneurs would have to meet high standards. A foreigner must demonstrate that he or she will contribute to economic growth or job creation and show that a reputable investor has put at least $250,000 into the company. Under this rule, they can stay in the U.S. for 30 months, with the possibility of a 30-month extension. They cannot apply for a green card during this period."
This sounds like a pretty lame visa. How are you supposed to build a startup if you only have 30 months to do so? Why would investors risk $250k if the founder may be deported in 30 months? What happens after the extension period?

[1] https://news.ycombinator.com/item?id=14606478

Old_Thrashbarg2• 9 years ago

This is sad for the US. But I do wonder if, on the whole, this is a good thing. I've always wondered if the US's largest "foreign aid giving" is not the actual measly sum of money it gives, but rather just kicking out high-skilled workers, sending them back to China, India and elsewhere.

I imagine it's a boon for those developing countries. Instead a natural brain-drain, the country doing the draining is stopping it. I'd love to hear some stories about entrepreneurs who wanted to come to the US, but had to go elsewhere and ended up building large businesses. I do see a lot of cool startups coming out of India (that we use for our startup, like Chargebee and VWO) - I wonder if they would have been tempted to start them here in the US if it were trivial for entrepreneurs to enter.

Perhaps a rare case of the road to heaven being paved with bad intentions.

fredley• 9 years ago

Swamp the drain?

chongli• 9 years ago

sending them back to China, India and elsewhere

I doubt they're going back to China or India. Far more likely is that they're coming to Canada or going to Australia or Europe.

We have tons and tons of Chinese people coming to Canada to go to school. It's not a stretch to see them setting up shop here after they graduate. Wealthy Chinese families recognize how safe they are in the West. They don't mind paying high taxes to get away from the CCP.

Old_Thrashbarg2• 9 years ago

True. Some will go other places like you mention and some will remain in their home countries.

In any case, it's not just having talent go to developing countries that I see as a positive, but also seeing other countries' increasing tech scenes. I think having geographical diversification in the tech world is healthy. For starters, if one country ever elects a leader that wants to attack tech and automation as aggressively as the US leadership is attacking immigrants, then human technological progress will be less affected.

Trump plans to halt entrepreneur visas

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