Showing posts with label Startup Visa. Show all posts
Showing posts with label Startup Visa. Show all posts

Friday, March 18, 2011

Immigration Limbo

Abraham Lincoln, the sixteenth President of th...Image via Wikipedia"I will prepare and perhaps my time will come."
- Abraham Lincoln


I think I am about six, seven months from my green card. Too bad they have not started work on immigration overhaul in DC yet, or they might have heard a mouthful from me already.

I can't incorporate a company. The last time I raised 100,000 dollars - for my last startup - I put the money into a bank account run by someone else on the team, an American citizen. That was not my first choice.

I have figured if I can raise some money now, I can always get someone else to do the incorporating and arrange for them to get me as the first hire at 99.9% ownership. That would be a $10,000 value for them for the simple act of incorporating.

This is such a fucked up situation to be in. This is not about not having a good idea, this is not about not having the smarts, this is not about not being able to build a team, this is not about traction or product-market fit, this is about stupid paperwork. This is a shame.