Startup Visa

I continue to be a strong supporter of legal immigration to the United States. A fundamental belief of mine is that entrepreneurs should be able to start their companies anywhere they want. A corollary to that is some of the historical success of the US as an entrepreneurial ecosystem has been being the place that entrepreneurs want to start a company. Today, it’s hard to get a visa to start a company in the US. Our legal immigration system is complex and expensive to navigate, and there are few choices for entrepreneurs, especially aspiring entrepreneurs, who haven’t already managed to get a visa. ...

I’ve been working on the Startup Visa since I first wrote about it 2009 in my post The Founders Visa Movement . After a decade, it’s clear that our federal government has broadly failed us on this front. In 2015, I announced the Global EIR initiative to try something different. Today, I’m happy to welcome the University of Michigan to the Global EIR network . Applications are now open to become a Global Entrepreneur in Residence at the University of Michigan’s Economic Growth Institution (EGI) . Interested applicants can learn more about the program , fill out an application form, and reach out to Millie Chu at Global Detroit. ...

This article, Engineers Are Leaving Trump’s America for the Canadian Dream , stimulated a simple thought for me. Canada has a huge, near-term competitive opportunity over to the US. I have a deeply held belief that US entrepreneurship has benefited extraordinarily over since World War II due to the desire of people from around the world to come to make their lives in the US. While this immigration philosophy started with the drafting of the Declaration of Independence in 1776 (and arguably before that with the European colonization of America), it transformed entrepreneurship, the US economy, and the US’s place in the world dramatically from the 1950s on. ...

Yesterday, the White House announced it was delaying and likely eliminating the International Entrepreneur Rule . This rule is the closest we’ve come to a Startup Visa , something I’ve been working on with numerous other people since 2009. Several failed bills in Congress, a failed bipartisan Senate comprehensive immigration reform bill, and an Executive Order later, and we still have nothing. I’m disappointed but not surprised. Steve Case says it really well in his article America Will Fall Behind Without Immigrant Entrepreneurs . I won’t repeat his words here because I agree 100% with them. I encourage you to go read his post if this is a topic you care about. ...

Today Silicon Valley Bank (SVB) announced their support for Global EIR , a cause for which I care deeply. As you may know, over breakfast in 2015 Jeff Bussgang and I launched Global EIR with the hope of advancing the startup visa effort on a local and state level after it stalled in Congress. Since then, Global EIR has grown to 13 university programs across the country, helping 42 international founders start companies. These companies have created 123 new jobs and raised $29.9 million in investment for the US economy. And there is still an overwhelming demand of visionary international founders that want to start companies in the US. If Global EIR can raise $300,000 this summer, they can scale rapidly over the next 18 months, with an ultimate goal of helping over 10,000 founders per year. ...

The 2017 applications for the Colorado Global EIR are now open through April 15, 2017. The Colorado Global EIR program is a way for experienced international entrepreneurs to receive an H-1B visa, allowing them to work in Boulder. They must commit to working 20 hours per week at CU Boulder (supporting cross-campus entrepreneurial activities), and of course, will be paid for doing so. In their spare time, we encourage GEiR (Global Entrepreneurs in Residence) to either establish their existing company, create and launch a new company, co-found a new company or join a local startup here in Boulder. This will allow them to retain their H-1B status and thus remain in the U.S. ...

On Friday, the USCIS proposed The International Entrepreneurs Rule. While this is a proposal subject to a public comment period, I expect it will go into effect in about 45 days. We finally will have a startup visa! The best summary I’ve seen so far is from Tahmina Watson titled International Entrepreneurs Rule (Obama’s Startup Visa Alternative)- Detailed Summary by Tahmina. If you want to see a detailed summary from someone who read and analyzed all 155 pages of the rule change, go read Tahmina’s post. ...

Applications are open for the second group of Colorado Global Entrepreneurs in Residence. If you are interested in applying send a resume and a cover letter, including a statement of interest, to GEIR-apply@colorado.edu . The Global Entrepreneurs in Residence (GEIR) Program brings international entrepreneurial talent to the CU-Boulder campus and community. GEIRs work across the CU-Boulder campus mentoring students in a wide array of projects requiring an entrepreneurial mindset. GEIRs guest lecture in classrooms, advise on entrepreneurial research, and provide mentorship to CU community members developing their own startups. ...

Amy and I had a very quiet weekend hanging out with each other, Brooks the Wonder Dog, and Super Cooper the Pooper. We like Memorial Day weekend – it always feels like the beginning of summer to us. I read three books over the weekend. Since I was home, rather than reading on my Kindle, I grabbed some books from the infinite pile of physical books I have in my office. New stuff shows up every week – mostly business and entrepreneurship books, and the occasional “I think you’d like this” book. In addition, whenever I want something that isn’t on the Kindle, I just buy the physical book. ...

Yesterday morning, over scrambled eggs and smoked salmon with Jeff Bussgang of Flybridge Capital (he had yogurt), we talked about immigration reform and our broken immigration system. Both Jeff and I have been working hard on making it much easier for immigrant entrepreneurs to get visa’s to start their companies in the US. Both of us have been unsuccessful in our efforts at a national level. At the end of the discussion, we decided to start the Global EIR Coalition to open source our approach and try to help every state in the US implement a similar program. ...