#HR1044 would be a disaster for Silicon Valley.
No new green cards means any foreign PhDs with a half-decent option abroad will take it, rather than a 5+ year wait.
Fundraising will be uniformly next-to-impossible for foreign founders...
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... Why bother applying to
@ycombinator or@500Startups when you know investors will be wary of someone with no settled immigration status for most/more than the life of the company? All#HR1044 does is export misery from historically marginalized groups (Indian/Chinese GCs)...1 reply 0 retweets 0 likesShow this thread -
... without really addressing humanitarian issues (leaves family quotas in place) or making system actually "fair." SV shouldn't forget about the injustice of the current system. But
#HR1044 would wipe out the flow of immigrant entrepreneurs overnight. Find a better solution!2 replies 0 retweets 1 likeShow this thread -
Kim-Mai Cutler Retweeted Brad Smith
Why is Microsoft for it?https://twitter.com/bradsmi/status/1149062470247624709?s=21 …
Kim-Mai Cutler added,
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Who knows? Obviously would benefit a lot of current workers waiting for GCs, but would mean missing a generation of international hires.
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This seems to just remove per country caps? How would this affect entrepreneurs?
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By making them wait for processing until the backlog caused by the caps has cleared. Estimates for this range from 5-10+ years if the total number of GCs doesn't increase. Doubt fiduciary rules/LPs would even allow VCs to invest in co's w founders on temp visas/parole for years.
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Is there literature on this somewhere?
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Which part?
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The effect you’re talking about. Bc I don’t see it in news coverage.
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Replying to @kimmaicutler @ycombinator and
"NVCA supports past proposals (e.g., S. 744, 113th Congress) that have effectively “stapled” a green card to the diplomas of advanced STEM graduates from U.S. universities by removing visa caps for immigrants with a PhD or Master’s degree in a STEM field."https://nvca.org/public-policy/immigration/ …
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Replying to @f_j_j_ @kimmaicutler and
The most optimistic analysis (via Forbes) is that people applying for work GC in 2020 would have to wait until 2023 on advance parole. Not a "US person" for SEC etc purposes so v difficult to start a company in that status!
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