On H1b, Extreme desire to become an entrepreneur
Cannot focus on my job. Want to start something of my own. Have developed prototypes/MVPs in the past. But did not really follow up with contacting investors. Primarily because... On H1b. Long queue ahead to get permanent residency. And H1bs have been so messy in past couple of years. Anyone in the same boat ? What did you do ? I believe FANG salaries have made people like me relatively rare. Why be an entrepreneur if you have 300-400K TC coming in easy ?
Move to canada for a few years to quench the thirst. If it works out stay back, if not just move back. You wonโt live in regret.
I am in the same boat. Have been waiting for gc to quit and start a venture. With every passing year my enthusiasm is going down though. Don't want to move as I have a family and wife has a job as well.
Anyone tried the O1 or H1b (with own company) routes ?
In the same boat.. High Fang salary but bullshit job. But H1b is preventing me to do a start up. Indian and hence a long queue for GC. Planning to move back to India or out to Canada or Australia in a year or 2. Canada and Australia give stability to life long run, India gives you huge economic opportunity for a startup. Still deciding... O1 visa and H1b by self company are not very great as well because they are temporary. You need a company to sponsor O visa and it has to be renewed every year. Instead of focusing on startup you will be burning time with immigration attorneys. P.S: 1) H1b in long run is not good even if you are planning to just stay in job throughout. Limits you to take career risks and may throw you into a bad state in case of recession or unfavorable law change, especially when you have a family 2) Not all FANG ppl who earn $300k + are smart and want to/ can do start up. Most are rat race ppl behind the next promotion or next $100k of their TC. Smart ones always move out and do startup or something after working for a few years
Once I adopt one of the above routes, EB1A is the next step - there is no other choice. Lingering around for long times on H1 or O1 is messy.
Bootstrap. Once it kicks off, get start up Visa in Canada. Come back as international manager. I'd do in a heartbeat if I strike that idea.
If one has some good experience and can get some funding , O1 is a not so difficult option - with a possible pathway to EB1A in the future
If that's true, why are you not chasing o1 instead?
Working spouse on H4 EAD ๐๐. O1 spouses cannot work !
Not related, I am curious how you guys get started to learn about starting a company? New grad and want to be my own boss in the next 10 year
Google is the best resource. Think of problem areas , maybe with a personal touch, and how you would solve them
Have you checked this - https://www.immihelp.com/forum/showthread.php/60127-On-H1B-can-I-start-a-business
OP i also have the entrepreneurial itch like you. However, I just plan to go back to India after saving X amount for seed funding and personal expenses. My reasons are as follows: 1. In India, I will not be burning as much cash as USA for monthly personal expenses, which gives me leeway to spend more months/years or even rest of life on startups, not worrying that I have to go back to job with this or that deadlines. 2. I can with peace of mind hire a nanny, house help and not worry about running to daycares and basketball courts and swimming classes to drop and pick up kids. As a mom I can focus on spending quality time with them, rather than cooking and driving in traffic under stress. 3. I will not waste signficant precious time in O1 visa, EB1 requirements, etc and focus on my product. 4. If parents are sick which might happen often 5/10 years down the line, i can bring them to my place for post care and hire a nurse for the time I am off to work. 5. I can leave kids with grandparents and nanny combination to make business trips. 6. And healthcare, OMG. I can buy healthcare for whole family and parents and in laws and live in peace that i will never feel guilty of following my passion and not being able to help a family member in time of need. 7. Same thing for education quality of kids, extraciricular activities, family vaccations, etc. I dont know what age you are on, but at this point in time in my life I dont want to miss out on all this. I may have done lot more compromises for my startup when I was in my 20s, but dont want to live like that in my 30s and certainly not in 40s. All this makes me think I want to go back to India to do startup.
I think the fang salary increase in recent years is to prevent more entrepreneurs.