Immigration for Startup founders
How do entrepreneurs that are not US citizens or GC holders start companies in the US? What visa do they come in, how long do they stay? Do VC firms see the founder being a non-US citizen as a problem? How does it work out in the long term? Does anyone in the Blind community have any information or anecdotical story to share? My search led me to this very interesting venture called unshackled https://www.unshackledvc.com/immigration but not sure how being on H1 and being the CEO of your own company works. #startup #immigration
You can work for your company on H1B. The criteria is to prove in earnest that you are a fireable employee. This is called establishment of “employer-employee relationship”. When you are the sole owner of a company this relationship cannot be established in good standing. When VC’s like unshackled invest they probably take some outsized number of board seats of the company even if they own minority share. This means you can be let go as the CEO of the company if the board decides. This establishes a “employee-employer” relationship in good standing. Thus you are able to work as a CEO of a company on H1B that you founded, albeit with other stakeholders you are answerable to.
I see. Do u know of other ventures similar to unshackled ?