University makes the call. If you're pre-funded, you'll work as a part-time mentor, 8-10 hours a week; post-funded, 100% of your time for your startup which has to move on/near campus.
50-70 days from university handshake to visa in hand.
Depends on the person and their academic backgrounds. The positions are specifically designed so that the students can benefit from that person's specific expertise and experience.
We're doing strict self-policing so that this isn't the case.
While founders are getting their startups off the ground, they're working 8-10 hours a week as mentors at the center for entrepreneurship.
It's just too much of a risk to flout the clearly defined congressional cap, and since we can help founders, we want to ensure we can continue to do so as we scale rather than calling down the wrath of Congress.
You can meet the requirements in the country on the B-1 business tourist visa, visa waiver, or OPT status as an F-1 holder, but to activate parole, you need to do so outside the country.
I'm Craig, quoted in the article as the executive director of the Global EIR Coalition, which is what Nigel is using and is soon to be in the Bay Area as a visa option.
Happy to answer any questions folks have about the cap exemption and the process we're setting up.
Yep, Craig here with Global EIR. As the other commenter says, research universities use cap exempt H-1Bs for their full-time faculty and also lab technical staff.
Now that all of these universities have entrepreneurship centers, certain options opened up for founders.
There are lots of different options and none are all that good a fit for founders.
If you've got a year advance notice, you can set things up for the L-1. If you've got the ability to generate old media press and can raise $500k (rule of thumb), then O-1 is a good fit. If you're from the right country with $50k-150k, then E-2. If you're from Australia, E-3.
For the O-1 in particular, the three criteria we tend to use are media coverage, mentorship/conferences, and high salary for those who have been employed previously to becoming entrepreneurs.
YC asked the White House to make some tweaks to the O-1 to be a more straightforward path for founders, but the White House went in a different direction with something yet to be announced.
We have a pathway that takes advantage of cap-exemptions built into the H-1B program and partnerships with universities. It's pretty straightforward, and in exchange for a few months of part-time work, you'll draw a runway-extending salary and be sponsored for a work visa, after which you'll have a visa runway to raise capital more easily and then switch over to 100% startup time.
www.globaleir.org will have more in a short while.
Various states who have launched or are considering launching have different requirements. CO does require either an undergrad or masters' degree, so work experience wouldn't count. MA is Masters' only.
Keep in mind that the H-1B itself does offer work equivalency, but it's 3 years work experience → 1 year of academic training, which means that 5+ years is unlikely to meet the USCIS test requirements.
Yep! I came up with that one, at least /grin You start running into various complexity problems with further counter hacks of course :) but institutional investors as LPs with established, credentialed due diligence processes (e.g. CalPERS) may be a response there.
But these were all details to be worked out over the next few weeks iff the WH was willing to move forward with these discussions. It's unclear if that's the case, unfortunately. So we might be discussing details that were never on the table for a broad proposal that has already been rejected on the political merits.
It was proposed by the Department of Homeland Security in May, went through a 90 day public comment period, which is now closed. We're waiting for the official announcement.
Re: the one I know the most about, "removing the tie between the sponsoring company and the employee (so if he or she is underpaid he or she can easily switch jobs)" This is partially done already in AC21: http://immigrationroad.com/green-card/ac21-portability-chang...
The key word is portability, which is a much, much weaker tie between the sponsoring company and the employee, both in terms of job title/salary and switching employers.
However, it's incomplete because employer-based (EB) green card applications aren't portable, so there's still a horrible incentive system there that has a huge negative impact on H-1B-affected wages. Green card portability was included in S744, the comprehensive immigration reform (CIR) legislation, that just failed.
That said, these are all legislative changes. With the failure of CIR, it will be more than a few years before another major effort is attempted on immigration, and at least until January 2017 until even small immigration reforms will be proposed in Congress.
Flatly, there is no chance of any legislative effort succeeding in coming months or even years.
-Difficult and long timeline to green card meaning startup failure often leads to a fast mandatory exit from the US, even if investors continue to believe in the founder
-Neufeld memo means that startup sponsors are treated at a high level of suspicion by USCIS bureaucrats, which results in an even longer, more time/money/effort intensive process compared to bigtech: http://www.legalactioncenter.org/sites/default/files/docs/la...
That is the exact argument against the H-1B re: "highly skilled" requirement. Code monkeys (as distinct from devs) are a very different fish, but DC doesn't know the difference