|
|
|
|
|
by starkfist
5810 days ago
|
|
I wish this were possible, but the difficulty in doing this is massive. If you are not U.S born, it's QUITE difficult to simply walk in and start a company in the U.S. How do all the Chinese/Korean/Indian people in the US do it? I often read on Hacker News about how difficult it is to start a software company in the US. But then I live in Brooklyn and people who don't speak english are always starting laundromats, bodegas, fruit stands, hardware shops, restaurants, and so forth. 3 out of the 4 businesses on my block were started by FOB immigrants. The only one that wasn't is a bar. |
|
One person gets here (alone or family) and files for immigration papers for their immediate relatives, starts working here (usually at an establishment of a relative or a person from the same community), makes enough money, transitions to setting up a new business and the someone else takes their place at the previous establishment. That's how the motels and 7/11,Dunkin etc. chains are run ..
This book had a nice description of this phenomenon. http://www.amazon.com/Dhandho-Investor-Value-Method-Returns/...