[trustfundbaby]

you have a h1b visa with one company

another company applies to transfer it to them

you continue working at the first company

when the transfer goes through, you give notice at the first company and go to work for the new one

if it fails, you continue working for the first one like nothing happened.

[fredoliveira]

I think you are under the impression that they're talking about the actual H1B transfer failing, but in reality they're talking about the actual new startup company failing. If the startup does fail and the H1B isn't transferred elsewhere again, they do lose the visa.

[trustfundbaby]

Ah. Thanks for clearing that up ...

Its a risk one must take but you don't just wake up one morning and 'fail' ... you see it coming, and you should be able to line up interviews and at least make an attempt at getting a gig before that happens .... thats what I'd do, but that's just me.