[jhancock]

Comments from joe_the_user and sachinag do a good job of summarizing some issues previously discussed on HN.

I do believe that affordable health care attached to employers is a huge problem for enjoying a larger pool of U.S. entrepreneurs of every variety. Fixing this, which is an issue on the table with current Health Care reform, should bring far more new entrepreneurs than any new visa program would. Since the Health Care legislation is currently in process, why not write your congressman about this instead?

This current founders visa proposal sidesteps fixing what's already abusive with H1-Bs. Skilled immigrants deserve a better process than they current have. It would seem to do more good to fix this than inventing some new category and ignoring the existing problems.

Another problem is this agenda may not get a lot of love from U.S. entrepreneurs or would-be ones as there is a subtext to the founders visa agenda which says 1 - there are not enough good entrepreneurs in the U.S., which is very insulting; I've never seen any credible evidence to support this and 2 - VCs get to be "accredited" providing various leverage problems as discussed.

Last, but not least, how many of these visas do you expect to create each year and at what cost to the government? Just to issue the first visa could have a fixed cost of hundreds of millions. Have you ever worked in government or anything related to INS? The rules and documentation and training required for this program would be costly. Do the investors plan to give the gov shares in these startups to make up for these cost? You can say that the reward will be job creation. Maybe, but I have seen interesting numbers on this.