The Startup Visa, supported by Brad Feld, Paul Graham and other well-known gurus and organizations, has now been introduced to the US Senate. It was since sent to the Judiciary Committee, which handles immigration issues. If it makes its way through there, it will be read again in the Senate and then voted on.

What is the Startup Visa?

• A 2-year visa for immigrant founders who have raised at least $250k or $100k per founder for their startup
• A green card after two years if the startup has at least: $1M in revenue, $1M in investor funding, or has hired 5 or more employees

Who is this useful for? Companies started by:

• Students in American universities on F visas
• Open-source contributers who have never met IRL before
• YCombinator applicants

Source: Startup Visa on Tumblr

Hopeful, huh?

More on http://www.startupvisa.com/ or http://www.facebook.com/pages/Support-Startup-Visa-Act/335892766908 or http://www.feld.com/wp/archives/2011/03/the-startup-visa-act-of-2011.html

Tags: brad feld, Paul Graham, startup visa, startups, The startup visa, US, US Senate

This entry was posted on Tuesday, March 15th, 2011 at 10:54 pm and is filed under Politics, startups. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.