Ask HN: The curse of the green card: entrepreneurship for immigrants?
Background: I am from India. I have a PhD in engineering (Berkeley) and a steady full time job at a tech company in the valley. I work on an H1B visa and my green card application has been filed (EB2, pending AOS, received EAD). Problem: I’ve been hacking at a startup concept for a few months now. We (my "co-founders" are also immigrants) are now at a point where we have a well functioning product and eager customers. The only thing that is preventing us from going live is incorporation (which gives us the ability to accept payments, liability protection, IP, etc). Being temporary immigrant workers on an H1B we can incorporate and "own" a company ... but CANNOT WORK for it. o How do immigrants handle such a quandary? o Yes, I can own a large % of equity, but I can’t write a single line of code... because that would technically be "working" for the company and could increase the value of
Why it failed
Background: I am from India. I have a PhD in engineering (Berkeley) and a steady full time job at a tech company in the valley. I work on an H1B visa and my green card application has been filed (EB2, pending AOS, received EAD). Problem: I’ve been hacking at a startup concept for
- Kind
- startup
- Status
- Shut down
- Inventor
- stevesmith155
- Ended
- 2008
- Source
- hackernews