The recently proposed immigration legislation seems like the perfect way to get the US economy back on track. This legislation grants a two year visa to any immigrant who launches a startup company and raises 250k with 100k coming from a qualified US investor or VC. If the entrepreneur can raise additional 1m of capital or hire five employees or have 1m of revenues, they will become a legal resident.
Some people will definitely question the Startup Visa Act. They will probably argue that this will open up the door for more immigrants to steal American jobs. I don't agree with this. I think if people want to develop these companies in the US they should be given the chance to do so. New companies will be the ones that create jobs for this country. If these young foreign entrepreneurs aren't given the chance, they will return to their home countries taking with them the jobs they would have created. Let's pass this legislation so that the US economy can continue to grow.
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