Silicon Valley is known for innovative ideas in technology, and now some of the area’s greatest minds have come up with a new way to solve one of their biggest operational problems: securing foreign talent. It’s called the “startup visa” and it’s getting a lot of attention in both California and D.C., because it would help create new jobs. The idea is to issue a work visa to foreign entrepreneurs who start a company in the U.S., provided that they raise at least $250,000 from qualified U.S. investors.
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Silicon Valley's Innovative Approach to Creating American Jobs
Posted by: Sonia Arrison March 31, 2010 05:00 AMSilicon Valley is known for innovative ideas in technology, and now some of the area’s greatest minds have come up with a new way to solve one of their biggest operational problems: securing foreign talent. It’s called the “startup visa” and it’s getting a lot of attention in both California and D.C., because it would help create new jobs. The idea is to issue a work visa to foreign entrepreneurs who start a company in the U.S., provided that they raise at least $250,000 from qualified U.S. investors.