Starting a U.S. company, but not in the U.S.: Foreign entrepreneurs in a bind

Wang, a Canadian citizen who was born in China, went to college in Chicago and worked tech jobs in San Francisco on a series of visas. But in an example of what critics say are the outdated quirks of the U.S. immigration system, he didn't have a clear option to legally remain in the country while striking out on his own.

"The immigration system in the U.S. just may not have fully caught up to the way that startups and nascent ideas get formed," Wang said. The immigration system, he said, is"suited for the largest companies — the Amazons, the Facebooks, the Googles of the world — because they have deep pockets and can sponsor a lot of people in these programs."Glen Wang launched his U.S. startup last summer from Calgary, about 250 miles north of the U.S.-Canadian border, where he lives, managing things remotely.It's become a familiar pattern for foreign entrepreneurs: Get a startup idea, decide to focus on the relatively wealthy U.S.

Why do they sponsor so many CCP spies to steal US technology?

immigration was definitely easier in Canada for him, I assume

He's not wrong.

We should as American shut the Twitter and Facebook companies down

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Biden Tax Plan Takes Aim at Trump-Era Investment IncentiveThe Biden administration says it’s trying to spur investment in America—while proposing to remove a four-year-old tax break that was intended to do exactly that Waiving IPs will make this even worse Tax break didn't spur investment.... Time to get rid of it and actually pay for real investment. The rich have gotten richer, time for them to end their greed and look to fixing our nation. A “tax” break that the companies flat out said they weren’t going to reinvest on workers before it even passed.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »

A 'tidal wave' of Chinese companies rush into the red-hot IPO market in the U.S.In China's start-up world, the rich are getting richer as investors and companies clamor for a piece of the hot U.S. IPO market — before it loses steam. Why are they still allowed when SEC wants to delist them? Yup
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »