John Kerry is attempting to put through a bill which would ... As summarized at TechCrunch:
The Startup Visa Act grants a temporary work visa to any foreign-born entrepreneur who is able to obtain an investment of least $100,000 from a venture capitalist or a qualified “super angel” investor in an equity financing of not less than $250,000. To gain permanent residency, the entrepreneur must create five new U.S. jobs within two years, raise more than $1 million in venture capital, or generate sales of more than $1 million annually.
This is similar to the EB-5 visa, although it requires a smaller investment up front. Also it appears that the startup must take off - by either raising one million in capital or generate one million in sales in merely two years. Some startups may not be able to fit into this tight schedule. Still, it's another way to get a company off the ground.
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