(Copied from The Next Web)
Why America needs a startup visa
By now, you may have heard the story of Kunal Bahl, the Wharton-educated Indian entrepreneur, who, unable to obtain a visa to stay in the U.S. and start his business here, took his ideas and skills back to his home country. In 2010, he launched New Delhi-based Snapdeal, India’s version of Amazon, valued at around $5 billion.
Increasingly, Bahl’s story is becoming a familiar one. Every year, young people from countries across the globe graduate from U.S. colleges and universities brimming with new ideas for business ventures.
Many put these aspirations on hold to pursue careers with U.S. employers – companies such as Amazon and Google, Microsoft and Facebook, often using any of the well-known employment visas, such as the H-1B.
I wrote a book, called The Startup Visa, after recognizing that so many other foreign entrepreneurs, who prefer to put their ideas to work in the world’s largest consumer market, find that current U.S. visa options are not viable, or don’t exist at all.
Read the rest here.