Founder Visas

I’m a big fan of Forbes Publisher Rich Karlgaard when he’s speaking about entrepreneurship – not so much when he discusses politics or macro economics. So, if you want to start a business, start reading Rich regularly. If you wanted a hint of the economic collapse that occurred last fall, you wouldn’t have been tipped off by Rich.

That said, here’s an interesting idea. Many in this country unfortunately believe that we need to restrict immigration to the United States for talented and educated people, as they might take jobs away from Americans. The truth is that we always have a need for more talented people, and these people usually create even more jobs, either by starting businesses or making their employers more competitive.

When the Blue State Obama Administration thinks of small business, it undoubtedly dreams of promising startups churning out solar panels for office buildings or turbine blades for windmills. If its dreams are serious, the Administration should get behind a crackling good idea proposed by entrepreneur Paul Graham. It’s called the Founder Visa, and the idea is to make it easy for the world’s entrepreneurs to come to the U.S. As Paul Kedrosky describes it on the Web site Growthology: “The particulars are still getting worked through, but it has to do with getting a modicum of [private] funding ($250,000) and approval from an independent board that this represents a real startup deal, not some back-room finagling for a visa, and that’s it: You’re in the country and you’re off and running.”

You can never have too many good entrepreneurs. This is a great idea.


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