NVCA has worked hard in 2017 to make the United States a friendlier place to immigrant entrepreneurs. The venture industry knows first-hand the many incredible contributions of foreign-born entrepreneurs, like how more than half of U.S. “unicorns” were started by immigrants, or that one-third of U.S. venture-backed companies that went public between 2006 and 2012 had at least one immigrant founder.
Our immigration advocacy takes on multiple forms. We continue to be the leading advocate on Capitol Hill for creation of a Startup Visa and have welcomed efforts by Senator Flake (R-AZ), as well as Senators Moran (R-KS) and Warner (D-VA), to do just that. Separately, we also lead the fight for the International Entrepreneur Rule, which would allow foreign-born founders to remain in the U.S. for up to five years to grow a startup. In July, the Trump Administration announced it would delay and move to end the rule. This unfortunate development followed months of intense advocacy by NVCA and our allies to maintain the rule so that foreign-born founders could start and scale their enterprises here in the U.S. Read more