I've actually just gone through this process. I'm a Canadian who just finished school and here are the option my US-based immigration lawyer laid out for me:
1) E2 investment visa: not easy to do. You need to meet an undefined "minimum investment criteria" which is typically $500,000 but if you're lucky you may be able to get in with less.
2) TN-1. A legitimate option for Canadians and Mexican. You need to find an American to own your startup in the U.S. and you start a company in either Mexico or Canada. You then get hired by the owner of the U.S.-based company and get a TN-1. You can't be the owner of the U.S.-based company but you can have an option to buy the whole thing.
The nice part about this is that you then get the American-based company to issue you an H1-B visa the next year and you're well on your way to a Green Card.
3) L2. Find someone on an L1 visa and marry them. You can then work for anyone in the U.S. including your own company
As a Canadian, don't you just need the citizenship card to get in America? The borders are pretty much open, so I wouldn't be surprised if that were the case.
Thats if you want to spend money in America. I grew up on the border and even worked a short stint in customs. They can be right anal if they think you're actually do anything productive. Could've just been the fine folk in Montana. Tight squinting eyes boring through your soul. Fingers rapping gently over the grip of their pistol. Waiting and watching you as a stillness fills the air, offering you no escape. "You boys ain't look'n at taki'n jobs from good 'merican boys now are ya?"
As someone mentioned, you can 'visit' but I'm not sure how well that'd work overall. Boston is a 5 hour drive from Montreal. If I recall correctly YC has funded outsiders before. I would be very interested to hear how they managed.
I think Y Combinator would be an amazing experience that I wouldn't get anywhere else. I'd be more than willing to give up several months of my life to move to a new country to learn and work with amazing people. The question of the border is the biggest stumbling block in the path.
I would like to share our (Buxfer) experience. We are F-1 students, currently on a leave of absence from the Ph.D. program. We have applied for Optional Practical Training. This provides a 1-year extension when you can legally work and earn from your company. (Any F-1 student can set up a company, btw - they just cannot earn money from it :)
Within this 1-year period, we need to secure some other work visa. Our most likely bet is H-1B, but there are others like O-1 which we may consider. We are in talks with lawyers currently, but from what I've heard till now, it seems like getting H-1Bs approved will be possible if we demonstrate significant investment in the company.
Sadly, no. It should be enough to provide a competitive salary to all the H-1B employees of the company, for about a year or so... So, an order of magnitude more than YC funding.
I'm indian, I'm about to graduate with a phd, and I have a job offer. My options for starting a startup:
0. Go back to india. This has a certain allure, but I need to start from scratch on figuring out contacts for investment. Odds of finding a deal like YC are slim.
1. Work on the startup in the year of my OPT, hope to arrange a visa in a year.
2. Put off the startup for a year or so, and try to transfer my H-1 to a startup. This is easier than applying for an H-1 from scratch, but it's not clear how much easier it is, and what the other constraints are.
3. Put off the startup for a few years (unbounded) until my green card. Needless to say, this option has the stench of death to it.
These are my options as I see them. Am I missing something? Comments much appreciated, especially on option 2. It's been hard to even find a lawyer in Texas; everyone seems do be doing corporate H-1Bs right now.
0.Finding a cool hacker co-founder will be a bit difficult too. We are all out here ;) But if you have one in mind, Go ahead. You don't need the YC money. Living in India is so much more cheaper, it's not like we need Health Insurance or anything. But you have to fly back to market it, Second round funding etc.
1.Very dicey.
2.No one really understands us, I have an appointment with the lawyer at the International Center at my University. I will post to news.yc about what I find out. Meanwhile, you can try to talk to your Univ. lawyers too.
I posted my email in an old discussion about non-americans wanting to apply to Y Combinator. I got more than 10 emails so there seems to be a lot of people with questions about this.
There are a couple of groups in previous Y Combinator programs with one or more international founders, and I'm one of them.
Getting a real work-VISA to the US when you are 22 is virtually impossible, but should it stop you from applying? I don't think so.
Let's keep this thread open for VISA discussion. I'm happy to share my experience and knowledge
I think that's a good suggestion. You can even apply for a longer tourist-visa if you give them a good reason. The main downside is that wont be able to earn money directly from your US corporation
I think you can't pay salary. What about expenses? I think if it's profitable (won't that be nice in the 1st 3 months) one can always pay dividends to shareholders.
I'd say it's probably pretty difficult. I'm certainly not an expert, but to come in to the US on an Investment Visa, I think you need a few million in the bank..
To do it as a Employee, they'd need to do H1B (which I don't think applies here), or standard immigration.. If it's a standard work-visa, there's a problem in that you're not working for anyone..
It probably isn't impossible, but it'd make things substantially more difficult.
To get a H1B to do Y Combinator is probably not an option at all. H1B require certification of the employer etc, which you are unlikely to get for a brand new startup.
If you find a way to be in the country then you can probably worry about VISA when you know your startup is going to be a real company and you'll take investments etc.
I wouldn't say it's impossible to get a work visa - I've gotten TN1's before, and am currently on a L1-A with a few months left before my Green Card is finished. I received my L1-A 2 years ago when I was 22, now at the age of 24 it took roughly 8 months to get my Green Card under the EB1 classification.
Yes - this is where having a partner in the US is really helpful. My partner was able to setup our holding company, and I was able to work for it for a year and then go for my L1. We are then able to start smaller organizations in which VC's can own their percentage, and rest being owned by our holding company allowing for things to still be legal for my current Visa situation.
It's a little bit more complicated to setup, but well worth it and allows you to qualify for a Green Card much faster than the traditional avenues. I'm not sure YC/PG's standpoint on adding this layer of complexity to the incorporation procedure they undergo with YC Funded Startups, but I'm sure that if the team and idea is good enough they'd work with you on this.
I've actually just gone through this process. I'm a Canadian who just finished school and here are the option my US-based immigration lawyer laid out for me:
1) E2 investment visa: not easy to do. You need to meet an undefined "minimum investment criteria" which is typically $500,000 but if you're lucky you may be able to get in with less.
2) TN-1. A legitimate option for Canadians and Mexican. You need to find an American to own your startup in the U.S. and you start a company in either Mexico or Canada. You then get hired by the owner of the U.S.-based company and get a TN-1. You can't be the owner of the U.S.-based company but you can have an option to buy the whole thing.
The nice part about this is that you then get the American-based company to issue you an H1-B visa the next year and you're well on your way to a Green Card.
3) L2. Find someone on an L1 visa and marry them. You can then work for anyone in the U.S. including your own company