Why The US Is Losing Immigrant Entrepreneurs To Other Nations

Interesting longish read on how USA is becoming less attractive given immigration restrictions, and how other countries, including Canada, are benefitting:

John S. Kim, cofounder of Sendbird, which offers real-time chat and messaging for mobile apps and websites, relocated from his native South Korea to San Francisco five years ago.

He wanted to be close to his U.S. customers like Yahoo, Reddit and Headspace,have access to Silicon Valley venture capital, hire American engineers and expand his company here. He easily obtained an L-1 nonimmigrant visa for foreign executives, given that he’d first started the business in South Korea, but by 2019, he had only one extension left. He applied for a green card to get legal permanent residency—and received a letter that he’d likely be denied. “Notice of intent to deny is, ‘We’re going to kick you out; change our mind,’ ” he says. “We had raised $100 million–plus in financing, we had real revenue in the tens of millions of dollars, we were creating jobs. It was a slap in the face, for sure.”

Source: Why The US Is Losing Immigrant Entrepreneurs To Other Nations

About Andrew
Andrew blogs and tweets public policy issues, particularly the relationship between the political and bureaucratic levels, citizenship and multiculturalism. His latest book, Policy Arrogance or Innocent Bias, recounts his experience as a senior public servant in this area.

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