Funding Benchmark In Startup Founder Rule Draws Scrutiny

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Law360, New York (October 20, 2016, 9:59 PM EDT) — A proposed rule that would let foreign founders of startups temporarily remain in the U.S. has drawn a slew of responses from venture capital groups and immigration organizations, including Mark Zuckerberg’s, with some commenters seeking to reduce the $345,000 investment requirement and calling for a path to a green card.

Under the rule, which was rolled out in late August, the government would allow startup founders to receive “parole” for two years, with a possible three-year extension. Although parole amounts to just temporary permission to…

Source: Law360