A group of investors is in Washington to push for passage of a bill that they say would make it easier for foreign entrepreneurs to stay—and create jobs—in the U.S.
By Douglas MacMillan
BusinessWeek.com
During recent travels abroad, Shervin Pishevar says he witnessed flourishing tech communities in places like Russia, Argentina, and Jordan. "There's a tremendous amount of talent out there," says Pishevar, an Iranian-born entrepreneur and angel investor now based in Silicon Valley. He wants to ensure global talent can take root in his adopted country, too.
So on Mar. 3, Pishevar joined a group of more than a dozen other investors and tech luminaries on a three-day trip to Capitol Hill. Talking point No. 1: the StartUp Visa Act of 2010, a bill introduced by Senators John Kerry (D-Mass.) and Richard Lugar (R-Ind.) in late February that would create a new type of visa for foreign entrepreneurs looking to start businesses in the U.S.
Pishevar and other proponents say the legislation would help the country compete for talent and create new companies that would employ American workers at a time when joblessness is rampant. "This bill is a small down payment on a cure to global competitiveness," Senator Kerry says in an e-mail to Bloomberg BusinessWeek.
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