I am not YC founder, so i dont know how YC do that. But technically everyone can come to US, register a company and work for it. Its YOUR company, so no prob here.
Although you might need to come back to your country every 6 months or so.
Edit: Surprised to see so many comments and and downvotes from "experts" for that. Get business/tourist (b1/b2). You are not working you are considering investing in US- one of the simples rules to remember when crossing border- and there are many others.
I think you'd see a lot more upvotes if you gave an explicit description of how "everyone can come to US, register a company and work for it", instead of making this empty (and to the best knowledge of most people that had to deal with the US immigration, incorrect) statement.
There is a visa (It's one of the E visas) for people bringing capital into the states but you it's not a trivial amount and you need to prove that you will employ a certain number of Americans.
Highlights for the investor visa:
- The investor must be coming to the United States solely to develop and direct the enterprise
- The investment must be substantial. It must be sufficient to ensure the successful operation of the enterprise
- must have the capacity to generate significantly more income than just enough to provide a living to the investor and his or her family, or it must have a significant economic impact in the United States
I'm not sure if a YC funded founder would be elegible, but seems hard
I've been running my own business in the US on an E-2 visa for the last 12 years. The minimum recommended initial investment is of the order of $100,000 - and a majority the E-2 company must be owned by citizens of the non-US 'treaty country'.
You have to bring $100,000 of your own personal money into the company (so investment from 3rd party doesn't count).
You also have to maintain control of your company, ie you can never give away more than 50% of the equity in the company - and that will be prohibitive when seeking investment.
The company is thus limited in it's ability to fundraise above a certain point and an exit is impossible without the founder leaving the country.
I can imagine that incorporating a company in the US and then having that company sponsor you would be a valid use of the E3. Once the company has an LCA to prove a US resident can't do your job (requires some hoop jumping and waiting around), it's super easy to get the E3.
For a really young/small company you'd probably need to go to some effort to prove that the company isn't simply a vehicle to get the visa for a foreigner.
I had an E3 and left of my own volition without applying for an extension. I tend to get a couple of minutes of extra questioning when going in to/transiting the US now, based on their assumption that I obviously want to return to live/work there, having experienced their awesomeness in the past. I know another person in exactly the same situation.
(edit: changed LMO -> LCA. I was confusing Canadian and US terminology)
Thx, but i dont really care about my carma. I simply cant be wrong here because i experienced this myself and know like 10 friends doing such things with zero probs. Heck even YC says that visa isnt a big deal for their companies.
Guess most of downvotes coming from lazy hackers who like to count visa issues as excuse for their own laziness.
i know that this will get a ton of downvotes, but problem with getting entrepreneur visa in US is pretty much overvalued!
Get this:
Most skilled ppl can get this or other solution pretty easy and legal after doing some research in the field. So dont worry about getting a visa, better worry about building a great product!!
Although you might need to come back to your country every 6 months or so.
Edit: Surprised to see so many comments and and downvotes from "experts" for that. Get business/tourist (b1/b2). You are not working you are considering investing in US- one of the simples rules to remember when crossing border- and there are many others.