Pascal-Emmanuel Gobry, French entrepreneur who envisions the United States as a much better breeding ground for start up companies than Europe, is now taking his opposition to the Start Up Visa Act to the public and has stated that, this act if and when enforced will still prove to be more risky for the start up companies, as these companies would have to rely heavily on investors, thus putting the fate of the companies in the hands of the investors and not the other way around.

The idea for the Start Up Visa was pitched by Paul Graham of Y Combinator about a year ago and almost instantly almost every investors began supporting it the moment it was publicized by Brad Feld, a VC at Foundry Group. One of the factors that would make this ambitious law a big problem for the start up companies, is their reliance on investors. As per the law, if an immigrant isn’t able to raise the required funds for his venture, then he or she would face the risk of being deported. Therefore, in many ways, this act won’t only affect entrepreneurs on a professional level, but also on a more personal level as well. It might very well lead to excessive exploitation of start up owners, who would then have to give in to the demands of the investors, to ensure their stay in the United States and carry on with their business.

Another factor that makes the Start Up Visa a risky move for the entrepreneurs is the conditions that are required to be met to attain a green card. As per the bill, the foreign entrepreneurs have to raise an additional one million dollars after two years of their stay or achieve a target of a million dollars on revenue, in addition to the creation of five full time job opportunities.

Via Business Insider