The EB-5 visa is designed for foreign investors to get a green card if they are willing to bring capital to the US and create at least ten full-time jobs. Unfortunately, this program applies to the investor who holds the capital, and not the entrepreneur who discovers how to put that capital to use. A small change in the law could have a big impact on entrepreneurship in this country, and that's what [McClure] proposed
If all they did was extend that same provision to founders, it wouldn't do much good, because few early-stage startups create 10 full-time jobs out of the gate. Indeed, that would be an anti-pattern. However, these guys must know that.
Another distinction is that the EB-5 requires that the person desiring a visa personally invest $1M (not raise it from investors). Additionally, in areas where the limit is lowered to 500K, the person still needs to have a personal net worth of $1M.
Linking a founder visa to a personal net worth in high six digits will defeat the purpose of the visa.
If all they did was extend that same provision to founders, it wouldn't do much good, because few early-stage startups create 10 full-time jobs out of the gate. Indeed, that would be an anti-pattern. However, these guys must know that.