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30-Sep-2022
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Why Trump hate immigrant entrepreneurs??

          Donald Trump and his government have decided to hinder the arrival of entrepreneurs from other nations to the US. The surprising element is that, for most of the people around the globe, it is much expected news. Because, everybody knows that, there is only one country in the world, which never supports others in their growth and always exploits others for their own welfare. And that is America!!

          In January, the outgoing Obama Administration finalized a long awaited rule to create a startup visa that would help foreign entrepreneurs create and grow businesses in the US.

           The rule is formally called the International Rule and was scheduled to go into effect on July 17, but the Trump administration has scrapped the rule.

           The Department of Homeland Security has issued a memo on July 10, pushing the launch to march 14, 2018.

         Immigrants have played a big 

role in Silicon Valley. About a third of US venture backed companies that went public between 2006 to 2012 was created by one or more immigrant founder. According to a recent study by the National Venture Capital Association (NVCA), companies created by at least one immigrant founder include Facebook, LinkedIn , Zipcar and Tesla Motors.

          Indeed, in July a group of 80 entrepreneurs and investors wrote a letter to the White House pleading with the Trump administration to not delay the rule , outlining concerns such as, the delay would hinder the growth of innovative companies in the country. According to the Federal Register , the rule would create a glide path for new startup businesses entering the country. This parole status would be granted on a case-by-case basis for those who could demonstrate that they would create jobs and be able to rapidly grow their business.

     There is currently no clear path to staying in the US for entrepreneurs and many first 

come to the country to workthrough the HB1 visa, which the Trump administration and Congress had already curtailed.

          By scrapping up start up visa, Trump government is actually trying to create discomfort to the immigrants. These policies of Trump have already created grudges among the immigrant communities in the US.

          Speaking about America’s immigration policies, Stripe CEO Patrick Collision said that these policies are hurting startups. ‘US have all but destroyed the conditions that led to a flurry of innovation in Silicon Valley’. He added. Collision and his company’s co-founder John are Irish citizens.

          According to the statistics, in 2016, the startups in America were at nearly a 40 year low.  Only 452,835 firms were born in 2014, according to the US census data. That’s well below the 500,000 to 600,000 new companies that were started in the US every year from the late 1970s to the mid-2000s.

       Guess this data influenced Trump to take such a decision. If people are not interested in the facilities the country provides, then why the hell we should bother, he must have thought like this.

          All of this looks like Trump Administration wants to constrict the immigration flows to his country. Before, targeting start up visas, he has blocked the H1B visas that allowed US companies to temporarily employ foreign nationals. He said he is tightening the rules of the H1B visa programme to stop “visa abuses”.

          Both of these policies reduce the opportunities of people outside America to work there. Many entrepreneurs in US reacted to these policies;

          “Big Mistake”, Steve Case, founder of America Online and now chief executive officer of the Revolution LLC investment fund said in Twitter Statement. “Immigrant entrepreneurs are job makers, not job takers.”

          The National Venture Capital Association, an industry trade group, criticized the step in a statement.

         “At a time when countries around the world are doing all they 

can to attract and retain  talented individuals to come their shores to build and grow innovative companies, the Trump administration is signaling its intent to do the exact opposite,” Bobby Franklin, President and CEO of the trade group said.

         The President’s ban on travel from 6 Muslim majority countries drew criticism from a wide swath of companies with more than 160 technology firms including Amazon. Com Inc., Facebook Inc. and Google corporate parent Alphabet Inc. joining a legal brief criticizing the executive order. Technology firms also criticized the administration’s efforts to restrict access to H1B visas for high skilled workers.

      Silicon Valley has always been considered as world’s hottes startup hub. With these decisions of Trump administration, they are losing the past glory.

          The world is witnessing a steadfast rise in startups. But, America is creating obstacles their country. Like in all the other aspects, they never like others leading them. They want them to be the masters of everything. This is clearly visible in this case too. While every other nation is extending hands to others, they  are taking back what they have already given.