Tuesday, October 16, 2007

PaidContent: Moritz: Immigrant Startups Discouraged; Subscription Model Doomed

"From our site paidContent:UK: Silicon Valley venture capitalist Michael Moritz faults US immigration policy for discouraging overseas entrepreneurs from starting up in America. Speaking to paidContent:UK at a Cardiff Business Club lecture on a visit to the Welsh capital of his birth, Moritz, who made early investments in the likes of Google (NSDQ: GOOG) and Yahoo (NSDQ: YHOO) for his Sequoia Capital, said restrictions introduced following 9/11 “won’t surface as a huge issue until several years from now, when the crop of people who have (not come to America), their absence will begin to be noticed ... In California anyway, hiring engineers is much more difficult than it’s been for any number of years ... in part because of the difficulty in getting green cards. A lot of the people who might have chosen 10 years ago to seek their way to the west, and to the US in particular, now elect to build their companies at home.” More on this interview here. "

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