Proposed International Entrepreneur Rule Gives Startup Founders Temporary Stay in U.S.
U.S. Citizenship and Immigration Services (USCIS) is proposing to grant work authorization to foreign entrepreneurs who raise substantial capital for companies they start.
- USCIS estimates some 3,000 foreign entrepreneurs may qualify annually.
- USCIS expects this new proposal to create jobs, facilitate research and development and increase innovation in the United States.
In this update, we provide details on the proposed rule as a possible option tailored to startup founders and entrepreneurs.
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You’ve Got VC Money: The Punchlist
As outside counsel to thousands of VC-backed startups, we are often asked the same questions about what startups need to do after raising their first round of VC financing. Here is a quick and dirty list of those next steps. The action items below are described in…
You’ve Got VC Money: Board Meetings
Board meetings are your opportunity to check in with and give an update to your bosses and get feedback and guidance from the experienced members of your board. It is common for VC-backed startups to have four to six board meetings per year, though this frequency can…
You’ve Got VC Money: Board vs Stockholder Approval
While your financing agreements might have other requirements, below is a nonexhaustive list of the types of corporate decisions that typically require board and/or stockholder approval: Board Approval Is Required to: Stockholder Approval Is Required to: Amend the charter or bylaws. Approve significant corporate transactions (e.g., sale…