We have floated a number around for our current round of investment as a number we are looking for, and one investor wants to talk more about the valuation. Part of the reason why we have a higher valuation is because there is such a long backlog of investors who want to invest but couldn't get into the previous round. They are now looking to get into this round. But to fit everyone in (even after being selective) would be giving up too much of the company.
Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.
“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”
Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one- or two-year subscription for 50% off.
I’m working in the Bay Area on an H-1B visa and my employer won’t sponsor my green card.
I really want permanent residence, but I never won a Nobel prize; I’m single; and I don’t have a million dollars yet. However, I think I might qualify for an EB-2 NIW green card.
What can you share?
— National in Napa
Wonderful that you’re taking matters into your own hands! This is a complicated process, so the most important advice I can give you is to retain an experienced business immigration attorney to represent you and prepare and file your green card case.
For additional do’s and don’ts in U.S. immigration, please check out the recent podcast that my law firm partner, Anita Koumriqian, and I posted on the commandments of immigration (and especially what to not do when it comes to visas and green cards).
This particular episode focuses on family-based green cards, but these recommendations are timeless and apply to individuals who are self-petitioning for employment-based green cards, such as the EB-2 NIW (National Interest Waiver) for exceptional ability and the EB-1A for extraordinary ability. Our top recommendation in that podcast episode is to avoid DIY immigration, so definitely retain legal counsel!
Filing for an EB-2 NIW or any green card requires more than just filling out the appropriate forms. The process needs to be understood, as the law and legal requirements, and the analysis of whether and how you can best qualify is complicated.
With any immigration matter, one needs to have the resources to fully understand the process, the steps for applying, and the timing and deadlines. We want to always make sure that you always maintain legal status (never falling out of status) so that you can remain in the U.S. (and don’t have to leave).
Hey guys I'm a software dev and made a few apps released 2 of them and both completely flopped nobody even downloaded my most recent app and it took 2 months to build. I'm realizing the whole build it and they will come is not going to work and while I like creating stuff I'd like it even better if people would use it =). I started doing some market research for my new app idea and my niche did express interest I tested via just a post in a subreddit it got like 7 upvotes and got 4-5 strangers to express interest.
I think that was a good way to feel the water but ideally I want to go a bit further and maybe build a landing page and market it? Mostly to make sure that there is actually enough interest before I create yet another useless app.
I 1) don't know if this is overkill, maybe since I have the dev skills it makes sense to make a super simple MVP and then market that, rather than spending time learning how to market and focusing time there and ultimately probably some money for ads etc.
2) If I was to go the marketing route first what would you suggest would be the best way to go about it, would I create some landing page with like wordpress or squarespace and do some google ads? Is there any resources that go over this process?
TL;DR I'm a dev and have talked to my target niche I've identified interest in about 5-10 people from my niche does it make sense to spend more time marketing and gathering interest or build a MVP based on the initial interest. If I should market more is there any resources on how to do this?
I was wondering, for all you funded companies out there, where do you put your VC money and why? A lot of banks, especially online, now have APY rates (used to be much better, now it sucks because of fed rates) in checking accounts, so the money is both liquid and earns interest. I'm surprised people still use SVB.