Hi Guys,
I am running a small startup based out of India which has got decent traction and is promising ;) in my mind.
I had a bunch of questions and I'd really be grateful if other YC company founders outside the US or anyone with the knowledge can help:
1. Lets say I get in and do a good demo day - is being based outside the US going to ward off potential investors?
2. Is it possible if I get a US investor (institutional or angel of good standing), then I can sponsor my work visa? and run my company in the US?
3. Can anyone who was initially based outside the US and has managed to get his company funded after YC and gotten a work visa as well - enlighten me about how it worked out?
I've been working day and night on my idea and just want to ensure I know what I am getting into.
Thanks Guys!
1. Usually companies that haven't incorporated outside of the US will register as a US company. If your visa situation isn't completely sorted it can be a slight deterrent to some investors but not enough to put anyone off. Usually not because you're not from the US but because getting kicked out of a country can put a founder in a tough place. There are many YC companies that do it every year and guys like Joel and Leo (AngelPad) from BufferApp raised their seed round for a US company from top investors and while they get their visa they've based their company in other countries.
2. There is a Visa for Angel Investors but I don't believe there is a visa doing the opposite. Of course if you have a degree your options open up considerably. It is technically somewhat possible to sponsor your own H1B but since you're a founder of the company and major shareholder, I doubt this would be accepted.
3. A lot of people I know go for the O-1A visa. Which is for Individuals with Extraordinary Ability or Achievement. If you can show getting into YC and success of your company has value to the US you will be able to say for up to three years at which point you can extend or look at your other options. It's not inexpensive or easy but is a good bet.
More info here: http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b...