Andy Grove once said, "Success breeds complacency. Complacency breeds failure. Only the paranoid survive."
The link to the article below is about the U.S. policy that rescinded the International Entrepreneur Rule. Under this rule, qualified foreign entrepreneurs are granted temporary parole to the U.S. in order to build and scale their businesses. It was a popular rule and promoted by technology intensive firms.
The U.S. was the number one choice for these individuals. Why not, the U.S. is well known for welcoming entrepreneurs and innovation. We admire and respect these individuals.
However, the rule was rescinded. The result is now these individuals seek other countries. And these countries are sure courting these entrepreneurs. Note in the article what is offered to individuals who meet certain thresholds.
I started with with a quote by Andy Grove, formerly the CEO of Intel. The U.S. is successful in promoting and developing entrepreneurs. However, I do think that success can and often leads to complacency. This policy appears to me to be based on the success of entrepreneurs in the U.S. So why let non-citizens in? That is a mistake. Like capital, innovation and entrepreneurship are mobile.
We should welcome these individuals to the U.S. for what they can contribute and not exclude them because they are not U.S. citizens. Public policy staff should consider this before taking any drastic actions.
Link to the article:
https://www.bloomberg.com/news/articles/2018-10-01/trump-booted-foreign-startup-founders-other-countries-embraced-them
No comments:
Post a Comment