Washington

“While we recognise the importance of promoting national security and protecting the interests of American workers, we strongly believe the existing and proposed Executive Orders will not accomplish these goals, and in fact, could undermine our ability to find and grow new companies that create jobs here in the US,” they said in an open letter to Trump. 

Spearheaded by two advocacy groups – Engine and National Venture Capital Association – they urged Trump to reconsider the actions and their impact on America’s economic future. In the letter, the firms expressed their concern that the new visa guidelines outlined in the draft executive order would harm the startups that rely on foreign talent to grow. The fact that so many startups rely on H-1B visas only serves to illustrate this fact, “since no sensible, time-constrained startup would opt to rely on a bureaucratically difficult process for hiring foreign-born employees” if hiring American workers was an option, the US President was told in the letter.

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