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An Anonymous Coward writes:

Unlike the system of using H1B visas as the first step in outsourcing jobs over-seas, the white house is planning to allow immigrants who work at a funded startup where they have at least a 15% ownership stake to stay in the US for up to 5 years.

http://www.recode.net/2016/8/26/12652892/white-house-startup-visa

Already speaking out in favor of the new rules is PayPal co-founder Max Levchin, who moved to the U.S. from the Soviet Union in 1991.

"I believe that the most promising entrepreneurs from around the world should have the same opportunity I had — the chance to deliver on their potential, here in America," Levchin said in an email released by the White House.

To be eligible to work in the U.S. under the new rule, the foreigner would have to own at least 15 percent of a U.S.-based startup, have a central role in its operations and have "potential for rapid business growth and job creation."

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