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Comment by tptacek | Hacker News Reader

Have you beat $1MM in revenue within 2 years of starting? We did.

(a) It wasn't easy.

(b) Before we beat that metric, we were still --- by virtually anyone on Hacker News' metrics --- a successful enterprise: growing, in control of our destiny, working on meaningful things, creating jobs.

The metrics in this bill are arbitrary (to put it charitably; there's an uncharitable interpretation too). A Thai entrepeneur who can create 5 viable US jobs should be granted a visa without an "angel investment". A Thai entrepreneur who can create viable jobs should be granted a visa without a postage stamp.

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Isn't it true that it is $1MM in revenue within 2 years of getting a visa?

So you could apply when you had $500K in revenues.

Also, I don't know for sure if the qualifying clauses for not being deported have an "and" relationship or an "or" relationship.

Do I need to raise a million dollars AND generate a million in revenue AND generate 5 jobs? Or is one of these enough?

If you're at 500k already, you can probably pull off an EB-5.

Regardless, I'm not all that concerned about the 500k entrepreneurs.

I'm unclear on the "and" and "or" thing, too, but I think it's equally arbitrary to deport someone with 4 full-time employees for missing a $1MM mark, and I think 5 "full-time" employees is extremely gameable.

EB-5 says $1M investment NOT $1M revenue

My interpretation is that you have 2 years to preform, and if you don't by the 3rd year - then you are deported, and not for missing the 2yr marks. You have 12 months of latitude if your heading in the right direction with employment.

I do agree that there is going to be some gaming of the system.

I read the EB-5 rules before I commented. I stand by my comment.

> I think 5 "full-time" employees is extremely gameable

That's what strikes me. What kind of employee do they need to be? If I employ 5 full time janitors on minimum wage do I get to stay?

True. Until that 1$ in revenue is reached, the company still makes revenue and ensures jobs for people, some might have even more than 5 employees.

5 American employees. Maybe they'll move to Singapore when the founder is forced to relocate the company?

please... your arguments are circular.

if the new visa class doesn't exist, these folks won't have jobs anyway. now you're claiming we should be worried their jobs might be taken away?

decide which part of the argument you wish to discuss.

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