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Two questions:

1. What is generally the best options for current H1B holders to start their own company?

2. Do you foresee any imminent changes in immigration policy, given the current political climate? I know this is not strictly a legal question, but I think it's a question many people have.

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as a former founder, I can tell you that much that you cannot work for the company you founded on an H1B visa. You can found the company, but not be employed by it. You will need another visa like the O1 or E2 investor visa.

For an H1B you need to be fireable, i.e. have a board of directors that can fire you as a CEO. Otherwise USCIS will argue that you started the company to get yourself an H1b visa

In the absence of a startup option, the O-1 and the E-2 tend to be the best options. The H-1B, as correctly noted, requires the existence of an employee-relationship, which can be tough to demonstrate for the founder of a new/small company.

Could it be done concurrently? IE Found and work on a project whilst employed by the H1B company?

No.

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