I would think an open-door policy that lets people with prima facie evidence of a legitimate startup come in for 1-2 years to try their hand would be hugely beneficial. You might require a letter of recommendation from an investor but not actual investment. If they haven't raised money or have revenue after that then the visa ends, and you might only be able to apply for it once every 5 years. I think this would enable a flood of talented entrepreneurs to come and give it a go with very little risk of abuse - coming to the US is a very expensive proposition if it is only going to last a year or two. Just the overheads of showing up are a pretty high barrier. And any person landing fresh is going to spend a lot of money in their first year and as an entrepreneur they are by definition not taking anybody's job. It really seems like a win-win.
Ok, I get it that the US incurs some liabilities when it accepts inmigrants, etc... that's why the startup visa makes some kind of sense...
I'd love to go to the US (heck, even visit!) but I've been deterred several time (I've been 2 inches from the US border during my stay in Canada, but I didn't want the visa hassle and expense just for a short visit - not that the Canada visa experience was much better but I have relatives there)..