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I started looking for a cofounder about a month ago. I am not sure if I will find one by October 31st but the search is on.

How is this evaluated on the application?

Also, there was a recent clarification by the USCIS that a H1-B visa holder can work for his/her own company.

Is YC cognizant of this and can it help the visa holder jump through any hoops (legal or otherwise) to be a H1-B start-up founder?

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They don't help you with visa stuff, you need to do it on your own. An H1B holder can work for his or her own company now, but you need lots of money (~400-500K) and need to pay a real salary (60K ish for a software engineer). The H1B is not a startup visa, perse, it's meant for established companies.

Do you have a link to this USCIS clarification?

http://www.washingtonpost.com/national/on-immigration-a-step...

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