Silicon Valley VCs slam President Trumps latest visa restrictions - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Major Silicon Valley VCs are slamming President Trump's immigration restrictions as 'short-sighted' and 'very dangerous' to long-term technical innovation

to hire some of the top experts in highly competitive fields like machine learning or data analytics. "Undoubtedly this will have long-term implications on the ability of U.S.-based companies to attract talent and maintain a competitive edge at a global level," Index Ventures partner Mike Volpi told Business Insider.

"This is when the next big tech companies will be created, now, in the opportunities that exist in this post-COVID moment," said Jennifer Neundorfer, the cofounder and managing partner of January Ventures.One doesn't need to look very far to see the role of immigrants in the tech industry. Google cofounder Sergey Brin's family emigrated from Soviet Russia in the 1970s. Alphabet CEO Sundar Pichai and Microsoft CEO Satya Nadella both moved to the US from India.

"When that talent pool doesn't show up, that's my primary target audience 10 years later," Agarwal told Business Insider. "They show up here at age 18 to go to university, but when they are 30 years old and have been here on an H1-B, those are the people that disproportionately start companies. This is a very dangerous message to be sending to the technical community around the world.

"We cannot take for granted that we as a nation are the destination of choice for the next Sergey Brin, Elon Musk, or Sundar Pichai," Haystack VC founder and general partner Semil Shah told Business Insider. "The people who have benefited from the current paradigm — all of us, really — need to pay it forward by clearly organizing against this type of policy, as well as ensuring the unalienable rights of other individuals.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No one should program mine. I do not care who is asking, they never got rights for that. Whatever was acquired by spying, should not be programmed, no need to invite workers for that. Silicon Valley is in many violations. They should be considered as inviting for illegal.

I’m sure they are, as they want cheap labor. If they want to do business here, they need to hire Americans first. Importing workers with 40 million Americans out of work would be demonic. If they don’t like doing business here w/Americans, let them go to China.

Then don’t vote for the A-hole

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook's bad week, inside The Athletic, and Red Bull's reckoning - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I thought he had enough money to get a decent haircut Don't give up Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Prefer the house of Bill Gates at Seattle: a mix of human warm in natural paradise with all possible Tech inside. Elegancy and classy are not an invention, are ancient education in ancient dna🤩👏👏👏👏👏👏👏👏👏👏👏❤️
Source: BusinessInsider - 🏆 729. / 51 Read more »

An inside look at Stanford's mental health innovation course - Business InsiderAn inside look at Stanford's one-of-a-kind course on mental health innovation, where students mingle with industry experts and develop business plans aimed at revolutionizing the healthcare industry (by AnikaNayak)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tech companies slam Trump's executive order restricting work visasSilicon Valley is pushing back against President Donald Trump's latest immigration curbs, affecting visa programs that its biggest companies use to bring in thousands of skilled foreign workers. We have plenty of unemployed Americans you can hire Good use of their monopolised power over information. CNN = lying to the American people for 40 years. Hire American
Source: CNN - 🏆 4. / 95 Read more »

Silicon Valley CEOs Criticize Trump’s Visa RestrictionsSilicon Valley executives pushed back against President Trump’s move to suspend new immigration on several employment-based visas programs, warning it could damage the U.S. tech industry’s competitiveness and jeopardize job creation. Hire US college grads who majored in computer science and engineering then They don’t want to hire Americans because it will be bad for their quota? And not save lower wage jobs. These visas are for high skill work. They're trying to frame it like 'we're saving middle class and lower class jobs' when it's really hurting growth industries and not protecting unskilled labor at all. It's for show.
Source: WSJ - 🏆 98. / 63 Read more »

Apple, Google and chorus of tech business leaders slam Trump's new visa restrictionsA chorus of business leaders have slammed the Trump administration's announcement that it is cracking down on a handful of work visas including those widely used by high-skilled tech workers. Tim Cook said he was 'deeply disappointed' by the news. Hope it makes it easier for my son to get a job out of college! Who cares There are, literally, millions of Americans out of work though Washington keeps the H1B floodgates open so that Tech billionaires can keep their welfare train going.
Source: ABC - 🏆 471. / 51 Read more »