VC: Hey DHS, Entrepreneur lied about something 2 years ago just before/after he came here.
Entrepreneur: That was not a lie - that was marketing. Every business does it.
DHS: "Get out"
> For a VC and an entrepreneur, the VC has shares in a company that is run by the entrepreneur. The entrepreneur ALSO has shares in the company and always will even if they leave the country.
This is nice in theory, but in practice (especially in knowledge economy companies), the employees are the company - everything else is furniture, coffee machines, ping pong tables...
The VC can just start a new company with ideas stolen from the person they just kicked out. They can offer the (now unemployed) employees of the previous company slightly more equity and money then they would have received at the previous company.
I don't understand why you are defending a system like this.
Let's just understand what "the system" is in the first place.
Whether it is morally good or bad we can decide after we make sure we are talking about the same system.
It sounds like you are suggesting that DHS would kick out the entrepreneur if there was a falsehood on marketing materials?
I don't know what that example was supposed to illustrate so please clarify, because I don't think that is how it would work.
Secondly, I don't know under what conditions DHS is allowed to cancel visas.
But let's more on to the other matter, which is the relationship between the VC and the entrepreneur. You acknowledge that the "knowledge" is key, but you still think that they can replace the person who is running the company?
Finally, you agree that the person would still retain ownership in the company?
VC: Hey DHS, Entrepreneur lied about something 2 years ago just before/after he came here.
Entrepreneur: That was not a lie - that was marketing. Every business does it.
DHS: "Get out"
> For a VC and an entrepreneur, the VC has shares in a company that is run by the entrepreneur. The entrepreneur ALSO has shares in the company and always will even if they leave the country.
This is nice in theory, but in practice (especially in knowledge economy companies), the employees are the company - everything else is furniture, coffee machines, ping pong tables...
The VC can just start a new company with ideas stolen from the person they just kicked out. They can offer the (now unemployed) employees of the previous company slightly more equity and money then they would have received at the previous company.
I don't understand why you are defending a system like this.