With all due respect, this seems pretty naive to me.
I've met dozens of people trying to gain entry to Canada and the US, and it's common knowledge that you can game the system with money. This would just provide another entry point.
You would have to define what is a successful startup, in simple legal terms, and people would find ways to satisfy the definition and stay in the country.
I have experienced first-hand the difficulty of moving to a new country, adapting to a new system, trying to build a new social network. Any genuine startup founders would have to contend with all this, all the while knowing that if their business fails they're booted out of the country.
Anyway, I believe the reason entrepreneurship works so well in the US is because we allow people to fail.
I've met dozens of people trying to gain entry to Canada and the US, and it's common knowledge that you can game the system with money. This would just provide another entry point.
You would have to define what is a successful startup, in simple legal terms, and people would find ways to satisfy the definition and stay in the country.
I have experienced first-hand the difficulty of moving to a new country, adapting to a new system, trying to build a new social network. Any genuine startup founders would have to contend with all this, all the while knowing that if their business fails they're booted out of the country.
Anyway, I believe the reason entrepreneurship works so well in the US is because we allow people to fail.