You get a grace period if you leave your job right? I just don't see this as a showstopper...you could've applied and dealt with problems as they came up.
Actually, no. You don't get a single grace day as somebody else has pointed out below. Plus, even if these guys applied and incorporated immediately, they can't (i.e., the INS will not approve it w.h.p.) sponsor H-1s from their own company (even an H-1 transfer) unless the company receives significant investment. All-in-all, it's certainly a big show-stopper.
We were students on F-1 which turned out to be just the right thing to have. We went on an OPT immediately and by the time we needed H-1Bs for ourselves, we had raised enough money to be able to justify the INS that we are a totally legit company capable of paying H-1B level salaries.
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It doesn't. But the company will have to be registered as a U.S. based entity first which may take some time and will only be done after YC starts.
You get a grace period if you leave your job right? I just don't see this as a showstopper...you could've applied and dealt with problems as they came up.
Actually, no. You don't get a single grace day as somebody else has pointed out below. Plus, even if these guys applied and incorporated immediately, they can't (i.e., the INS will not approve it w.h.p.) sponsor H-1s from their own company (even an H-1 transfer) unless the company receives significant investment. All-in-all, it's certainly a big show-stopper.
So how did you guys do it?
We were students on F-1 which turned out to be just the right thing to have. We went on an OPT immediately and by the time we needed H-1Bs for ourselves, we had raised enough money to be able to justify the INS that we are a totally legit company capable of paying H-1B level salaries.
IANAL, but there might be other ways. Send me e-mail. ashu [AT] buxfer