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Sophie Alcorn Podcast

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  2. 059: Just Raised $20 Million, Now What?

059: Just Raised $20 Million, Now What?

Feb 23, 2021

In this episode of Immigration Law for Tech Startups, I’ll be discussing every startup’s dream problem: Figuring out how to quickly and strategically scale up after raising $5 million to $20 million in a Series A round!

 

Before I delve in, I want to solicit your suggestions for harnessing the power of Clubhouse, an invitation-only audio-chat social networking app, which I recently joined. I’m @Sophie-Alcorn. I’m considering offering drop-in immigration office hours or panels on immigration topics, such as the H-1B lottery or how a founder can move to the U.S. Please send me your suggestions on Clubhouse or by using the email or social media contacts above or below.

 

Now, let’s get back to that $20 million dollars! We’ve been contacted by several clients lately whose startups have completed a Series A round and find themselves with an 18-month runway and the need to hire 20 to 100 engineers ASAP or within a certain time frame to achieve hockey-stick growth. And if you aspire to be in this position, know that it’s possible! Listen in for more details and examples of the work visa categories that offer the quickest options for attracting international talent to help you grow your startup. And be sure to check out the resources below.

 

Anything we can do to help individuals make a better life here in the U.S. and follow their passion will benefit all of us. Please share this episode with recruiters, HR and people ops personnel, investors, companies, startup founders, or anyone who can benefit from it. Reach out to us if we can help you determine your company’s best immigration strategy or your best immigration options whether you’re in the U.S. or abroad.

 

In this episode, you’ll hear about:

  • Why immigration is a secret weapon for winning top talent
  • Work authorization, immigration status, and internal I-9 audits
  • Topics the management team and investors should discuss
  • Using immigration as a benefit
  • Creating an immigration policy
  • Jobs easily filled by American workers and those that are not
  • The type of visa holders currently in the U.S. that can start working with a new employer in three to six weeks
  • The unique benefits of sponsoring an H-1B transfer
  • The visa categories that are difficult to transfer to a new employer
  • Which visa categories are relatively quick and easy to obtain for individuals living outside the U.S.
  • Hiring F-1 students on OPT or STEM OPT and sponsoring them in the H-1B lottery in March

 

Don’t miss my upcoming conversations with top Silicon Valley venture capitalists, startup founders, professors, futurists, and thought leaders on Immigration Law for Tech Startups. Subscribe to the podcast here or whatever your favorite platform is. As always, we welcome your rating and review. We appreciate your feedback!

Resources:

Alcorn Immigration Law publications and courses

 

Immigration Law for Tech Startups podcast

 

TechCrunch columns

"Dear Sophie: How can we sponsor H-1B transfers and extensions?"

 

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EPISODE CREDITS:

 

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