Betting Hillary Talked H1B Visas Friday Nite at Shervin Pisehvar's Fundraiser for Elites
How much you want to bet Hillary discussed H1B visas with Shervin Pishevar at the fundraiser? Notice the GS, too....
Sherpa is raising a $150 million called the Sherpa Ventures Fund that will take a new approach to early-stage startup investments.
Sherpa is the project of two Silicon Valley heavyweights — Menlo Ventures parter Shervin Pishevar and Scott Stanford, a managing director at Goldman Sachs. News came out earlier this year that the duo was starting a new company to build and support startups. It consists of a startup “Foundry” and a fund.
Details are still vague, but we do know that the Foundry will be a sort of incubator program-meets-startup studio. Participants will dream up new ideas and attempt to turn them into successful companies. AllThingsD reported in February that The Foundry would be funded by a number of strategic corporations and well-known entrepreneur partners. The Sherpa Ventures Fund will support those new companies
Pishevar is a well-known and well-liked figure in the startup scene. He founded multiple startups, worked as chief application officer at Mozilla Corporation, and was an active angel investor before joining Menlo Ventures as a managing partner in 2011. Menlo had $4 billion in assets and mainly focused its investments on less “sexy” areas of technology like enterprise software and networking solutions. Pishevar was brought on to help Menlo dive into the consumer and social Web. He told the New York Times that he hoped to create a “people-focused” incubator at Menlo to “develop a structure and methodology that can help incredible founders scale across the stages” and formed the $20 million Menlo Talent Fund.
http://venturebeat.com/2013/07/01/shervin-pishevar-scott-stanford-raising-150m-for-sherpa-ventures-fund/
1. Entrepreneurs living outside the U.S.—if a U.S. investor agrees to financially sponsor their entrepreneurial venture with a minimum investment of $100,000. Two years later, the startup must have created five new American jobs and either have raised over $500,000 in financing or be generating more than $500,000 in yearly revenue.
2. Workers on an H-1B visa, or graduates from U.S. universities in science, technology, engineering, mathematics, or computer science—if they have an annual income of at least $30,000 or assets of at least $60,000 and have had a U.S. investor commit investment of at least $20,000 in their venture. Two years later, the startup must have created three new American jobs and either have raised over $100,000 in financing or be generating more than $100,000 in yearly revenue.
3. Foreign entrepreneurs whose business has generated at least $100,000 in sales from the U.S. Two years later, the startup must have created three new American jobs and either have raised over $100,000 in financing or be generating more than $100,000 in yearly revenue.
The investor must be a qualified venture capitalist, a “super angel” (U.S. citizen who has made at least two equity investments of at least $50,000 every year for the previous three years), or a qualified government entity.
The really good news is that this enables foreign students and workers who are already in the U.S. to qualify for a visa. The requirements for them are very reasonable—they must show that they have enough in savings not to be a burden to American taxpayers, and get a qualified investor or a government entity such as the Small Business Administration to validate their ideas by making a modest investment.
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A lot of hard work has gone into this bill, over the last two years, by tech notables Brad Feld, Eric Ries, Dave McClure, Manu Kumar, Shervin Pishevar, Fred Wilson, and Paul Kedrosky. This group is launching a campaign to gain the bill political support. It is using social-lobbying tools powered by Votizen to take tweets, Facebook posts, and SMS messages and hand-deliver them to Congress. The Startup Visa website details how you can get involved and help the bill to succeed. Now it is your turn to speak up and help us revitalize the economy.
http://techcrunch.com/2011/03/14/finally-a-startup-visa-that-works/
Named "Bill Gates' Worst Nightmare" by the Financial Times, Shervin is a visionary technology entrepreneur, published researcher, start up advisor and incubation expert and startup visa activist. Shervin has raised nearly $50m in venture funding for his start ups. Shervin is the founder and CEO of SGN, one of the leading social and mobile gaming companies. Shervin was founding President and COO of Webs (formerly Freewebs), one of the largest social publishing communities in the world with over 40 million members and adding 25,000 users a day. Shervin raised $12m for Webs from Novak Biddle and Columbia Capital. Shervin currently serves on the Board of Directors of both SGN and Webs. Shervin has co-founded such companies as Hotprints to revolutionize the personal printing and direct marketing world and Hyperoffice, a leading SAAS provider for small businesses.
Shervin is an active angel investor in such companies as Aardvark (sold to Google), Gowalla, Milo.com, Wakemate, Plancast, Klout, Medialets (advisor), Thread.com, MightMeeting, Kissmetrics and more. Shervin was a member of the Technology, Media and Telecommunications (TMT) policy working group that helped create the Obama Technology and Innovation Plan. Shervin has an extensive track record for technology innovation and his achievements have been highlighted by the Wall Street Journal, Financial Times, New York Times, LA Times, CNN and CNBC.
Shervin founded his first company, WebOS (myWebOS), in 1997 when he was 23 years old and raised over $10 million for that venture from such investors as Adam Dell's Impact Venture Partners and Grotech Capital. In 2001 he founded Ionside Interactive, a leading award winning PocketPC software company, Application Corporation, creators of the Hyperoffice messaging and groupware suite, advised Elipse Networks. Products Shervin has created have won awards such as the 2002 Top 100 Technology Award by Computer Shopper Magazine (Ionside's Argentum), Top 5 Web Applications (Hyperoffice) by CNET and the NY Times Advertising Design Award Finalist (Elipse's Evian Design).
http://www.palindromeadvisors.org/advisors/founding-advisors/shervin-pishevar/
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