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Peter F. Asaad quoted in article “U.S. Government To Foreign Entrepreneurs: Show Us The VC Money”

Forbes

Below is an excerpt:

The U.S. Citizenship and Immigration Services (USCIS) wants to help international start-up founders stay in the United States, at least on a temporary basis. The USCIS has proposed the International Entrepreneurship Rule to fill a gap in the legal options offered to foreign, non-immigrant entrepreneurs who want to start a business in the U.S.

“There are quite a lot of startups that would be interested in this program,” acknowledges Peter F. Asaad of Quarles & Brady in Washington, D.C. In fact, he knows of a number of start-ups that won’t make it if the rule isn’t finalized and their founders have to leave. “It happens all the time,” says Asaad.

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