Amsterdam Markets and a New Adventure

One of the best things about living in the Netherlands, and in the center of Amsterdam, in particular, is access to weekly street markets. In a city that is so saturated with grocery stores of all types (organic, raw, vegan, carnivore) and sizes, I find it impressive that the weekly street market remains one of the best places to procure good quality produce and handicrafts.

On sale is food stuffs from all around the world. In our neighborhood, we’re lucky to even have a weekly Wednesday organic produce market where you could find tons of seasonal and fresh vegetables as well as breads. During the summer months, you could also spot little kids bathing in the fountains on the square where the market is held.

The weekly markets afford a unique shopping and product experience that is hard to obtain while shopping online or at your favorite Main Street chain. We have come to make a lot of friends as we enjoy the wonderful waffles and sandwiches every weekend at the market downstairs.

The markets also serve to promote small businesses and entrepreneurship, a large number of them run by women and pensioners. Quite a bit of these businesses graduate to bigger companies and/or complete tie-ups with bigger hospitality companies. All this at a time when there’s entirely too much talk about automation and removal of manual labor; crafts(wo)manship still matters!

The neighborhood Westerpark also has a series of arts and fashion markets throughout the year, more so during the warmer summer months. During the colder times of the year, they usually have one market a month. While these markets are not so much product focussed, you often see a lot of entrepreneurs in niche areas selling things from wooden eyewear frames to custom keychains. As the Dutch would say – the markets are really gezellig.

V and I had been discussing one of her ambitions for a while – that to set up her own food stall with Indian street snacks and the ubiquitous masala chai. This finally bore fruit this past week when she received the go-ahead from the Sunday Market organizing committee to set up her very own stall!  And thus began her preparations. She’s really excited and we hope that it is a hit!

Of course, my job is to only provide support, which I did by helping carry stuff upstairs and performing the shopping chores. She even set up a brand new Facebook page (Delhi 6) for her new venture. In a span of a few hours, the page already had close to 100 likes by our friends. The name comes from the postal code of the Chandni Chowk area of old Delhi famous for its street food.

And hence begins a new adventure. If this goes well, she will set up more stalls at other upcoming markets. The trials with our neighbors and friends have been successful, so there is definitely some good demand for her craft.

If you’re in Amsterdam, you should come visit!

Why the Founders Visa could suck

If you have been following blogs of people associated with the technology and entrepreneurship industry (yes, entrepreneurship is also an industry) with any level of intent, you MUST have heard of the Founders Visa movement. Predictably, the ‘grassroots’ effort has been gaining a lot of momentum thanks to Twitter.

The premise is that if you’re a budding entrepreneur with viable investment money on hand, you should be able to freely come to the US as a nonimmigrant to start your business. Hitherto, the only ways to come to the US without having been born here have been through a buffet of non-immigrant visas or being able to secure work in the country. The latter has always been classified as a dual-intent visa that allows you to also apply for permanent residency through employment based green cards. Notice the importance of intent. If you’re a student and you give the guy at the consulate the impression that you’re going to find a job after graduating, there are grounds to reject your non-immigrant visa.

This becomes an important issue to consider when you realize that MOST of the successful companies in the US were started by people who first came to the US on these student or other non-immigrant visas. Statistically, most successful startups are also conceptualized and governed by people in their late 20s or early 30s. Also, quite a few, if not all, entrepreneurs work for a while IN THE USA before they think, ‘Hmmm, I should start a business doing this’.

MISTAKE 1: Emphasis on intent

Now, once you’re in the USA, you complete your education from one of the top schools in the world. Even though you hardly have any American students in your Algorithms class, you are optimistic, and you get that degree. But wait, you get one more just because you love being in school. And here you are, one of the brightest people around, have a potential career, have a strong head on your shoulders, are optimistic, etc. What next? You apply for a job! Yey, right? No. Because…you’re now a potential immigrant, are suddenly a bad guy because you’re trying to reduce wages, and worst of all, you aren’t American. You are in line for a work permit.

MISTAKE 2: Treating international graduates like first time immigrants

But, before you get a work permit, you have to be worthy enough for a company to spend more than $3k on lawyer and application fees for you. On top of that, thanks to the xenophobia and immigration backlash, they have to contend with the fact that the other employees might link your getting hired to their kin losing jobs. I know it’s ass backwards, but bear with me. In the quest to get a work permit, who wins? Half of that $3k figure is actually lawyer costs. In a country where the insurance company makes more than the doctor this doesn’t surprise me one bit. Compare this to Canada, where just like healthcare, you don’t need a middleman to file your paperwork.

MISTAKE 3: Making it hard to actually get a visa

Now you have a visa, a job, and are making some money. You’re being a good non-citizen – paying more taxes than citizens (you can never avail a lot of benefits reserved for citizens), contributing to the society, making kind donations for the needy, obeying the civic laws, etc. Then, you realize that you’re actually good at what you do, and there’s a lot of sense in starting a business. Well, welcome to America! You can start a business but you cannot work for it! We like passive investment, but you cannot do anything more than putting in money. Which means, you’d have to have a full time job, worry about keeping it, all the while as you struggle to start your company and make it profitable. You have a choice – move to Canada or Chile while you’re still young or live the American H1B dream.

MISTAKE 4: Wanting the best but doing nothing to keep them here

So you eschew the idea of starting a new enterprise until you are a legal permanent residence and don’t have to worry about being employed all the time. Well, there’s an app…err I mean paperwork for that. And, if you are a citizen of China or India, you are looking at almost 6-7 years of patiently waiting before getting anything back out of that paperwork and large amounts of attorney fees. Depending on when you file for your permanent residency, you could all but forget about marrying that girl you knew back home, because she could marry you but not come back with you. Splendid.

MISTAKE 5: Making timely legal immigration some sort of a pipe dream

Once you get that ever so elusive green card, you’re fed up, tired, old, and the torture you faced has made you an immigrant hater yourself. Then, there’s the added pressure of hearing about all those successful peers that went home when there was time and made big bucks. So, what do you do with that green card? Well, you use it to help your retired parents spend the rest of their life with you here in America where you nearly got everything you wanted when you wanted.

There was a time when people actually went through all this effort, because frankly, there was no better place to work than in America. Things have changed A LOT since then. There’s a mass exodus of young non-immigrants from the US to other countries. These people came here, got educated, loved working hard, met great people, but they don’t want to toil away for a piece of paper that still wouldn’t release them from the xenophobia that they so wanted to overcome.

So, where does the Founders Visa fit in? Some say it should be an entirely new visa that looks at you as a capable entrepreneur, gives you a few years to prove it, and requires some amount of backing by established investors. If you fail, you leave the country.

Are you fricking serious? I am sure that’s so enticing.

Some argue that it should be an extension of the EB5 permanent residency category. The category that lets you come to the US, no holds barred, for a mere amount of $1,000,000 ($500,000 through a rural investment). That’s really it. Invest that amount of money and you’re guaranteed a happy retirement in the United States of America! All it takes is 2 months of paperwork and lawyer fees. Splendid again.

You know why the Founders Visa proposal sucks?

IT IS STILL A VISA AT THE END OF THE DAY

You are not inviting any talented people to the country by making such an entry conditional on their being successful. Are you serious? Do you ever go out during the day? Do you have a social life? How do you explain the pressure on these entrepreneurs who have to compete with undocumented immigrants (who, by the way have it way way easier)?

How many entrepreneurs would come to the US just to take a risk when Canada would simply look at their education and give them a permanent resident status? Do you think they would leave their families behind?

More importantly – How do you define success?

The Founders Visa suffers from all the mistakes mentioned above. Congratulations, you didn’t provide any solution.

IT IS STILL A VISA

Addendum: I realized later that my post might come across as starting off with the mistakes in the new proposal. That is not true. The main reason I list the problems with the current policies is that I believe they should be addressed before we start baking a second layer of our cake. Also, I believe that if the intent of the visa is to attract people who have never been to the US before, the facts that it is still a temporary permit and that it banks heavily on the beneficiary being successful are also the flaws of the proposal.

If the intent is to keep the bright people from leaving, then the mistakes listed need to be addressed. There’s just too much hard work involved in being successful, and the headache of worrying about a stable US presence just makes the proposal not worth it.