With an immigration showdown looming between House Republicans and President Barack Obama, start-ups and entrepreneurs aren't exactly elated by recent executive actions.
The immigration plan will help undocumented parents of U.S. citizens and legal permanent residents, and young immigrants who were brought to the country illegally as children. But the actions don't address start-ups' key frustration with immigration: Limited work visas for highly skilled people.
While the immigration actions include more support for highly skilled foreign students and entrepreneurs, Obama did not expand the number of available start-up or H1-B visas—a blow to the tech sector in particular.
"The U.S. economy has changed dramatically from 2008 to the present, and there has been no immigration reform to accommodate new start-ups and businesses," says Zach Haller, founder and chief executive of Seattle-based Found in Town. The company is a web-based lost-and-found service, and has a tough time attracting qualified information technology candidates. The field includes software engineers, programmers and data scientists.