Wednesday, June 24, 2020

The goose that laid Golden Eggs - H1B ban

All of us have read Aesop's fables and the popular one : The goose that laid golden eggs. You dont want to kill that Goose, do you? Well it would be extremely short sighted to.

Silicon valley and tech stocks have been the Golden Goose for S&P500 and the American economy. America won in the last 3 decades because it won in technology. American stocks outperformed international equities because of the dominance of the top tech companies. The list of illustrious H1B alumni is huge : Sundar Pichai(CEO, Google), Satya Nadela(CEO, Microsoft), Elon Musk(Founder and CEO, Tesla) and many more. With open arms to immigrants, America has always been the top destination for top talent worldwide. The H1B bans sends a wrong message to future talent, also it starts the precedence of sending back top trained professionals from Silicon Valley to their home countries like India and China. One country's loss is another country's gain.

I enjoyed my 10 years in the valley and happy to take my learnings and capital elsewhere. I will continue to build. Thank you for the business. Good bless you, America.




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