How Stilt Founders Took a Leap of Faith with Y Combinator
How Stilt Founders Took a Leap of Faith with Y Combinator
The video features a conversation with Rohit Mittal, the founder of Stilt describes how they navigated the visa system in the US while applying to Y Combinator (YC), initially on an H1B visa, which is employer-sponsored and tied to having a job with a specific company, the founder, not being a US citizen, faced the challenge of wanting to start a company, which the visa did not directly allow. They highlight a key workaround that permitted them to own stock in companies and invest without violating visa conditions, which enabled them to form a company without drawing a salary from it. The discussion then moves to the risk involved in transitioning from the security of an H1B visa to pursuing a startup dream with YC, necessitating a change to an O1 visa, often termed as for individuals with extraordinary abilities. The founder shares the stressful but ultimately successful process of securing an O1 visa, allowing them to work full-time on their startup and navigate the complexities of the US immigration system as an entrepreneur.
00:00 The Journey to Y Combinator: Navigating Visa Challenges
00:43 Creative Solutions for Startup Founders on H1B
01:47 The Y Combinator Application and Acceptance
02:47 Transitioning from H1B to O1 Visa: A Risky Move
03:05 Securing the O1 Visa: A Leap of Faith
04:20 Reflecting on the Entrepreneurial Journey
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