This is the issue with all "skill based immigration" -- you want to bring in the best from other countries. Once there are are too many of these guys, the average Joe feels like an idiot and ends up servicing these guys (Uber, food delivery etc.) Millions of Joes' will then vote for a guy like Trump
Most people don't realize this is just going to lead to a massive amount of outsourcing to India. At least before, the H1B guys were spending their money in the US.
SAFEs make it easy these days to add someone to the round (for any amount). The issue becomes time management (is it really worth hours of calls, responding to questions over email, etc) trying to close such a small check.
There's a secondary issue of wrangling each investor in subsequent rounds or an acquisition (which that can just gets kicked down the road). Some investors provide value beyond their money, mostly with their connections to other investors, connections to potential customers, and skills in certain areas, or just generally someone you can call for advice.
One thing I've learned having gone thru this process: it's common for angel investors to write small checks, though not common knowledge. I always thought you needed to write a $25-50k check to be able to invest in a startup. It's common for people in the industry to invest smaller amounts like $5k-$10k, sometimes even less than $5k. I've even now started doing it myself.
You want to get friends, family or certain operators to spend time and help the company. Lot of individuals don't have $50k-100k to invest, but they could invest $5k-20k and that way have skin in the game.
As a founder/company, doesn't really matter to me if a person invests $5k vs $50k if they are just engaged and helpful. For example someone who really understand sales and can teach you, can be more valuable than a random angel investor who don't have any particular skills other making intros to their network.
However, you don't usually want to raise the whole round from $5k investors since it can be a lot of work, no-one has a bigger stake, you add a lot of names on the cap table and its going to be hassle each time you do additional financing.
Take small checks. People writing small checks is something that's very common in Silicon Valley.
I love having a bunch of founder/operator investors to tap in to when we need help.
You can see from the image above, we raised over $700k from intros that originated with a small $5k check. If we hadn't taken that small check, we likely would not have connected with many of those other investors.
The truth is the US was never welcoming to foreign-born entrepreneurs, and matters have only gone worse in recent times. If you are from a country like India, your only real chance is somehow to get a VC funding.
I am trying to run this on the latest Ubuntu but getting the below error:
root@kit:~/uml/furry-happiness# docker run --rm -it xena/docker-uml
[WARN tini (7)] Tini is not running as PID 1 and isn't registered as a child subreaper.
Zombie processes will not be re-parented to Tini, so zombie reaping won't work.
To fix the problem, use the -s option or set the environment variable TINI_SUBREAPER to register Tini as a child subreaper, or run Tini as PID 1.
Core dump limits :
soft - NONE
hard - NONE
Checking that ptrace can change system call numbers...ptrace: Operation not permitted
check_ptrace : expected SIGSTOP, got status = 9
