Archive for March, 2021

Dear Sophie: What should I know about prenups and getting a green card through marriage?

Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: When can I finally come to Silicon Valley? Dear Sophie: What type of visa should we get to fundraise in Silicon Valley? Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.” Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one- or two-year subscription for 50% off. Dear Sophie: I’m a founder of a startup on an E-2 investor visa and just got engaged! My soon-to-be spouse will sponsor me for a green card. Are there any minimum salary requirements for her to sponsor me? Is there anything I should keep in mind before starting the green card process? — Betrothed in Belmont Dear Betrothed, Congratulations on your engagement and thanks for reaching out! There are several things to keep in mind before you tie the knot. These important considerations are particularly relevant since you’re a startup founder, currently on an E-2 visa, and if you’ll continue to live in California. My law partner, Anita Koumriqian, who is an expert in family immigration law, recently interviewed Lydia Hsu and Kara Foster, the co-founders of Foster Hsu, LLP, a California family law firm, on our podcast. They cover the ins and outs of family law and prenups, and what to know before you tie the knot and pursue the green card process. California is a community property state, which means if your marriage doesn’t work out, all of the assets acquired by you and your spouse during the marriage will be divided up equally unless you have a prenuptial agreement (prenup) in place before you get married. Since you are an E-2 investor and I imagine you have significant assets, it’s beneficial to consider entering into a prenup before you become legally married. This is especially important for you in pursuing a marriage-based green card because U.S. Citizenship and Immigration Services (USCIS) often looks to see whether couples are commingling funds in a joint bank account when assessing if your marriage is good-faith to approve your green card. Image Credits: Joanna Buniak / Sophie Alcorn (opens in a new window) “A prenup may not be right for you,” says Kara, “but at least you should be educated going into a marriage and know what you’re going to be responsible for, what your obligations are […]

Fifth Wall’s Brendan Wallace and Hippo’s Assaf Wand are joining us on Extra Crunch Live

As the world changes rapidly, so too do the most traditional of industries. That includes property tech and insurtech. Luckily for us, two of the top minds in those spaces are joining us on an upcoming episode of Extra Crunch Live. On April 21 at noon PT/3pm ET, Fifth Wall’s Brendan Wallace and Hippo’s Assaf Wand will hang out with us to discuss fundraising across these evolving verticals and explain specifically how fundraising went down for Hippo. The duo will also take a look at pitch decks sent in by the audience and give their live feedback. (If you’d like your deck to be featured on a future episode of Extra Crunch Live, hit up this link.) But first, a little more information on our guests. Brendan Wallace is cofounder and managing partner at Fifth Wall, one of the top VC firms dealing in property tech, future of work, new retail and more. Fifth Wall portfolio companies include OpenDoor, Classpass, AllBirds, Clutter, Eden, Lime, and Lyric, among others. Before Fifth Wall, Wallace was an entrepreneur himself, cofounding Identified (acquired by Workday) and Cabify, a huge ridesharing service in Latin America. He was also an angel investor, with investments in Bonobos, Dollar Shave Club, Lyft, and SpaceX, to name a few. The TL;dr version on Wallace is that he’s been around the block in the tech world plenty of times, and has experience across a variety of sectors. There’s lots to learn here. Assaf Wand is cofounder and CEO of Hippo, a home insurance provider for the digital age. Wand is also a serial entrepreneur, founding a company that designed and developed consumer products called Sabi. It was acquired in 2015. Interestingly, Wand has also worn the hat of an investor, serving as strategic investor for Intel Capital and also spending time at McKinsey as a consultant. Hippo has raised more than $700 million from investors that include Bond, Felicis, Comcast and Horizons. Wallace invested in Hippo’s Series B round, and we’re anxious to hear why Wand and Wallace chose each other, how they work together today, and what advice they have for founders looking to raise capital and scale their businesses. The episode goes down at noon PT/3pm ET on April 21 and is free to all who want to check it out live. On-demand access to the content is reserved for Extra Crunch members only. Register to come hang out with us here.