A founder's visa should be opened up to a class of people. In this beta testing case, it would be open to a class of people who get selected with YC or are interested in YC. That's a very limited view from a governance perspective. The only ones who should have such power are USCIS and Consulate Officers. USCIS should work with incubators for the judging criteria. There should be another criteria for start ups who want to go without a sponsoring incubator as well.
In addition, not sure what the visa status will be during the three month funding cycles. That alone limits a lot of options. A F-1 student or a H1B employee cannot create a start up and apply to YC even though they are in US because they can't leave their status for 3 months.
In addition, not sure what the visa status will be during the three month funding cycles. That alone limits a lot of options. A F-1 student or a H1B employee cannot create a start up and apply to YC even though they are in US because they can't leave their status for 3 months.