Somewhat. The conditions are sort of awkward since you have to basically start a company, build contacts wherever you are for an investment and then at the same time build contacts in the US and move you company there.

I think a better situation would be something like a "mini E-2" where you with a lesser investment (say $20k) can start you US company directly, go there for a year and then after that show you meet similar requirements to an E-2, but with US investors. (there could be conditions that you can't hire people or whatever). I guess this is essentially what many people do instead of E-2, but with business visas and other visa schemes.