However, which startup can afford an additional cost of 100,000 dollars for a fresh PhD graduate who is essential for their niche?
The true economic benefit of the H1B visa program for the US economy lies in the long tail of smaller firms that require a limited number of specialized personnel, which, by definition, is scarce.
O1 is unlikely to be granted to a student who has not graduated yet. What are they going to show for evidence? Manuscripts in preparation? Or class grades?
All companies of that size have succession plans. See Apple and Alibaba.
I guess they wouldn't have much to show for evidence. Which is exactly why they would be correctly classified as not being a specialist, and therefore undeserving on an O-1 visa.
These visas are not meant to allow company to hire underpaid employees that quite literally just graduated.
No it was not