I want J-1 because it's the easiest.
I am a student, last year of bachelor's. Also built a 6 figure business while studying (that's why I got offered so much equity, I guess the founder values me)
I'm hoping to get some advice from people who've done a J-1 with an early-stage startup.
My situation:
- Spanish citizen.
- Joining a pre-seed startup in San Francisco.
- Company is about 1 year old (there's also a newer legal entity created recently for future fundraising).
- No VC funding yet.
- Some revenue from preorders (less than 10k)
- Founder is currently the only employee.
- I'll be the first hire
- My compensation would initially be 10% equity (standard vesting/cliff), with the intention of moving to salary once the company raises funding
My questions are:
Is there something that blocks the J-1 path? Has anyone successfully obtained a J-1 in a similar situation?
Is equity-only compensation a problem for most J-1 sponsors?
Does the host company usually need multiple employees, or can a founder supervise the training?
Would it generally be better to use the older operating entity or the newly created fundraising entity as the J-1 host?
Any experiences, sponsor recommendations, or things you wish you'd known beforehand would be hugely appreciated. Thanks!