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VC firm is raising a $25 million fund to help foreign entrepreneurs

AP

Unshackled Ventures, a three-year-old organization that funds and helps foreign entrepreneurs who want to base their startups in the U.S., is raising a targeted $25 million for a second fund, according to an SEC filing.

Backdrop: Creative alternatives for foreign entrepreneurs, like Unshackled Ventures, are especially important right now after President Trump chose to delay the Obama-era International Entrepreneur Rule from taking effect last month. The policy would have made it easier for foreign entrepreneurs who aren't eligible for other types of visas and who meet certain requirements to stay in the U.S. for 2.5 years to get their startups going.