You might assume that pitching to a VC is the only way to raise a huge amount of fast action capital for your innovative new startup. Yet there is an alternative strategy. And it involves pitching to foreigners.
A new company based in Alabama caught my attention yesterday as I read about their efforts to raise $1 billion of startup capital. It wasn't this lofty target that caught my attention, but rather, it was their strategy to make it happen.
The strategy involves taking advantage of the EB-5 Visa immigration program.