Key insights
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1
Impact on Startups: The fee hike could severely limit smaller startups' ability to hire skilled international talent.
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2
Cost to Tech Industry: The new fee may cost the tech industry $5.5 billion annually.
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3
Alternative Visa Options: Startups are exploring other visa options and remote hiring to adapt.
Takeaways
The increase in H-1B visa fees poses significant challenges for startups and may hinder innovation in the tech sector.