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As I explained in my last piece, skilled immigrants are leaving the U.S. in droves. This is because of economic opportunities in countries like India and China, a desire to be closer to family and friends, and a deeply flawed U.S immigration system. It doesn't matter whether we call this "brain drain" or "brain circulation"- it is a loss for America. Innovation that would otherwise be happening here is going abroad. With all the stories we read about weak infrastructure in India, authoritarianism in China, and corruption and red tape in both countries, the perception is that these entrepreneurs are facing major handicaps back home. They have no chance of competing with us, so we have nothing to worry about, right?

My idea is to create a system called The Startup Guild that is somewhat like a distributed and virtual version of YCombinator. The Startup Guild would use game mechanics to help track and match up participants into self supporting mastermind groups. As an analogy, if YCombinator were client-server, the Startup Guild would be a torrent tracker. The main premise of the guild would be to help entrepreneurs build their first profitable business via the unfunded route of bootstrapping, however there would be nothing about the guild to exclude participants from seeking funding or placement at an incubator.