Hiring foreigners is more expensive and more difficult than hiring locals, because of the visa fees and long lead times for visa processing. And companies face a backlash by anti-immigrant groups for hiring foreigners. So they do it only because they have to.

Vivek Wadhwa

A key to achieving success is to assemble a strong and stable management team.

Vivek Wadhwa

Corporate executives and business owners need to realize that there can be no compromise when it comes to ethics, and there are no easy shortcuts to success. Ethics need to be carefully sown into the fabric of their companies.

Vivek Wadhwa

I realized that, after tasting entrepreneurship, I had become unfit for the corporate world. There was no turning back. The only regret I had was having wasted my life in the corporate world for so long.

Vivek Wadhwa

Entrepreneurship is like a computer game in which you have to master every level before achieving success. Startups repeatedly stumble and have to go back to the drawing board. The best way to skip some levels and to increase the odds of survival is to learn from others who have already played the game.

Vivek Wadhwa

The truth is that entrepreneurship is more like a roller coaster ride than a cruise.

Vivek Wadhwa

I advise all of the entrepreneurs that I know to attend at least one entrepreneurship event every week. The worst thing an entrepreneur can do is to confine his or herself to a cubby hole.

Vivek Wadhwa

Building a company isn't that different from climbing a big mountain. You need people helping you traverse treacherous paths and to lift you up when you fall.

Vivek Wadhwa

If anyone tells you that you're too old to be an entrepreneur or that you have the wrong background, don't listen to them. Go with your gut instincts and pursue your passions.

Vivek Wadhwa

I have no doubt that my M.B.A. from New York University's Stern School of Business was one of the best investments I ever made. It helped me climb the corporate ladder and become an entrepreneur.

Vivek Wadhwa

The natives of Silicon Valley learned long ago that when you share your knowledge with someone else, one plus one usually equals three. You both learn each other's ideas, and you come up with new ones.

Vivek Wadhwa

The IPO is no exit for the entrepreneur; it's the start of purgatory.

Vivek Wadhwa

The stereotypical successful entrepreneur is Mark Zuckerberg - the young college dropout who dreamed up a crazy idea while in his dorm room.

Vivek Wadhwa

What the tech industry often forgets is that with age comes wisdom. Older workers are usually better at following direction, mentoring, and leading.

Vivek Wadhwa

An open-minded and diverse population that readily shares information, encourages experimentation, accepts failure and dispenses with formality and hierarchy is what makes Silicon Valley the successful hub that it is.

Vivek Wadhwa

The lesson is, because there will be many lemons in life, to learn to make the proverbial lemonade - and be open and honest. That's the best way of doing damage control and positioning yourself for success.

Vivek Wadhwa

The fact is that you are never too old to innovate.

Vivek Wadhwa

You may not believe in anything called a work-life balance, but your body certainly does. You need to monitor and nurture your body.

Vivek Wadhwa

What you want in a mentor is someone who truly cares for you and who will look after your interests and not just their own. When you do come across the right person to mentor you, start by showing them that the time they spend with you is worthwhile.

Vivek Wadhwa

Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.

Vivek Wadhwa

The harsh reality is that if you are middle-aged, write computer code for a living, and earn a six-figure salary, you're headed for the unemployment lines. Your market value declines as you age, and it becomes harder and harder to get a job.

Vivek Wadhwa