Study: Immigrant Founders Account for 44% of U.S. Unicorn Startups
By
Ilya Strebulaev
Summary
Research from Stanford's Venture Capital Initiative reveals that 44% of founders behind America's billion-dollar startups (unicorns) are immigrants. The analysis of 1,078 founders across 500 U.S. unicorns shows foreign-born entrepreneurs are leading rather than just contributing to the U.S. innovation ecosystem, with India being the top country of origin among immigrant founders.
Source
Hacker NewsStudy: Immigrant Founders Account for 44% of U.S. Unicorn Startupsnews.crunchbase.comKey quotes
· 3 pulledNearly half of America's billion-dollar startups were founded by people born outside the United States.
Immigrant entrepreneurs aren't just contributing to the U.S. innovation ecosystem — they're helping to lead it.
The analysis of 1,078 founders behind 500 U.S. unicorns found that 474 founders — 44% — were born outside the United States.
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