Immigrants Founded Most U.S. Billion-Dollar Startups, New Research Shows
By
Stuart Anderson
Master baker tier. Every paragraph earns its place on the tray.
Summary
New research reveals that immigrants have founded or co-founded most of America's privately held billion-dollar startup companies. Despite their significant economic contributions, immigrant entrepreneurs receive little media attention. The U.S. lacks a dedicated startup visa, with Senator Charles Grassley blocking its inclusion in the 2022 Chips and Science Act. Immigrant founders typically enter the U.S. as refugees or through employer/family sponsorship, and their impact on creating cutting-edge companies and driving economic growth has become substantial.
Key quotes
· 5 pulledNew research concludes that immigrants have founded or cofounded most of America's privately held startup companies valued at $1 billion or more.
The role of immigrant entrepreneurs receives little attention in daily press coverage.
There is no startup visa in U.S. law—Senator Charles Grassley (R-IA) blocked its inclusion in the Chips and Science Act in 2022.
Immigrant entrepreneurs come to America as refugees or are sponsored by an employer or family member.
The significant impact of immigrant entrepreneurs on the U.S. economy and on the creation of cutting-edge companies has become too big to ignore.
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