Foreign born people who come from generational wealth can and do exploit'disadvantaged' business enterprises (DBE, MOBE, etc.) I am not tech field but AEC and the amount of businesses that exploit this is insane. It was created for blacks mostly, but used almost exclusively by Indians.
> The next time someone talks about restricting immigration, show them this: Nearly half of America’s billion-dollar startups were founded by people born outside the United States.
I don't think the people that talk about restricting immigration care about the number of billion dollar companies that immigrants create
Yeah, I don't think people of any country would appreciate being told that foreigners are better than them in some way, and that's why they should be brought in. I think most people would not assume that successful companies would be much rarer without those people - only that other people would be founding them.
This seems more like a reflection of existing tech power structures and social dynamics rather than innovation.
The bottleneck to being a unicorn isn't so much innovation as it is access to capital. The chasm between the two seems to keep growing. Soon enough, they will be totally independent.
If current trends continue, I predict that in 5 years, for every unicorn startup, there will be many bootstrapped startups valued at peanuts providing far superior products for far lower costs. But they won't be able to access either capital or user traffic.
Foreign born people who come from generational wealth can and do exploit'disadvantaged' business enterprises (DBE, MOBE, etc.) I am not tech field but AEC and the amount of businesses that exploit this is insane. It was created for blacks mostly, but used almost exclusively by Indians.
> The next time someone talks about restricting immigration, show them this: Nearly half of America’s billion-dollar startups were founded by people born outside the United States.
I don't think the people that talk about restricting immigration care about the number of billion dollar companies that immigrants create
If anything they would love to stick it to them and maybe even steal a bit of those billions for themselves.
Yeah, I don't think people of any country would appreciate being told that foreigners are better than them in some way, and that's why they should be brought in. I think most people would not assume that successful companies would be much rarer without those people - only that other people would be founding them.
beyond not caring. that little factoid would turn a lot of people into xenophobes.
I think they would likely use it as further evidence
You use Elon Musk as argument there and everyone left of center will join call for retroactive immigration restriction.
To be fair, they now have about half the time to make it before you deport them so they have to be more productive.
Wow, I love foreign-born entrepreneurs.
This seems more like a reflection of existing tech power structures and social dynamics rather than innovation.
The bottleneck to being a unicorn isn't so much innovation as it is access to capital. The chasm between the two seems to keep growing. Soon enough, they will be totally independent.
If current trends continue, I predict that in 5 years, for every unicorn startup, there will be many bootstrapped startups valued at peanuts providing far superior products for far lower costs. But they won't be able to access either capital or user traffic.
spent way too much time looking for raw data for the graphs . is it in the article?
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