Immigrants and Billion-Dollar Companies

Stuart Anderson
Date of Publication: 
October, 2018
Source Organization: 
National Foundation for American Policy

Immigrants have started more than half (50 of 91, or 55%) of America’s startup companies valued at $1 billion or more and are key members of management or product development teams in more than 80% of these companies. The research shows the increasing importance of immigrants in cutting-edge companies and the U.S. economy at a time when executive branch policies are aimed at restricting immigration into the United States. (These numbers represent an increase over a March 2016 NFAP study.) Since in every successful startup company each co-founder makes a key contribution to start the company and move it toward success, it is likely none of the billion dollar companies with at least one immigrant founder would have been created or exist in the United States if the foreignborn founder had not been allowed to come to America. 

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Anderson, S. (2018). Immigrants and Billion-Dollar Companies. National Foundation for American Policy. Retrieved from