Immigrants and billion-dollar start-ups …

According to a recent study published by the National Foundation for American Policy, here are some interesting facts about the relationship between immigration and some of the U.S.’ most successful startups:

  • 51% (44 of 87) of American startups currently valued at $1B or more were started by immigrants
  • these companies result in an average of 760 jobs each
  • nearly half of these companies have a founder (or co-founder) who came to the U.S. on a student visa.
  • California is the home base for most of these companies (followed by New York, Massachusetts and Illinois)
  • India is the source of the largest number of founders of billion-dollar startups

    Chobani yogurt founder Hamdi Ulukaya

This isn’t really entrepreneurship, per se …

… but it does raise some interesting questions about the way technology is designed, how we use it, and how much say we (as users) have in the entire process. Here is a quote from the article:

“Right now, Apple, Google and Facebook are kind of like these private companies who, collectively, are the urban planners for a billion people’s attentional landscape,” Harris said. “We all live in this invisible city, which they created. Unlike a democracy, where you can have some civic representation and you could say, ‘Who’s the mayor?’ or, ‘Should there be a stoplight there?’, we don’t have any representation except if we don’t use the product or don’t buy it,” he added. “And that’s not really representation.”

Here’s the full article: