The Impact of Immigrant Entrepreneurs and Professionals on U.S. Competitiveness
First and the National Foundation for American Policy
(NFAP) were commissioned by the National Venture Capital
Association (NVCA) to develop a study on the economic impact of immigrants on the U.S.
economy. Content First established a database of nearly 900 venture backed
companies that went public beginning in 1970. The founder(s) nativity for each company was
examined to determine the number of foreign born founders among these firms.
American Made Key Findings
- Fully 25% of the venture-backed public companies that have been established in the last
15 years were started by one or more immigrant founders
- In the tech sector, that figure rises to 40%
- The list of companies includes such well-known names as Google,
Yahoo, Sun Microsystems
- The combined market cap of these companies exceeds $500 billion, which standing alone
would put it about 17th in world GDP
- More than 400,000 jobs have been created worldwide by these companies
H-1B Visa Program
San Francisco Chronicle Editorial
Should the U.S. Increase its H-1B Visa Program?
(Michaela Platzer & Stuart Anderson--December 7, 2006)