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Immigrants such as Elon Musk have started 55% of America’s unicorn companies according to a new study from the National Foundation for American Policy (NFAP).
These startups are valued at $1 billion or more and nearly two-thirds or 64% of U.S. billion-dollar companies were founded or co-founded by immigrants or children of an immigrant.
The study noted that almost 80% of America’s unicorn companies have an immigrant founder or an immigrant in a key leadership role like CEO or vice president of engineering.
The importance of immigrants like Elon Musk to America
Stuart Anderson, the author of the study and NFAP’s executive director said that the research shows the importance of immigrants in cutting-edge companies.
“The research shows the importance of…
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