A new report published by the National Foundation for American Policy (NFAP), a nonpartisan research organization, reveals that US immigrants have founded more than half (55%) of America’s startup companies valued at $1 billion or more. In fact, close to two-thirds (64%) of US billion-dollar businesses have been founded by immigrants or children of immigrants.
Furthermore, according to the NFAP research, nearly 80% of America’s privately-held unicorn companies have an immigrant founder or an immigrant in a key leadership role.