The value created to date by immigrant-founded venture-backed companies is extraordinary. Venture-backed, publicly traded immigrant-founded companies have a total market capitalization of $900 billion (as of June 2013), an increase of approximately $400 billion since 2006 when the market value of these companies was in the $500 billion range.
Immigrant entrepreneurs create jobs. Immigrant-founded venture-backed, public companies employ approximately 600,000 people worldwide, the majority in the United States. Among the largest employers are Intel, Google, Sanmina, eBay, PAREXEL, and Yahoo!. Immigrant-founded companies that went public since 2006 employ 65,450 people, with annual sales of over $17 billion.
To provide greater insight into privately-held venture-backed companies, NVCA also sent surveys on immigrant entrepreneurs and immigration policy to venture capital members, which forwarded them to companies in which they have invested. NVCA received over 600 responses.
Of those surveyed, thirty-three percent of the entrepreneurs were foreign-born, with top countries of origin being India, the United Kingdom, Canada, France, Israel and Germany. Sixty-one percent of the privately-held immigrant-founded companies held one or more patents.
The survey results indicated that company executives believe America’s immigration system needs to be reformed. Among all private company founders, both native-born and foreign-born, 79 percent believed “The pro
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