In 2019, the number of foreign-born entrepreneurs in the US declined by 4,400, the only yearly drop since 2000, thanks to US' convoluted immigration policies
America's convoluted and highly politicized immigration system puts roadblocks in the way of foreign-born founders. Tweets: @paulg , @gnovak_ , @paulg , @balajis , @alexisohanian , @chkashifali , @stevecase , @rajatsuri , @jake_bernstein , and @paulg Tweets: Paul Graham / @paulg : A potential danger to America I didn't consider till now. The Bay Area seems to be less attractive to founders. What if this makes America as a country less attractive to immigrant founders? What if instead of going to another US city, they don't go to the US at all? Graham Novak / @gnovak_ : Immigrants are the backbone of America. We should be doing everything in our power to embrace and enable hard working people who want to build lives and businesses here https://twitter.com/... Paul Graham / @paulg : I know founders don't feel the same need to move to the US that they used to. The question is how much of this is due to the change in their opinion of the Bay Area specifically, rather than e.g. greater optimism about remote work, or decreased interest in the US overall. @balajis : Yep. Remote doesn't just mean around the corner, it means around the world. https://twitter.com/... @alexisohanian : Hey we gotta fix this, fast. Need more job-creators. https://twitter.com/... Kash / @chkashifali : 51% of the US based companies that has market cap of over 1 billion dollar were created by immigrant founders. https://twitter.com/... Steve Case / @stevecase : Why The U.S. Is Losing Immigrant Entrepreneurs To Other Nations https://www.forbes.com/... @SteveCase: “I hope Congress acts before it's too late.” @forbes @amyfeldman #StartupVisa https://twitter.com/... Rajat Suri / @rajatsuri : We are going in the wrong direction fast https://twitter.com/... Jake Bernstein / @jake_bernstein : America's convoluted and politicized immigration system puts roadblocks in the way of foreign-born founders. As two dozen other countries woo them with startup visas and other perks, the U.S. is at risk of losing its edge in the global battle for talent. https://www.forbes.com/... Paul Graham / @paulg : “It's not like they came up with the idea. It's an American idea that we failed to act on.” Well, sort of. https://www.forbes.com/...