One of the most highly-motivated, capable groups of individuals in America is often taken for granted – Young Immigrant Entrepreneurs. They leave their home countries to bring their dreams to life in the land of opportunity. These entrepreneurs are brilliant innovators, researchers, and scientists; with many holding doctoral degrees, registering patents, and some even winning the Nobel Prize. Young immigrant entrepreneurs are tackling challenging problems, building successful companies, creating jobs, and adding to the economy.
While there are political factions with anti-immigration agendas, the facts will not change — immigrants are twice as likely to start businesses than U.S. born citizens. According to Inc. Magazine, between 1995 and 2005 immigrants founded 52% of all new Silicon Valley companies with 25% of them raising VC funds. In 2012, tech companies founded by immigrant entrepreneurs employed over 560,000 people and generated over $63 billion in sales.
Well-known young immigrant entrepreneurs including Sergey Brin, Elon Musk, Peter Thiel, and Vinod Khosla, have built some of the world’s most successful companies. If not for immigrants, Google, PayPal, Tesla, Evernote, Reddit, and many other companies would not exist. With new ideas and diverse perspectives, young immigrant entrepreneurs are leading promising startups that could be the next unicorns.
What drives these young entrepreneurs to immigrate? How do they overcome the many challenges that they face? Are they concerned about immigration reform affecting their companies?