India, with 66 companies, tops the chart as the country of origin for the immigrant founders of US unicorns, a National Foundation for American Policy (NFAP) data revealed.
Around 319 of the 582 American startup companies valued at $1 billion or more have at least one founder who is an immigrant.
The survey found that around 133 companies have at least one immigrant in a pivotal leadership position, such as CEO, CTO or VP of engineering.
In total, 78%, or 451 of 582 billion-dollar startups have an immigrant founder or an immigrant in a prime leadership position, a Times of India report said quoting the survey.
Moreover, these startup companies have created approximately 859 jobs per company.
As per the NFAP research, it is found that out of 10 immigrants who have founded two or more unicorns, four of them are from India- Mohit Aron (founded Nutanix & Cohesity), Ashutosh Garg (Bloomreach & Eightfold.ai), Ajeet Singh (Nutanix & ThoughtSpot), and Jyoti Bansal (AppDynamics & Harness).
The others are Al Goldstein from Uzbekistan, Noubar Afeyan from Lebanon, Ignacio Martinez from Spain, Elon Musk from South Africa, Sebastian Thrun from Germany, and lon Stoica from Romania.
Collectively, the value of the 319 immigrant-founded companies is $1.2 trillion. This is more than the value of the companies listed on the major stock markets of many countries.
Moreover, immigrants from Israel founded the second most billion-dollar companies at 54, followed by the UK (27), Canada (22), China (21), France (18), Germany (15), Russia (11), Ukraine (10), and Iran (8).
Read more at: https://economictimes.indiatimes.com/nri/invest/indians-top-the-list-of-immigrant-founders-of-unicorns-in-us/articleshow/93153406.cms