Tuesday, January 31, 2017

Why America Needs Foreign Entrepreneurs - FORTUNE

by Ido Leffler
Originally published: January 30, 2017
Publisher: Fortune.com 

What do Google, Intel, Yahoo, AT&T, and Goldman Sachs have in common? Aside from being iconic American companies that employ millions of workers globally, they are also all founded by foreign entrepreneurs.

In co-founding five companies in the U.S., I have been able to impact the lives of millions of people. Immigrant entrepreneurs have created some of the world’s most innovative and successful companies. In fact, more than half of America’s privately held companies that are valued at $1 billion or more have at least one immigrant co-founder.

A willingness to take risks and perseverance – characteristics ingrained in many immigrants by their life experiences – are important attributes for any entrepreneur to possess. Perhaps this is why immigrants in America are nearly twice as likely as natural-born citizens to start businesses.