26 Dec '11, 4am

Immigrants Founded Half Of The Top U.S. Start-Up Ventures | Care2 Causes

Written by Amanda Peterson Beadle Studies continue to show the important economic impact immigrants have on the national economy as well as states, be it the millions in losses Alabama faces after passing a draconian immigration law to the number of jobs immigrants help create. Now venture capitalists are arguing for immigration reform for the sake of the economy after a study showed that immigrants founded almost half of the U.S.’s top 50 start-up companies and are vital management or development employees at roughly 75 percent of the nation’s leading cutting-edge companies. Companies with immigrant founders include the textbook rental company Chegg and the online craft site Etsy. The most common countries of origin for these entrepreneurs were India, Israel, Canada, Iran, and New Zealand, and for many, their experiences creating a start-up were “uniquely American,” accor...

Full article: http://www.care2.com/causes/immigrants-founded-half-of-th...

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