February 3, 2017

By Admin

FundersClub Finds Each Immigrant Founder Creates 159 Jobs

This week, FundersClub self-reported a feeling of introspection after last week’s political turmoil over the President’s executive order on immigration. As a response, they polled their founders to find out what type of immigrant (and impact) they and their families have had in the U.S. According to a poll of 82 founders, 39 of which were first generation immigrants, these founders hailed from 18 different countries, started companies that have created over 6,200 jobs, with an average of 159 U.S.s jobs per immigrant founder. Expanding to 21 second generation immigrants, those numbers jump to Founders from 25 different countries creating over 7,600 jobs with an average of 127 jobs per immigrant founder. As a young portfolio, the oldest of these companies profiled was about 4.5 years old, and FundersClub estimates the companies and founders polled will go on to have an even bigger positive impact on the US economy in the years to come, citing a study by the National Foundation for American Policy that found 51% of startups valued at $1 billion or more had at least one immigrant founder. Together, that’s 44 companies worth over $168 billion. Read more.