Connect with us

Technology

Where are Immigrant Founders of U.S. Unicorns From?

Published

on

immigrant founders of U.S. billion dollar startups

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

Where are Immigrant Founders of U.S. Unicorns From?

The majority of U.S. unicorns—private startups worth more than $1 billion—have at least one immigrant founder, according to the National Foundation for American Policy (NFAP).

While some of the companies and founders are well known, like SpaceX from South Africa’s Elon Musk, hundreds of lesser-known unicorns have been founded from the top talent of just a handful of countries.

This visual using NFAP data lays out the countries which are home to the most U.S. billion-dollar startup founders as of May 2022.

Note: These rankings are based on unicorn valuations as of May 2022. As valuations regularly fluctuate, some companies may have gained or lost unicorn status since that time.

Countries with the Most U.S. Unicorn Founders

Here’s a look at the countries that these immigrant founders come from.

The 382 founders accounted for below have combined to start 319 of 582 U.S.-based unicorns.

RankCountry# Founders of
U.S. Unicorns
1🇮🇳 India66
2🇮🇱 Israel54
3🇬🇧 United Kingdom27
4🇨🇦 Canada22
5🇨🇳 China21
6🇫🇷 France18
7🇩🇪 Germany15
8🇷🇺 Russia11
9🇺🇦 Ukraine10
10🇮🇷 Iran8
11🇦🇺 Australia7
T12🇮🇹 Italy6
T12🇳🇬 Nigeria6
T12🇵🇱 Poland6
T12🇷🇴 Romania6
T16🇦🇷 Argentina5
T16🇧🇷 Brazil5
T16🇳🇿 New Zealand5
T16🇵🇰 Pakistan5
T16🇰🇷 South Korea5
T21🇩🇰 Denmark4
T21🇵🇹 Portugal4
T21🇪🇸 Spain4
T24🇧🇾 Belarus3
T24🇧🇬 Bulgaria3
T24🇮🇪 Ireland3
T24🇰🇪 Kenya3
T24🇱🇧 Lebanon3
T24🇵🇭 Philippines3
T24🇿🇦 South Africa3
T24🇹🇼 Taiwan3
T24🇹🇷 Turkey3
T33🇦🇲 Armenia2
T33🇨🇿 Czech Republic2
T33🇬🇷 Greece2
T33🇲🇽 Mexico2
T33🇸🇦 Saudi Arabia2
T33🇸🇬 Singapore2
T33🇨🇭 Switzerland2
T33🇺🇿 Uzbekistan2
T41🇦🇹 Austria1
T41🇧🇩 Bangladesh1
T41🇧🇧 Barbados1
T41🇨🇴 Colombia1
T41🇩🇴 Dominican Republic1
T41🇪🇬 Egypt1
T33🇬🇪 Georgia1
T41🇮🇶 Iraq1
T41🇯🇴 Jordan1
T41🇱🇻 Latvia1
T41🇱🇹 Lithuania1
T41🇲🇹 Malta1
T41🇲🇦 Morocco1
T41🇳🇱 Netherlands1
T41🇳🇴 Norway1
T41🇵🇪 Peru1
T41🇶🇦 Qatar1
T41🇸🇮 Slovenia1
T41🇻🇪 Venezuela1

Far in the lead is India with 66 startup founders and Israel with 54 startup founders. Together, they account for 31% of all unicorn founders listed. In fact, more than half of the immigrant unicorn founders came from just six countries: India, Israel, the UK, Canada, China, and France.

These immigrant founders have helped found many of the world’s biggest startups:

  • Stripe was co-founded by Irish brothers Patrick and John Collison
  • Instacart’s founder and former CEO, Apoorva Mehta, was born in India, then moved to Libya and Canada as a child.
  • Big data startup Databricks was founded by a group of seven computer scientists from the University of California, including five immigrants from Iran, Romania, and China.
  • Immigration and Entrepreneurship

    Though some of these founders came to the U.S. as successful business leaders, the report noted that many immigrated as children or international students.

    In addition, there are another 51 founders (not included in the above statistics) that were not immigrants themselves but are first-generation Americans born to immigrant parents. Data from the report also shows that 80% of unicorns have an immigrant in some key role, whether it’s as a founder, a C-level executive, or some other crucial position.

    Even historically, some of the biggest companies in the U.S. were not founded by Americans. For example, the founders of Procter & Gamble emigrated from England and Ireland in the early 1800s. And today, one of the biggest companies in the U.S. is NVIDIA, which recently broached a trillion dollar market cap and whose founder is from Taiwan.

    The Ever-Changing Unicorn Landscape

    While this dataset is from mid-2022, it should be noted that the startup ecosystem has shifted drastically in just the last year.

    Rapidly rising interest rates and a slowdown in venture capital have conspired to create a more precarious fundraising environment, leading to down rounds and stagnation for some of these billion-dollar companies.

    In Q1 2023, unicorn births declined 89%, suggesting that in upcoming years the unicorn list—and the number of immigrant founders—may be subject to change.

Click for Comments

Markets

Charted: What are Retail Investors Interested in Buying in 2023?

What key themes and strategies are retail investors looking at for the rest of 2023? Preview: AI is a popular choice.

Published

on

A cropped bar chart showing the various options retail investors picked as part of their strategy for the second half of 2023.

Charted: Retail Investors’ Top Picks for 2023

U.S. retail investors, enticed by a brief pause in the interest rate cycle, came roaring back in the early summer. But what are their investment priorities for the second half of 2023?

We visualized the data from Public’s 2023 Retail Investor Report, which surveyed 1,005 retail investors on their platform, asking “which investment strategy or themes are you interested in as part of your overall investment strategy?”

Survey respondents ticked all the options that applied to them, thus their response percentages do not sum to 100%.

Where Are Retail Investors Putting Their Money?

By far the most popular strategy for retail investors is dividend investing with 50% of the respondents selecting it as something they’re interested in.

Dividends can help supplement incomes and come with tax benefits (especially for lower income investors or if the dividend is paid out into a tax-deferred account), and can be a popular choice during more inflationary times.

Investment StrategyPercent of Respondents
Dividend Investing50%
Artificial Intelligence36%
Total Stock Market Index36%
Renewable Energy33%
Big Tech31%
Treasuries (T-Bills)31%
Electric Vehicles 27%
Large Cap26%
Small Cap24%
Emerging Markets23%
Real Estate23%
Gold & Precious Metals23%
Mid Cap19%
Inflation Protection13%
Commodities12%

Meanwhile, the hype around AI hasn’t faded, with 36% of the respondents saying they’d be interested in investing in the theme—including juggernaut chipmaker Nvidia. This is tied for second place with Total Stock Market Index investing.

Treasury Bills (30%) represent the safety anchoring of the portfolio but the ongoing climate crisis is also on investors’ minds with Renewable Energy (33%) and EVs (27%) scoring fairly high on the interest list.

Commodities and Inflation-Protection stocks on the other hand have fallen out of favor.

Come on Barbie, Let’s Go Party…

Another interesting takeaway pulled from the survey is how conversations about prevailing companies—or the buzz around them—are influencing trades. The platform found that public investors in Mattel increased 6.6 times after the success of the ‘Barbie’ movie.

Bud Light also saw a 1.5x increase in retail investors, despite receiving negative attention from their fans after the company did a beer promotion campaign with trans influencer Dylan Mulvaney.

Given the origin story of a large chunk of American retail investors revolves around GameStop and AMC, these insights aren’t new, but they do reveal a persisting trend.

Continue Reading

Subscribe

Popular