Guts + ingenuity + hard work = success.
That's been the formula for prosperity in America since Benjamin Franklin climbed from his working-class Boston roots to retire on his riches at the ripe old age of 42.
Is it still? Yes. But these days, the formula is often applied by recent arrivals to our shores.
A recent study by Duke University, University of California, Berkeley, and Harvard University found that almost 52 percent of Silicon Valley startups launched from 1995 to 2005 were founded by immigrants. A quarter of the patents filed during the same period came from immigrants. Research by the National Venture Capital Association shows that 40 percent of the publicly traded, venture-backed companies in high-tech manufacturing today were started by foreign-born entrepreneurs. These are pretty impressive figures when you consider that immigrants still make up just a small fraction of the population.
To read the full, original article click on this link: Company Structures & Ownership from AllBusiness.com target="_blank" href="http://www.allbusiness.com/getting-started/starting-a-business/15807838-1.html">Do Immigrants Make Better Entrepreneurs? | Company Activities & Management > Company Structures & Ownership from AllBusiness.com
Author: Tom Stein and Tim Devaney
