Immigrants are a major driver of the American entrepreneurial economy. More than 40% of Fortune 500 companies were founded by immigrants or their children, over 50% of American billion-dollar “unicorn” startups have at least one immigrant founder, and immigrants are nearly twice as likely as the native-born to start a new company.
And thanks to newly released data from the Annual Survey of Entrepreneurs (ASE), we now know that, perhaps unsurprisingly, the San Jose metropolitan area – often considered the heart of Silicon Valley – is the metro with highest share of immigrant entrepreneurs in the U.S.
