“Making America great again,” is one of the well-known catchphrases of Pres. Donald Trump. In his road to achieving this goal, one particular order issued by the president that many U.S. citizens have mixed feelings for is the barring of immigrants from seven Muslim-majority countries. With this being said, how much of an impact will this be in the tech industry, specifically in the Silicon Valley?
If you look at all the leading tech companies globally, you will notice that the U.S. is over-represented. The reason for this is because Silicon Valley is a place that is immigrant-friendly, it welcomes people from far outside its borders. And with Pres. Trump’s executive order of barring immigrants from seven Muslim-majority countries, it was seen as something that could potentially disrupt this haven or system where the best and the brightest from all around the world gather in Silicon Valley or in America to share ideas.
Last year, a study was conducted by a team of researchers at the National Foundation for American Policy regarding 87 privately held American start-ups that were then valued at $1 billion or more. In their findings, they concluded that more than half of these companies were founded by one or more people from outside the United States. Also, 71 percent of these companies employed immigrants to take on crucial executive roles.
Read the full article: “Silicon Valley vs Trump: Understanding The Effect Of Immigration Ban On The World’s Tech Hub”
Related NAE Report: The “New American” Fortune 500