![]() “Immigrants have started more than half (50 of 91, or 55%) of America’s startup companies valued at $1 billion or more and are key members of management or product development teams in more than 80% of these companies,” concluded a 2018 National Foundation for American Policy study. Airbnb may have an initial public offering in the near future. He left Pinterest to become CTO of Airbnb Homes. “Josifovski, who was at Pinterest for four years, most recently as CTO, oversaw the company’s overall technical vision and strategy, including the building of its machine learning and search platforms, as well as managing some of the company’s core engineering teams,” reported VentureBeat. from Linköping University in Sweden, played a key role in the company as chief technology officer. ![]() I continued to apply again and again over the course of two years and finally received my visa on the ninth try.” Today, the company employs over 1,300 people and after its IPO its market capitalization is over $23 billion.Īlthough Pinterest did not have an immigrant founder, until March 2019, immigrant Vanja Josifovski, who earned a Ph.D. “It was red hot here, but hadn’t yet taken off in China. in the mid ’90’s because of the Internet, which I knew was the wave of the future,” he said in an interview on Medium. Eric Yuan, the CEO and founder of Zoom Video, which supplies videoconferencing to companies, was born in China and came up with the idea for the company as a better option than taking frequent 10-hour train rides to see his girlfriend (and future wife). Zoom Video Communications was almost not founded in America because of U.S. It also provides earning opportunities for approximately 3 million active drivers and has plans to expand into new areas, such as shipping and other types of transportation. Uber has over 22,000 employees, about half of whom are employed in the United States. While some viewed Uber’s IPO as a disappointment, since the stock price did not rise from its initial share price, the company’s market capitalization is approximately $76 billion, and it is one of the most valuable and recognizable companies in the world only 10 years after its founding. Manik Gupta, the chief product officer, is an immigrant from India and Thuan Pham, the CTO, came to America as a refugee child from Vietnam. Camp remains on the company’s board of directors but today Uber’s CEO is Dara Khosrowshahi, who immigrated with his family from Iran. “I basically created it because I couldn't get a cab,” Camp once said. Garrett Camp, an immigrant from Canada, co-founded Uber with Travis Kalanick. ![]() I’m very happy my parents made the decision for our family to immigrate to America.” “I’m a citizen and proud to contribute to the economic and national security of the country. “This country has been incredibly good to me,” he told me in an interview. His family settled in Chattanooga, Tennessee and he earned a graduate degree in information security from Georgia Tech. Dmitri Alperovitch, CrowdStrike’s chief technology officer, immigrated to the United States in the 1990s from the Soviet Union while in his mid-teens. George Kurtz, Dmitri Alperovitch and Gregg Marston founded the company in 2011. CrowdStrike gained considerable media attention after it investigated and concluded “two separate Russian intelligence-affiliated adversaries” were responsible for hacking the Democratic National Committee.ĬrowdStrike is an example of the American Dream in action. The company employs 1,200 people and provides cloud-based cybersecurity to businesses increasingly concerned about cybersecurity threats. Shares of the cybersecurity company CrowdStrike Holdings rose 71% from the initial share price on the first day of trading and the company's outstanding shares have a market value of approximately $12.5 billion. It has a market capitalization of more than $18 billion. Slack, which allows employees in a company to communicate via instant-messaging software, closed almost 50% higher on its first day on the New York Stock Exchange after a direct listing, which is a variation on a regular IPO. Butterfield serves as CEO and Henderson is the CTO (chief technology officer). Slack Technologies, with over 1,000 employees, had three immigrant co-founders, Stewart Butterfield (Canada), Serguei Mourachov (Russia) and Cal Henderson (U.K.). ![]() Immigrant founders usually first gained permanent residence after entering as a refugee, or being sponsored by an employer or family member. immigration law does not make it easy for an immigrant to gain permanent residence (a green card) after starting a company. While the founders of Pinterest are native-born, the other four companies had at least one immigrant founder. As of July 1, 2019, the five biggest tech IPOs this year have been Slack, CrowdStrike, Uber, Pinterest and Zoom, according to Computerworld UK.
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