Study: Immigrants and their kids founded 45% of U.S. Fortune 500 companies
Definitely some selection bias. Many wealthy people in the US are immigrants. Also, many wealthy people probably choose to immigrate to the US to start their business because of lower barriers to entry.<p>EDIT: Also, if this [1] is correct, 13.7% of people in the US are immigrants. So how many people are immigrants OR first-gen? And since ANY of the founders can be immigrants/first-gen, more founders means higher likelihood that it fits this criteria.<p>[1]<a href="https://www.migrationpolicy.org/article/frequently-requested-statistics-immigrants-and-immigration-united-states" rel="nofollow">https://www.migrationpolicy.org/article/frequently-requested...</a>