How Immigrant Entrepreneurs Build Lasting Businesses
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Turn breakthrough ideas into real results at the virtual HBR Innovation Summit on November 12th with top CEOs and master classes on AI and growth. HBR executive subscribers attend free, with exclusive programming November 13th. Learn more at hbr.org slash innovation summit. Welcome to the HBR Ideacast from Harvard Business Review. I'm Alison Beard.
The story of the successful immigrant entrepreneur moving to a new country, seeing a need and working as hard as possible to build a business around it. isn't a new one. In the US, it's a big part of what we call the American dream. But the stats on this still might surprise you. While immigrants make up 14% of the U.S.
population, they own about a fifth of new businesses. Forty five percent of Fortune 500 companies had immigrant founders. Four in five founders or top executives at billion-dollar startups or first or second generation immigrants, and the research shows that immigrant-founded companies grow faster and survive longer than those founded by natives, contributing trillions of dollars to the economies of their adopted countries. Our guest today has talked to many of these entrepreneurs, studied their strategies, and pinpointed the common principles that have propelled them to long-term success.
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