Samir’s Selection 02/08/2017 (p.m.)

  • Last year, researchers at the National Foundation for American Policy, a nonpartisan think tank, studied the 87 privately held American start-ups that were then valued at $1 billion or more. They discovered something amazing: More than half of them were founded by one or more people from outside the United States. And 71 percent of them employed immigrants in crucial executive roles.Collectively, these companies, which include householdish names like Uber, Tesla and Palantir, had created thousands of jobs and added billions of dollars to the American economy. Their founders came from all over the world — India, Britain, Canada, Israel and China, among lots and lots of other points around the globe.In 2011, an immigration reform group, the Partnership for a New American Economy, found that more than 40 percent of companies in the Fortune 500 were founded by immigrants or the children of immigrants. For the newest members of the Fortune 500, many of them technology companies, the rate of immigrant founders was even higher, the organization said….Why do tech honchos believe that immigrants are better at coming up with those inventions? It’s partly a numbers thing. As the tech venture capitalist Paul Graham has pointed out, the United States has only 5 percent of the world’s population; it stands to reason that most of the world’s best new ideas will be thought up by people who weren’t born here.If you look at some of the most consequential ideas in tech, you find an unusual number that were developed by immigrants. For instance, Google’s entire advertising business — that is, the basis for the vast majority of its revenues and profits, the engine that allows it to hire thousands of people in the United States — was created by three immigrants: Salar Kamangar and Omid Kordestani, who came to the United States from Iran, and Eric Veach, from Canada.But it’s not just a numbers thing. Another reason immigrants do so well in tech is that people from outside bring new perspectives that lead to new ideas.

    tags: migration success SiliconValley research openness startup entrepreneurship invention creativity innovation

  • Sweden has been experimenting with six-hour days but now the trials are over, has it really worked?

    tags: worklifebalance work employment time economics psychology timemanagement stress experiment Sweden

Posted from Diigo. The rest of my favorite links are here.

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