U.S lawmakers can argue about the effect of immigration on their country’s economic change, but one cannot overlook the contribution of these foreign-born leadership in entrepreneurship and innovation.
A new study from the National Foundation for American Policy reveals that US immigrants started more than half of the current US-based startups valued at $1 billion and more. These 44 companies, the study says, are collectively valued at $168 billion and create an average of roughly 760 jobs per company in the U.S. The study also estimates that immigrants make up over 70% of key management or product development positions at these companies, WSJ reports.
Let’s have a look at the top 10 most renowned companies founded by immigrants.
A Fortune list of top 10 most valuable start-ups in the world. Uber tops the list with $62 billion investment.
Trust Uber to cash in on a season and location specific trends. As the wedding season kicks in in India, Uber is now offering ‘wedding packages’ to deal with the wedding transport needs. “Think of us whenever you need to hop between markets to find the perfect outfit or celebrate your last night of singlehood or get your guests back home after the wedding parties. You can take a backseat and let Uber be your…
Driving for an Uber is a serious business these days and there’s a thriving community of Uber (and Lyft) drivers that’s only growing given the scope for flexible work and high returns. That said, being in a field where spending a considerable amount of time with dozens of strangers is a part of your job, day in day out, interesting things are bound to happen. So we did a bit of trawling on the internet,…
Days after the Didi-Uber deal, Uber has cut back on its subsidies and discounts in China.
Modern businesses are notoriously complex entities. They transcend geographies and political boundaries, and can often have a confusing set of investors and partners. So when things happen in one business, they can impact other unrelated businesses – often with surprising results.
The Karnataka transport department the department has issued a circular stating that the aggregators who are operating un-licensed cabs in the city will have to stop operations with immediate effect.
In addition to the roads in the cities around India, Uber and Ola will now battle it out in the courtroom. Uber has sued Ola for $7.5 million for trying to sabotage its platform by repeatedly making fake bookings and then immediately cancelling them.
The Delhi government had yesterday announced that it had banned surge pricing in the city, and it seems to be quite serious about implementing its ruling. 18 cabs belonging to Uber and Ola were impounded in the city today for overcharging customers.
While Bangalore’s taxi aggregators are continuing to charge surge pricing rates despite a government order, it turns out that there’s now a way to get a refund – complaining to customer care.