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Immigration Datapoint Of The Day

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by Felix Salmon
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Apr 23 2007 12:00am EDT

Immigration Datapoint of the Day

From Carlyle Group's Robert Grady:

Look at all the technology companies which have been backed by venture capital – the kind of companies which have driven US growth over the past 30 years or more. It turns out that 40% of them were started by foreign-born nationals, including the likes of Intel, Yahoo, Sun, and eBay. And, of course, Google.

And yet we're still placing ridiculous restrictions on obtaining the H and J visas that most of these people came into the country on. Idiotic.

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