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Native-Immigrant Entrepreneurial Synergies

The abstract of a study on NBER: We examine the performance of startups co-founded by immigrant and native teams. Leveraging unique data linking startups to founders' and employees' employment and education histories, we find native-migrant teams outperform native-only and migrant-only teams. Nati...

The abstract of a study on NBER: We examine the performance of startups co-founded by immigrant and native teams. An instrumental variables strategy based on native shares in university-degree programs confirms native-migrant teams are larger and more likely to receive funding. Superior access to diverse labor pools, successful VCs, and expanded product markets are key factors in driving native-migrant outperformance.

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