HMM: Pro-H-1B Study Shows What’s Wrong with H-1B. [archive]

• Anderson finds that immigrants are founders (OR cofounders, a point I’ll come back to) of 51% of the billion-dollar startups. Yet immigrants form more than 51% of Silicon Valley techies, so once again we see that the immigrants are UNDERperforming.
• Among those immigrant founders, 14 (out of 44) are from India, 32%. Yet Indians form 70% of the H-1Bs. So the Indians are underperforming too. Most of the founders are from countries from which we have rather few H-1Bs, such as Western Europe, Canada and Israel.
• Only 1/4 of the immigrant founders came to the U.S. as foreign students, counter to the industry’s claim that foreign students are the best of the H-1Bs.
• Of those with U.S. degrees, most are from the really top schools, such as MIT and Stanford — quite a contrast to the Staple a Green Card proposals, which would give an automatic green card to any foreign STEM graduate student, no matter how weak the school is.

As usual in these “studies,” anyone born abroad is considered an immigrant.