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by thetechlead 2614 days ago
Good for him. However, the wind has already turned eastward. Given the insanity in US immigration policy and xenophobia among the public, talents are going back to their original countries in flocks. Check out top 20 most valuable startups in the world - used to be 100% American and now half[ref] are foreign owned.

edit ref: https://en.wikipedia.org/wiki/List_of_unicorn_startup_compan...

3 comments

Looking at the listing you provided, the wide majority of the non-American unicorn startups are from China, with some scattered startups in other eastern countries. So I think the shift in startup-location speaks more about China's success in bringing back talent (especially compared to India) versus America's lack of a grip on talent.
The trend is more important. US has only 32% of the world's unicorns. Even if you remove all the Chinese companies, US is 58% of the total, far less than the number a few years back. India and Southeast Asia are especially doing well if you put the size of their economies into consideration. In five years, these unicorns could grow into nowadays Amazon and Facebook, and the same holds true for the shift in the job market.
Can't reply to 'highlyskilledimm's' comment below, hence adding here.

Not sure if level 4* h1b's fall under highly skilled, here are a few wondering why they get RFE for their visa extensions:

https://www.reddit.com/r/h1b/comments/bdt5o8

[*Level 4 is the highest wage category for h1b.]

The reason half of them are foreign owned is because all of them are Chinese whom are later in their tech development cycle. Almost all those companies in the US have already went public.