The outcome of Tuesday’s US presidential election could have a monumental impact on how foreign-born founders and employees view the country’s venture capital ecosystem. Many in the industry feel that the raft of immigration restrictions imposed by the Trump administration has hampered opportunity among immigrant entrepreneurs. But if Joe Biden captures the White House, those concerns may ease. “Over the past four years, it has been harder for immigrants in this country to be optimistic about building the next world-changing company,” said Lex Zhao, partner at One Way Ventures, which provides seed and early-stage funding to tech companies founded by immigrants.
Future of immigrant entrepreneurship hinges on the next U.S. president
Priyamvada Mathur, PitchBook, November 2, 2020