The Global Social Network
There are ten Pakistani immigrants included among founders or co-founders of unicorns in America, according to a recent study by the National Foundation for American Policy (NFAP). A unicorn is a startup with a valuation of at least one billion U.S. dollars. Immigrant entrepreneurs of US unicorns are diverse, hailing from 76 different countries. India, with 96 companies, is the leading country of origin for the immigrant founders of U.S. billion-dollar companies. Immigrants from Israel founded the second-most billion-dollar companies with 60, followed by the United Kingdom (47), China (41), Canada (30), Russia (23), France (21), Germany (18), Ukraine (16), Australia (14), Pakistan (10) and Romania (10). Some companies were founded by entrepreneurs from the same country or immigrants from multiple countries.
| Four of Ten Pakistani-American Founders Listed Among Unicorns |
Why are Indian entrepreneurs leading the pack of unicorn founders/co-founders in America? The key reason is that “the great Indian brain drain” is accelerating with the country rapidly losing its best and brightest to the West, particularly the United States. Large presence of the Indian immigrant unicorn founders in America is attributed to the fact that most immigrant founders come to the U.S. as students or H1B workers, categories dominated by Indians. Over 80% of the H1B visas go to Indian applicants. India also leads in sending students to study in US universities.
| Unicorns in America. Source: NFAP |
Pakistan, too, is suffering brain drain but not on the same scale as India. Most prominent among Pakistan-origin unicorn founders/cofounders are Karachi-born Sualeh Asif, Lala Moosa-born Qasar Younis, Karachi’s NED University alumnus Rehan Jalil and Pakistani-American serial entrepreneur Zia Chishti.
26 year old Karachi born Sualeh Asif, cofounder of Cursor (Anysphere) recently joined the list of Forbes Billionaires after Cursor reached a $29.3 billion valuation in November 2025, according to Forbes magazine.
The NFAP study found that immigrants have founded or co-founded 59% (455 of 775) of America’s privately held startup companies valued at $1 billion or more. That is an increase from 55% in NFAP reports released in 2018 and 2022.
Approximately two-thirds (66%) of U.S. billion- dollar companies (unicorns) were founded or cofounded by immigrants or the children of immigrants. Nearly 80% of America’s unicorn companies (privately held, billion-dollar companies) have an immigrant founder or an immigrant in a key leadership role, such as CEO or vice president of engineering. Almost one in four U.S. billion- dollar companies, or 24%, have a founder who came to America as an international student. The research shows the importance of immigrants in cutting-edge companies and the U.S. economy at a time when U.S. immigration policies have grown more restrictive.
The collective value of the 455 immigrant-founded billion-dollar companies is $5.0 trillion, which is more than the total market value of companies listed on stock markets in all but 7 countries, including the UK and Germany, and a demonstration of the wealth-creating power of immigrants. The collective value of immigrant-founded billion-dollar companies rises to over $5.8 trillion if one includes unicorn companies that have gone public since 2016.
@cutoffs.io
🇺🇸🇮🇳 Neeraj Sharma, former CEO of a New Jersey staffing firm, is losing his
US citizenship for H-1B visa fraud.
He filed 11 fake petitions with forged documents for nonexistent bank jobs.
He profited by selling fake visas to foreigners, exploiting the H-1B system.
https://x.com/cutoffs_io/status/2065036941138051324?s=61&t=mgTx...
————
I. INTRODUCTION
1. The United States of America (“Plaintiff”) brings this civil action under 8 U.S.C.
§ 1451(a) against Neeraj Sharma (“Defendant”) to revoke his naturalized U.S. citizenship.
Defendant fraudulently and unlawfully procured U.S. citizenship, because he had committed
crimes prior to naturalizing that rendered him ineligible and because he concealed those crimes,
for which he was charged and convicted after naturalizing, throughout the naturalization process.
Specifically, after he became a U.S. citizen, Defendant pled guilty to Fraud and Misuse of Visas,
in violation of 18 U.S.C. § 1546, for conduct committed immediately prior to filing of his…..
https://www.justice.gov/opa/media/1444721/dl
An excerpt from ‘India Out of Work: Rethinking India’s Growth Story’, by Santosh Mehrotra and Jajati Parida.
Santosh Mehrotra & Jajati Parida
May 29, 2026 · 08:30 am
https://scroll.in/article/1092862/this-book-re-examines-indias-econ...
Manufacturing employment fell in India after 2015, while it had been consistently stabilised at or around 17% of GDP ever since the economic reforms began in 1991. However, self-inflicted wounds upon the economy by the government did not help. The most labour-intensive sectors, including textiles, wood products, food processing and leather/footwear, struggled until 2018 and did not recover after Covid-19 – except apparel and food processing.
Manufacturing contribution to GVA (gross value added) fell consistently from 2016 onwards, did not begin to recover until 2022 and did not reach its pre-demonetisation level by 2024. The same is observable in manufacturing as a share of total employment, although in absolute terms, by 2023, the absolute number of employees in manufacturing had finally caught up to the 2012 level and exceeded it.
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India’s Jobs Crisis Explained: 121 Million Youth, 80 Million Back to Farming & the Growth Paradox
https://youtu.be/pjXAvOTgqkI?is=9Z8DcPK3mmmAvW3z
In this episode, economist Santosh Mehrotra joins the conversation to examine one of the most important questions facing India today: if the economy is growing, why are employment concerns continuing to dominate public debate?
Drawing from his book India Out of Work, Santosh Mehrotra challenges several widely accepted assumptions about growth, jobs, formalisation and economic development. The discussion explores why India's demographic opportunity may be narrowing faster than many realise, and what that could mean for the country's future.
Among the issues discussed:
• Nearly 121 million young Indians are estimated to be neither employed, in education, nor in training.
• India's demographic dividend window is projected to narrow around 2040, creating urgency around job creation.
• The economy may need to generate 10–12 million non-farm jobs every year to absorb new entrants into the workforce.
• Between 2020 and 2024, roughly 80 million workers returned to agriculture, reversing a long-term structural trend.
• Unemployment among graduates and degree holders remains a major concern despite rising educational attainment.
The conversation also examines the future of manufacturing, the role of MSMEs, formalisation, inequality, and whether India can create enough opportunities to fully realise its economic ambitions.
Watch till the end for a data-driven discussion on growth, jobs, productivity and the future of India's workforce.
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There are ten Pakistani immigrants included among founders or co-founders of unicorns in America, according to a recent study by the National Foundation for American Policy (NFAP). A unicorn is a startup with a valuation of at least one billion U.S. dollars. Immigrant entrepreneurs of US unicorns are diverse, hailing from 76 different countries. India, with 96 companies, is the leading country of origin for the immigrant founders of U.S. billion-dollar companies. Immigrants…
ContinuePosted by Riaz Haq on June 8, 2026 at 6:00pm — 2 Comments
"Indians live like cockroaches and die like cockroaches", argued Jayant Bhandari in an X post in April this year. "They vote for bottom of the barrel cockroaches as rulers, who rightly treat them as cockroaches", he added, faulting the people of India for this state of affairs. More recently, Indian Supreme Court Chief Justice Surya Kant said during a hearing that certain unemployed youth were "like cockroaches" who enter professions with fake degrees or become social media…
ContinuePosted by Riaz Haq on June 2, 2026 at 1:30pm — 7 Comments
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