The changes outlined by Edlow would effectively kill the OPT program, said Stuart Anderson, who now runs the National Foundation for American Policy, which supports high-skilled immigration. That would make it impossible for many foreigners to start U.S. businesses after they graduate and significantly dim the allure of American universities for international students, he said.
In a 2022 study, Anderson found that immigrants founded or co-founded 319 of 582 U.S. startup companies that had achieved valuations of $1 billion or more, including Stripe, Instacart and Epic Games. Nearly half of those had been founded by immigrants who attended U.S. universities as international students, the study said. Instagram was co-founded by a Brazilian, Mike Krieger, who studied at Stanford University.
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