3 ms·
I don’t agree with the overall point but there is an implication in the use of the stat that the business would not have started if not for that 1 out of 5 foun
by rileymat2 6y ago
I don’t agree with the overall point but there is an implication in the use of the stat that the business would not have started if not for that 1 out of 5 founder.
Alternatively, that role would have been filled By someone else.
- three_seagrass 6y ago>Alternatively, that role would have been filled By someone else. If your hypothesis were true, then the rate of Fortune 500 companies being founded by immigrant families (40%) would be representative of the % of immigrant families in the U.S. population (24%), which it's not.
- rileymat2 6y agoNo, The ops point is if you include cofounding, the percentage should be higher than the population rate. Made up numbers follow. If the average number of Cofounders was 4, at 25% population rate the number would be around 66% immigrant founded by that stat.
- burkaman 6y agoI don't understand what you mean. How would the role be filled? They invented the role, that's the point of founding something. They didn't apply to a job posting for the position of "founder" that somebody else could have applied to.
- rileymat2 6y agoSay you have a CTO, Salesman and CEO founding and one is an immigrant, it is possible the other two would have filled that role with someone else.
- burkaman 6y agoAnything is possible, but the term "cofounder" is not usually thrown around lightly. I think you'd be hard-pressed to find any cofounder willing to say they could have started their business without one or more of their fellow cofounders.