H-1B Lottery Outcomes and Entrepreneurial Success

A firm that goes from having about half of their H-1B applications succeeding to winning all of their H-1B applications (firms on average apply for 2.5 H-1B visas in a given year):

- sees a 4.5 percentage point (10% more likely) increase in getting venture capital funding;

- sees a 1.5 percentage point (20% more likely) increase in going public (IPOing on the stock market);

- sees the number of patents increase by 4.8%.

More details at - https://www.nominalnews.com/p/h-1bs-immigrants-with-degrees-...