There are things inherent to the immigrant experience that equips people with the mindset and skillsets necessary to create impactful businesses.
According to Forbes, studies show “that 55%, or 50 of 91, of the country’s $1 billion startup companies had at least one immigrant founder.”
Yesterday, the startup world learned that Secret, the anonymous social networking app for sharing gossip, would be shutting down for good and returning money to investors.
Secret had raised a total of $35 million at a $100 million valuation throughout 2014. Their last Series B funding round last July brought $25 million from several early stage venture capital firms, Y Combinator partner Garry Tan and Reddit co-founder Alexis Ohanian.