The world’s youngest billionaire John Collison has raised concerns about Donald Trump’s anti-immigration policies, as it’s affecting the foreign talent coming into Silicon Valley.
John is a young entrepreneur who owns Stripe, an online system that allows individuals and businesses to make secure payments online. As Stripe is based in Silicon Valley, they are directly affected by the implications of the new immigration policies from Donald Trump.
John told the BBC, “People are less willing to move to the US, they don’t even want to enter the visa process because of the perceived political climate here and how welcoming it is to immigrants”
This is a new challenge for the 27 year old Irishman, as his business is heavily reliant on the US, with a current workforce of over 700 people. Donald Trump’s view on foreigners raises questions about what the future of the US business space will look like. Will this create an opportunity for other countries to develop their own technology super-hubs like Silicon Valley? Will the US lose its edge in the business world since so many of the businesses in America rely on foreigners?