Much of Silicon Valley has been up in arms over Trump's recent travel ban. Max Levchin, an entrepreneur and investor best known for helping found PayPal, had some pointed comments on the topic during an event hosted by FWD.us and his company, Affirm:
Personal experience: Levchin himself came to the U.S. in 1991 on a refugee visa from the Ukraine with his family, though he notes he was lucky in that his family had a clear path to citizenship, unlike many other refugees.
Why it matters: Studies suggest that more than 40 percent of Fortune 500 companies were founded by immigrants or the children of immigrants. Silicon Valley employees a large number of immigrants, including in executive positions, which helps fuel the vocal concern about U.S. immigration policy.