The Trump administration's efforts to throw up barriers to immigrants wanting to work in the U.S. is bad news for the tech industry, especially startups, Stripe CEO Patrick Collison said on Recode's latest podcast.
Collison and his brother John were born in Ireland and came to the U.S. to study at MIT and Harvard, respectively. That's where they co-founded their online payments company that's now valued at $9 billion. The top-notch universities and innovative companies here attract promising talent from around the world, but limiting immigration will undermine that, he said:
"To the extent that universities can help students come here, or that companies can enable the best and brightest to move here, it is 'despite' rather than 'because' of U.S. immigration policy."