How America welcomes — or doesn't — outsiders who want to work for American companies is "an even bigger deal than we think," Stripe CEO Patrick Collison says.
Speaking on a recent episode of "Recode Decode," hosted by Kara Swisher, he declaimed against the "needless barriers in the way" of the U.S. remaining a destination for immigrants. Collison and his brother/co-founder John were born in Ireland, but founded Stripe, an online payments platform now valued at more than $9 billion, while they were students at MIT and Harvard, respectively.
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"The insane, crazy benefit — the tailwind that the U.S. has, for decades and decades, gained from — is the fact that we are the preeminent destination for high-potential people all around the world," Collison said. "The universities are the best in the world, so people want to study here and come here for that, and then the companies are among the most innovative companies in the world, and they want to hire the best people in the world."
"Broadly speaking, the U.S. has not quite done its best to undermine that, but all but," he added. "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."
On the podcast, Collison also criticized land and housing policies in the San Francisco Bay Area that have made it harder for people to live and work in the heart of America's tech scene.