Glean's Arvind Jain Says US Still Builds $1 Billion Startups Despite 400,000 Voluntary Exits
Updated
Updated · Hindustan Times · Jun 23
Glean's Arvind Jain Says US Still Builds $1 Billion Startups Despite 400,000 Voluntary Exits
2 articles · Updated · Hindustan Times · Jun 23
Summary
$7.2 billion Glean founder Arvind Jain said the US remains the best place for entrepreneurs to build companies and raise capital, even as more people are leaving the country than entering it.
Jain told Fortune that America still uniquely backs inexperienced founders with strong ideas, arguing its culture of entrepreneurship and investor appetite remain intact despite political and economic strains.
Brookings data cited in the report showed about 400,000 people voluntarily left the US last year, amid a volatile political climate, immigration crackdowns and a high cost of living.
Jain, who moved from Jaipur to the US in 1986 and later spent more than 10 years at Google, has founded two unicorns, including Glean and cloud data company Rubrik.
That view was echoed by BioCompute founder Anagha Rajesh, who said she is shifting to San Francisco and closing her Bengaluru operation because US backers better understood her deep-tech vision.