Pg, Our 4-month-old startup is incorporated in California.
I've heard that most Y Combinator startups are incorporated in Delaware. Is it necessary to reincorporate in
Delaware if selected for the W2014 program? Thanks!
Various VCs have indicated in multiple blogs that the state of incorporation is not significant.
Having an out of state incorporation is a pain in the neck, and expensive, especially for people without much money. Don't bother. If the time arrives where Delaware incorporation becomes important, it is easy enough to merge into a new Delaware corporation at that time.
The main VC advice, and YCombinator advice is that the LLC -- Limited Liability Companies -- are not a suitable vehicle for VC investment.
Having an out of state incorporation is a pain in the neck, and expensive, especially for people without much money. Don't bother. If the time arrives where Delaware incorporation becomes important, it is easy enough to merge into a new Delaware corporation at that time.
The main VC advice, and YCombinator advice is that the LLC -- Limited Liability Companies -- are not a suitable vehicle for VC investment.