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While some Atlas users are internationally mobile, the dominant use case for Delaware entities is to give you a convenient box the system knows how to interface
by patio11 5y ago
While some Atlas users are internationally mobile, the dominant use case for Delaware entities is to give you a convenient box the system knows how to interface with while you live and operate your business wherever you live and operate your business. This is true for foreign and U.S.-based owners of Delaware entities.
One of my favorite Atlas users, Meitre in South America, has this tagline on their site: "Proudly born in Uruguay. Made with love in California" Much of their business is in South America; they went on (after incorporation) to through YC, raised from A16Z, etc. I think their experience is a userful counter to the standard narrative about brain drains, because that business is very thoroughly South American and also a first-class participant in the SV ecosystem.
Anecdotally speaking, a lot of the Atlas companies I'm aware of which raised money raised it either primarily locally, a mix of local and Silicon Valley, or "extremely widely distributed."
- motives 5y agoThanks for the response, it seems my initial take was indeed unbalanced and hadn't factored in the potential of geographically distributed raises which benefit the founders local territories whilst bringing the benefits of significant US capital.