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I wonder why there is Canada, Cayman and Singapore version. I thought YC requires Delaware C Corp and it is gold standard for startups, has something change?
by jakozaur 5y ago
I wonder why there is Canada, Cayman and Singapore version.
I thought YC requires Delaware C Corp and it is gold standard for startups, has something change?
- jdoliner 5y agoI think no US companies aren't required to be C Corps. That wouldn't make a ton of sense for them if they're planning to operate largely outside of the US.
- PeterisP 5y agoI believe their system for non-US companies was to require that the actual (non-US) company is 100% owned by a Delaware corp, so the company operations and assets are legally "local" but all the relationships between founders, ycombinator and other shareholders are handled under Delaware law and contracts.
- pedalpete 5y agoDelaware is the gold standard, and I believe they prefer a Delaware C, but business friendly tax havens, and I believe many VCs are now able to invest in companies registered there. I think the Canada thing is just due to the number of Canadian companies that have gone through YC, but I could be wrong.