I 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 asse

I 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.