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Doesn't it seem likely that tax treatment has more to do with this than benefits? People are reading this like YC isn't investing in companies HQ'd in Canada, b
by tptacek 10mo ago
Doesn't it seem likely that tax treatment has more to do with this than benefits? People are reading this like YC isn't investing in companies HQ'd in Canada, but there's no evidence of that! I look at a set {US, Singapore, Cayman} and what I think is "this is about taxes". Maybe especially tricky for YC since such a huge fraction of their portcos are pre-revenue.
- jleyank 10mo agoThe key question is whether they make non-US-ians move to the Valley to participate. Or, rephrasing, leave their home country to move to whichever piece of YC is cutting the check.
- tptacek 10mo agoAgain: there were 4 countries, total, in the standard YC deal terms. Now there are 3. There are many hundreds of YC companies headquartered overseas. The standard move in this situation is that you form a US Delaware C Corp and make your HQ a subsidiary.
- walterbell 10mo agoDelaware vs. Cayman for LatAm startups: https://news.ycombinator.com/item?id=46686745 https://news.ycombinator.com/item?id=46686745