Silicon Valley venture capital giant Andreessen Horowitz is relocating its corporate incorporation from Delaware to Nevada, citing concerns over bias in Delaware\u2019s Court of Chancery against company founders and boards. According to a report by Bloomberg, the company also urges its portfolio companies to follow suit, signaling a potential shift in the tech industry\u2019s long-standing preference for Delaware. In a blog post published Wednesday, July 10, Andreessen Horowitz\u2019s legal and policy leaders — Jai Ramaswamy, Andy Hill, and Kevin McKinley — slammed Delaware\u2019s Chancery Court for injecting \u201cunprecedented subjectivity\u201d into recent rulings, eroding the state\u2019s reputation as a business-friendly incorporation hub. \u201cSome startups hesitate to leave Delaware based in part on concerns for how investors will react,\u201d the trio wrote. \u201cAs the largest VC firm in the country, we hope our decision signals to our portfolio companies, as well as to prospective portfolio companies, that such concerns may be overblown.<\/p>\n","protected":false},"excerpt":{"rendered":"
Silicon Valley venture capital giant Andreessen Horowitz is relocating its corporate incorporation from Delaware to Nevada, citing concerns over bias in Delaware\u2019s Court of Chancery against company founders and boards. According to a report by Bloomberg, the company also urges its portfolio companies to follow suit, signaling a potential shift in the tech industry\u2019s long-standing preference for Delaware. In a blog post published Wednesday, July 10, Andreessen Horowitz\u2019s legal and policy leaders — Jai Ramaswamy, Andy Hill, and Kevin McKinley — slammed Delaware\u2019s Chancery Court for injecting \u201cunprecedented subjectivity\u201d into recent rulings, eroding the state\u2019s reputation as a business-friendly incorporation […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-945404","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/945404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=945404"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/945404\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=945404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=945404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=945404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}