a16z moves its state of incorporation to Nevada, saying that “Delaware courts can at times appear biased against technology startup founders and their boards”
a16z.com/were-leaving... X: @writeclimbrun : wow. a16z is leaving Delaware for Nevada. the blog post is crazy. https://a16z.com/... @bhorowitz : We are outta Delaware and now in Nevada https://a16z.co...
OpenAI backtracks and says its nonprofit will remain in control of its business operations, after a “constructive dialogue” with civic leaders and DE and CA AGs
so it's making a change Aaron McDade / Yahoo Finance : OpenAI Scraps For-Profit Plans New York Times : The Stakes for OpenAI's Plan B The Irish Times : OpenAI ditches plan to convert to for-profit bus...
Sources: Meta is discussing moving its incorporation from Delaware to Texas or another state, after Elon Musk's similar moves; the change wouldn't affect its HQ
if they go to Texas it's more evidence of zucking up to Musk by Mark. It makes no sense from any legal perspective. — If they land in Nevada, it's because they don't like corporate governance respo...