No founder-led startup (or public company) should incorporate in Delaware — its courts hate founder control. I experienced this firsthand at Zynga. Now, the industry is starting to catch on.
For the last century, Delaware has been the default for incorporating a business, with 66 percent of the Fortune 500. 80 percent of 2024 IPOs were Delaware-based. Businesses incorporated in Delaware account for nearly a third of the state’s revenue. (Soon, we will say it ‘used to’ be a third.)
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