“Delaware’s recent shift toward more shareholder protective rulings could accelerate a broader corporate exodus, and it remains to be seen whether the Delaware legislature will respond with reforms.”
–Shruti Gurudanti, director of corporate transactions at Rose Law Group
By Reuters
Venture capital firm Andreessen Horowitz said on Wednesday it is relocating its main business entity, AH Capital Management, from Delaware to Nevada, citing Delaware’s growing judicial bias against tech startup founders and their boards.
Also known as A16z, the firm said it could have made the move quietly but felt it was important for its staVenture capital firm Andreessen Horowitz said on Wednesday it is relocating its main business entity, AH Capital Management, from Delaware to Nevada, citing Delaware’s growing judicial bias against tech startup founders and their boards.
