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Why OpenAI is trying to untangle its 'bespoke' corporate structure

Engadget

On the Friday after Christmas, OpenAI published a blog post titled "Why OpenAI's structure must evolve to advance our mission." In 2013 , Delaware enacted its own version of the law. Delaware is also the state where OpenAI plans to reincorporate its for-profit as a PBC. Why is OpenAI pursuing a PBC structure?

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Raise, a startup building Africa’s Carta, gets backing from 500 Startups

TechCrunch

They spent money managing corporate structures for holding companies in Delaware, Canada, and Europe but maintained paper-based subsidiaries across Africa. According to Coleby, most of the equity across Africa is still stored, tracked and updated using paper certificates, manual processes and fragmented government databases.

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Dear Sophie: How can I launch a startup while on OPT?

TechCrunch

and find investors here, then talk to a corporate attorney to determine how to structure the company. investors want to deal with Delaware C corporations. Even though you incorporate in the state of Delaware, your startup can be based in Silicon Valley or anywhere in the U.S. In general, U.S.

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Funding Faith: Raising Money For Religion-Based Organizations

Bloomerang

Katzen, President and CEO of the Jewish Federation of Delaware. Also, Doucet Campbell said that, depending on the structure of the organization, there’s sometimes a misguided belief that a built-in pipeline of giving is automatic. . That motivation is often centered in a desire to improve communities, said Seth J.

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Muslims come into the frame in Southeast Asia’s fintech boom

TechCrunch

Headquartered in Delaware, Blossom Finance hosts investors from primarily the United States and Europe, but all of the microbusinesses it serves are in Indonesia. Islamic fintech startups in Malaysia and Indonesia have the support of government policies. After initially soft-launching in the U.S.,

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Terraformation gets $30M to fight climate change with rapid reforesting

TechCrunch

Asked whether Terraformation is a business in the typical startup sense, Wong says it’s been set up in a familiar way — as a Delaware C Corp — but purely because he says that’s just the quickest way to be able to operate. “The short answer is anywhere we can!” ” he adds.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

Twitter makes its API free for public announcement accounts Twitter announced on May 2 that it is making its API free for verified government or public-owned services posting about public utility alerts such as weather alerts, transportation information and emergency warnings. But once you refresh the page it disappears.

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