Engadget

FEBRUARY 20, 2025

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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Structure Delaware Law Profit 105

Bloomerang

JULY 24, 2021

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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TechCrunch

JUNE 9, 2021

But the logistics of setting up a startup should be simple, because over the long run, complicated equity setups and cap tables cost more money in legal fees and administration time. My company, Pulley, has helped more than a thousand founders build their cap table and equity structure. Day 1: Incorporate. In the U.S.,

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Companies Delaware Structure Grant 98

TechCrunch

AUGUST 6, 2021

As startups in Africa continue to grow and raise money at a ridiculous pace, so too will their cap tables expand. Most African startups’ bulk of VC money is from foreign investors, making it imperative for African startups to incorporate abroad, especially in the U.S. However , there are only one or two exits now and then.

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Raise Build Africa Nigeria 109

TechCrunch

MAY 13, 2021

State tax can be avoided if the trust is structured properly and set up in a tax-exempt state like Delaware or Nevada. Notably, California does not conform, but California residents can still capture the state tax savings if their trust is structured properly and in a state like Delaware or Nevada.

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Strategy Delaware Nevada Gift 82

TechCrunch

APRIL 5, 2023

Based on your experience, do investors care about the amount of money a startup spends on visas and green cards for their founders? Both of my co-founders are on H-1Bs and had green cards in the works with our former company. What do we need to do to transfer their H-1Bs and green cards to our startup?

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Green Law Delaware Grant 98

TechCrunch

NOVEMBER 20, 2020

. “The only thing more rare than a unicorn is an exited unicorn,” observes Managing Editor Danny Crichton, who looked back at Exitpalooza 2020 to answer “a simple question — who made the money?” Has Airbnb ever really made money? Dear Sophie: Can an H-1B co-founder own a Delaware C Corp?

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Problem China Files Delaware 101