If the company is successful, the cost of paying else someone to manage the details of a Delaware corporation is almost certainly going to be much less than the opportunity cost incurred when a founder manages that level of detail regardless of where the company incorporates.
Or to put it another way, since using a UK LTD instead of a Delaware Corp. is unlikely to effect the odds of the company's success, there's not a clear business case for expending energy on it in the context of YC. That's not to discount personal values or world views only to recognize that those values and world views represent some misalignment between the founder's interests and YC's business model. YC, like any investor, invests on terms with which they are comfortable.
In the end, if the benefits of incorporating as an LTD outweigh those of YC's investment, then that's the way to go. If they don't, it isn't.
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My take for what it's worth.
If the company is successful, the cost of paying else someone to manage the details of a Delaware corporation is almost certainly going to be much less than the opportunity cost incurred when a founder manages that level of detail regardless of where the company incorporates.
Or to put it another way, since using a UK LTD instead of a Delaware Corp. is unlikely to effect the odds of the company's success, there's not a clear business case for expending energy on it in the context of YC. That's not to discount personal values or world views only to recognize that those values and world views represent some misalignment between the founder's interests and YC's business model. YC, like any investor, invests on terms with which they are comfortable.
In the end, if the benefits of incorporating as an LTD outweigh those of YC's investment, then that's the way to go. If they don't, it isn't.
Good luck.
Your point is completely valid. Incorporating as UK company is not as helpful as being part of YC.
YC, rightfully, invest on terms that make them feel comfortable, since it's their money.
Nonetheless, this is something making me doubt if I will apply.
Thanks for your opinion. I appreciated it.