Delaware

“I think PBC is an absolute must do and kind of like an utter no brainer of all the things in the book. It's by far the easiest thing. If you want to pick one thing to do, it's the easiest thing to do. It's a two page legal filing in Delaware.”

“It's a Delaware non-profit. Why Delaware? We are chartered as of last week. It's actually news I haven't published, so I should probably put it out there.”

“I don't think it's a race to the bottom, because after all, you have investors and others on the outside who are, Very discerning, and they decide, you know, after all, you know, what makes for a good company and what policies, ah, matter.”

“And significantly the state of Delaware over the last 10 years has made both of those you know, out of bounds, illegal for public companies who are registered and Franchise the state of Delaware.”

“I have to be very careful and say that we are moving out of Delaware.”

“I think it's actually the highest profile companies that are at risk because they're the ones that, you know, an activist judge is going to want to make an exception out of.”

“Litigation around shareholder events are tied solely to public companies. That is not true. If you're incorporated in Delaware, you can be sued. You know, if your shares are trading more freely in the secondary market, you're at risk as well.”

“I read this, and I think, you know, any company that I'm involved with, I'm gonna encourage to leave because this is radically different Then why I was told we were supposed to go to Delaware.”

“It's like people want to solve Europe Inc. They want to make it really easy to incorporate a company in Europe. Like, why? Incorporate in Delaware or the UK? Like, problem solved.”

“I think companies need to consider leaving Delaware as fast as possible.”

“If that happens, I mean, Delaware can kind of kiss its status as the premier corporate law state away.”

“So if it gets upheld, I expect you're going to see significant flight from the state of Delaware by people reincorporated in these other states that, you know, frankly are pretty friendly as well.”

“Elon keeps playing with the lines of extremism around around corporate governance, and they're like the last line of legitimate defense.”

“You know, Texas just are setting up their own business courts to compete with Delaware.”

“What's another state close to New England where, where we are right now that has yet to have a brewery opening post-prohibition, and it happened to be Mariah's home state of Delaware”

“Massage the language, and literally a guy, within a month, we were on the floor getting a bill that we wrote, brought forward, and then Governor Carper, who's now, you know, signed that bill, and it actually turned into this just kismet moment, because all of …”

“Whatever you have in information rights, whatever your lawyers wrote, Is not above section two 20 in Delaware.”

“If your eventual goal is to go public, and almost every tech company and startup is eventually to go public, at some point you're going to need to be a C Corp. And if you're going to go public and do an IPO, you're going to need to be a C Corp incorporated in …”

“An early stage startup frequently can't afford that cost, and I don't recommend incorporating in Delaware from day one. It's a capital expense that you don't necessarily need to operate on.”

“I signed for a WeWork office starting May one, back when WeWork was still very small. I think they had, like, two buildings in New York. And then I officially registered as a LLC June one in Delaware.”

“And I've often said that at some point someone's going to look at this and say, hey, this is crazy, a flawed model. We need to move it external and operate it. Oddly enough, Delaware is the only place that you've seen that that happened in the eighties and nob…”

“We're pushing for a law to make sure these players are protected. And so we are going to try to get that through Delaware this year.”

“Most public companies are Delaware companies, so that saves you a little time if you're gonna go public. And some investors actually will require that you're in Delaware before they, before they'll fund you.”