Y Combinator Removes Canada from Permitted Investment Locations for Startups
By
TheLegace
Front-window bakery material. Catches the eye, delivers the goods.
Summary
Y Combinator has removed Canada from its list of permitted investment locations, requiring Canadian startups to incorporate in the United States, Cayman Islands, or Singapore to join the prestigious accelerator program. This change to their standard deal terms represents a significant shift in investment policy that affects Canadian entrepreneurs seeking Y Combinator funding and support.
Key quotes
· 3 pulledY Combinator has revised its standard deal terms to exclude Canada as a permitted site of investment
Canadian startups aspiring to join the prestigious San Francisco-based startup accelerator will have to incorporate their companies elsewhere
Y Combinator's standard deal terms webpage now says it invests in corporations based in the United States, the Cayman Islands, or Singapore
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