> if your company is already incorporated as a non-United States company, to participate in YC you will need to convert your foreign company into a United States corporation
I have always wondered what this means exactly. If I'm the CEO of a company outside the US, that is unrelated to what the startup would be doing, does it matter?
Is it just a question of who owns the IP for the startup? And even if another company owns the IP, can't the IP be transferred/sold without converting the company itself?
I have always wondered what this means exactly. If I'm the CEO of a company outside the US, that is unrelated to what the startup would be doing, does it matter?
Is it just a question of who owns the IP for the startup? And even if another company owns the IP, can't the IP be transferred/sold without converting the company itself?