Canadian Startup and Video Game Law Blog
Startup and video game law, from a Canadian and U.S. perspective
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Y Combinator No-Longer Accepts Canadian Companies
Canadian startups! Y Combinator no-longer accepts Canadian companies. For years, Y Combinator permitted its cohort to incorporate in the US, Canada, Singapore or Cayman. Now, for the most recent cohorts of YC companies, Canadians are being forced to reincorporate in the US. This fundamental shift in deal policies places Canadian founders in an awkward position...
You Don’t Need a US Company to Raise from the US
We’ve attended a number of presentations lately where Canadian founders are told that they MUST be a US company to raise money from US investors. This advice is patently false; Canadian startups raise from US investors all the time and investors generally don’t care that a prospective portfolio company is Canadian. 1. Where does this...
Raising Capital from U.S. Investors
Many Canadian companies raise funds in cross-border financings, with most rounds including at least 1 U.S. resident investor (if not a U.S. lead investor). If your Canadian startup is raising funds from U.S. investors, you will need to keep the following in mind: 1. Value Your Startup in USD All Canadian startups should value themselves...
Moving to Canada
As a cross-border law firm, we focus on establishing Canadian companies for US (and other foreign) companies; often these cross-border structures are driven by remote teams and/or a desire to utilize certain Canadian tax credits. Our aim with this post is to detail the most common cross-border structure we create for our US clients (especially...