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Y Combinator Restores Canada In Investment Terms
7.1
Y Combinator said on Thursday it has restored Canada to its standard deal terms, reversing a change made sometime between November and January that had removed Canada as a permitted country of incorporation. YC CEO Garry Tan said the accelerator initially removed Canada because its top-performing Canadian companies often reincorporated in the US, but reassured Canadian founders they remain welcome to apply, affecting incorporation and fundraising choices.
Key Points
- 1Reinstates Canada: YC re-adds Canada to permitted incorporation list after removal between November and January.
- 2Signals reliance on US market: YC noted top-performing Canadian companies reincorporate in US for Demo Day capital.
- 3Affects founders: Canadian startups can apply without redomiciling, influencing incorporation and fundraising strategies.
Scoring Rationale
Official YC reversal gives practical implications for Canadian founders, but limited novelty and primarily regional scope.
Sources
Public references used for this report.
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