a16z announced that it will move its primary entity registration to Nevada

Gate News bot message, the top American venture capital firm a16z announced through its official blog that it has relocated the registered address of its main business entity AH Capital Management from Delaware to Nevada.

The three partners at a16z stated in a joint statement that the recent rulings by the Delaware Court of Chancery have become increasingly subjective, undermining the business community’s confidence in its “gold standard” judicial system. Nevertheless, a16z indicated that it will continue to invest in companies registered in Delaware, but advises tech entrepreneurs to reconsider their choice of registration location.