Comment by ckastner
2 years ago
This issue wasn't about starting a startup in Germany as a GmbH, though.
The issue was "flipping" that GmbH into a Delaware C-Corp, by request of YCombinator.
2 years ago
This issue wasn't about starting a startup in Germany as a GmbH, though.
The issue was "flipping" that GmbH into a Delaware C-Corp, by request of YCombinator.
Wasn’t the whole first part about how annoying it was to create a startup in Germany, and what he learned in the second part made him realise he shouldn’t have even bothered in the first place (regardless of whether or not YC would eventually be involved)? That was how I interpreted it anyway.
The first part was annoyance at becoming a company in general. What annoyed the author, like figuring out how to structure ownership, would be annoying anywhere.
And all the problems the author ran into sound very much like somebody just winging it, rather than investing a day or so getting informed on the available options and alternatives, and their implications.
And if investing a day into informing yourself about (1) incorporating and (2) its implications is too much to ask, then I honestly don't know whether a startup would be the right thing for the author in the first place.
When I started my company, I founded in the US and it was way more like what he described in the second part than all the hoops he jumped through in the first part.