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Andreessen Horowitz is the latest company to follow Elon Musk out of Delaware

  • Venture capital firm Andreessen Horowitz is moving its corporation from Delaware to Nevada.
  • The firm cited concerns over Delaware courts appearing biased against technology startup founders and their boards.
  • Andreessen Horowitz hopes its decision to move publicly signals to its portfolio companies that concerns about leaving Delaware may be overblown.
  • The exodus from Delaware was initiated by Elon Musk after a court voided his $55 billion pay package, prompting other companies to follow suit.

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