luvtogrow2
New member
Me and 3 other cofounders have been working on a startup for 5 months now. We have a pitch deck, UI/UX prototype, and a full business plan. We are all computer scientists and can easily program our own software for free.
We are very soon pitching to a small VC firm for $25,000 and are talking with 2 other VCs, several angel investors, and potentially Y-Combinator due to some connections we have.
One question I have is whether it would be better to start out as a Delaware S-Corp or C-Corp? we ofc will not be doing an LLC because we are looking for investors. From my research it seems like a C-corp is just an S-corp but with a few less restrictions and MUCH higher taxes.
Considering that we currently have $0 in funding but hopefully will have some soon, which would u recommend to start?
We are very soon pitching to a small VC firm for $25,000 and are talking with 2 other VCs, several angel investors, and potentially Y-Combinator due to some connections we have.
One question I have is whether it would be better to start out as a Delaware S-Corp or C-Corp? we ofc will not be doing an LLC because we are looking for investors. From my research it seems like a C-corp is just an S-corp but with a few less restrictions and MUCH higher taxes.
Considering that we currently have $0 in funding but hopefully will have some soon, which would u recommend to start?