A lot has changed in venture capital over the last few years, but we’re now seeing something deeper than just market correction or hype cycle reset. We’re witnessing a structural shift in how companies are capitalized, how cap tables are constructed, and how the legal backdrop of company formation is playing out. Andreessen Horowitz, the most powerful VC firm in the country, just reincorporated in Nevada. That move should not be ignored. Here's this week's edition of The Dime💰.

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