Douglass Lightfoot

Delaware’s Legislature passed significant amendments to the Delaware General Corporation Law (the “DGCL”) in June, at the end of its legislative session. These amendments were signed into law by Governor John Carney on July 17, 2024, and will become effective on August 1, 2024. The amendments were largely intended to overturn three recent decisions of Delaware’s Court of Chancery.

Delaware's Legislature passed significant amendments to the Delaware General Corporation Law (the "DGCL") in June, at the end of its legislative session. These amendments were signed into law by Governor John Carney on July 17, 2024, and will become effective on August 1, 2024. The amendments were largely intended to overturn three recent decisions of Delaware's Court of Chancery.

As we kick off the summer of 2024, we thought it important to take a hard look at the status and trends in the emerging company (EC) and venture capital (VC) markets in the District of Columbia (D.C.) as it compares with other large U.S. EC/VC ecosystems. With the expansion of private capital markets, established venture capital ecosystems have grown and new hubs have emerged worldwide.