Andreessen Horowitz, one of the world’s most influential venture capital firms, announced it will move its corporate headquarters from Delaware to Nevada.

The investment giant is the latest corporation to join a Delaware exodus that began after a state court voided Tesla CEO Elon Musk’s $55 billion pay package in response to a 2018 lawsuit filed by a shareholder who thought the amount was excessive. Musk also moved SpaceX to Texas.

“It used to be a no-brainer: start a company, incorporate in Delaware. That is no longer the case due to recent actions by the Court of Chancery, which have injected an unprecedented level of subjectivity into judicial decisions, undermining the court’s reputation for unbiased expertise,” Andreessen Horowitz said Wednesday in a news update on its website.

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