Does this also impact US metrics for capital raised? My understanding is that the Delaware C-Corp is still the startup standard for founders from anywhere in the world to raise global capital, which I imagine skews where the capital actually ends up flowing if they are actually building a company in a foreign location and just using the Delaware entity as a holding co.

Somewhat, but not to the degree as you see in the UK, Singapore, or HK.

Until a couple years ago, it was difficult for someone without a SSN to create a Delaware C-Corp and even despite current political instability, the depth of IP, capital, and R&D available in the US is difficult to replicate outside China, Japan, and maybe India.