It becomes a cashflow issue for startups. While the stable state is the same (not really the same, because of how companies evolve etc), cashflow issues in early days means $$$ from the VC money that I could've used to grow the company, now goes towards taxes for 5 years. That could be make or break for small companies.

If you have a pile of cash that you have no apparent use for, or can live without, yes, it makes no difference.