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Thanks! I've spent the last week lawyer shopping for my startup SpeakerText (http://speakertext.com http://speakertext.com) and ran into a couple young, ex-Gund
by MediaSquirrel 17y ago
Thanks! I've spent the last week lawyer shopping for my startup SpeakerText (http://speakertext.com http://speakertext.com) and ran into a couple young, ex-Gunderson Dettimer lawyers who had started their own firm. They already had >5 years each under their belt and new what they were talking about. We had margaritas last night and even though I went with Wilson Sonsini, this was essentially the advice I gave them. More lawyers should do it, if you ask me.
- dsplittgerber 17y agoSo you told them to go blog about their practice and then went with the most established law firm for venture capital there is? I think what people are missing here is the huge difference between interesting blog posts for founders etc and the real reason why everyone goes to Wilson Sonsini et al - because they have the reputation of being the best. Any VC guy will probably stick with the default option - #1 firm on reputation, because you just trust them to do the best possible job - instead of taking risks with an upstart, who writes nice blog posts but where you have no clue to the quality of their work. You can't "fail often, fail early" with legal documents. If you make just one important mistake, there are huge consequences. That's an important reason why people select for reputations on the legal market.
- MediaSquirrel 17y agoTrue. But how do they become established and make a name for themselves quickly? I'd say starting a blog, fostering a community and doing it well is probably your best bet.