VCs pawning off legal fees on startups is an anachronistic byproduct from when all entrepreneurs lacked power in fundraising. forcing VCs to eat legal fees wou

VCs pawning off legal fees on startups is an anachronistic byproduct from when all entrepreneurs lacked power in fundraising. forcing VCs to eat legal fees would lead to standardization and lower costs, which benefits everyone except attorneys. the only way this changes is if top entrepreneurs and VCs commit to a new baseline for legal fees. YC has already started chipping away but cannot break this ridiculous standard on its own. many elements of the VC-founder dynamic are broken today. it will be interesting to see which investors risk crafting a more balanced environment for startups. the downside is alienating their peers and jeopardizing peer-based deal flow, but the upside is attracting more founders and generating goodwill.