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> It matters if the cost is unpredictable But the legal fees for a VC funding round ARE predictable. The article even includes a chart of standard fee caps for

• neltnerb 6y ago
  And then demonstrates how the VC's greater leverage was used to strongarm a startup founder, after the deal was done, to pick up the costs despite an explicit cap as the only thing they insisted on. So it's predictable if you can factor in the risk of whether your VC will attempt to do that I guess. Though if a VC did that to me I think I'd be more inclined to do what one of the examples in the article did and just say, "Nope, nope, if you're trying to screw me over before we even start, we are not starting."