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This is the main reason I wanted to join YC, to limit lawyer expenses.
by litepost 19y ago
This is the main reason I wanted to join YC, to limit lawyer expenses.
- brianmckenzie 19y agoI know that many people say this, and pg often cites it as a major benefit of YC. That's why I'm wondering.
- pg 19y agoYipes. Decreasing legal expenses is about 1% of the value of YC. By far the most important thing we do is work with people on their ideas. Then teaching how to present to investors, then introductions, technical advice, advice about negotiating deals, help in disputes between founders, the value of the other YC founders, help in recruiting...
- brianmckenzie 19y agoThanks for disabusing me of that notion - I don't mean to spread misinformation or anything.
- litepost 19y agoDitto. I misspoke. ("contributing motivator" would be more accurate than "_the_ main reason.") Having legal counsel in the know is certainly just one of many pieces, it all depends on which ones you need (most). (And that in turns depends on what precisely you're going after.)