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Founders: Stop reimbursing your VC's legal fees

• tweetieb 1y ago
  have always thought this is insane
  • todsacerdoti 1y ago
    agreed!
• robocat 1y ago
  siliconhillslawyer has some great advice on this, and specifically on how VC captures lawyers due to repeat business: https://siliconhillslawyer.com/2017/01/01/avoid-captive-company-counsel/ https://siliconhillslawyer.com/2017/01/01/avoid-captive-comp... (yeah, the site will have a bias, but the information seems amazingly good to me) I'm not a lawyer nor am I in the US - I'm just a fan of some of the articles - including ones that mention YC like: https://siliconhillslawyer.com/2019/03/03/standard-term-sheets-problem-yc/ https://siliconhillslawyer.com/2019/03/03/standard-term-shee... but my favourite is about VC power imbalance: https://siliconhillslawyer.com/2019/02/18/relationships-and-power-startup-ecosystems/ https://siliconhillslawyer.com/2019/02/18/relationships-and-... VCs use legal fees to their advantage.