2 ms·
I think it's also likely to reduce total legal expenditures. The investors previously did not see the legal bill and so their lawyers had less incentive to mini
by benmccann 14y ago
I think it's also likely to reduce total legal expenditures. The investors previously did not see the legal bill and so their lawyers had less incentive to minimize fees.
- jacquesm 14y agoYou are essentially saying that a VC has no problem saddling up one of their portfolio companies with unnecessary costs, in other words that they are hurting their own interests.
- benmccann 13y agoClearly the VCs have an interest in keeping legal expenditures down. But the extra layer of indirection does not help that goal. E.g. employers, individuals, and insurance companies all have an interest in lowering health costs, but the structure of the market makes it a difficult goal.