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I've talked with more than one set of specialized lawyers who had the domain knowledge necessary to identify a lucrative problem and imagine a productized solut
by gyardley 11y ago
I've talked with more than one set of specialized lawyers who had the domain knowledge necessary to identify a lucrative problem and imagine a productized solution. They all considered creating a start-up, to the point of talking to me about it, but in the end they just kicked the tires for a while and never seemed to do anything.
My theory: if you've got the specialized domain knowledge to do something in the legal space that isn't already being done to death, you're likely very well paid already, and quitting to focus on a startup would involve a huge opportunity cost. That dramatically cuts down on the number of startups that actually get created - it's just too much security to give up.
That said, there's still a good number of legal startups out there.