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good WSJ article on law firms introducing start-ups to venture..
Poast new message in this thread
Date: September 9th, 2010 9:23 AM Author: pink mother http://online.wsj.com/article/SB10001424052748703453804575479650072184066.html
My question is why VC firms trust the law firms? Do the biglaw partners in these areas have enough business expertise to evaluate the start-ups before "connecting them" to their VC contacts? |
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Date: September 9th, 2010 11:33 AM Author: Wonderful Native Subject: VC This kind of referral has been going on forever, though it's more commonly the other way around: VC steers startup to law firm who'll charge reasonably and do decent work. In answer to your question, a referral does not equal an investment. No VC will invest based on a recommendation from anybody. They will conduct mucho independent inquiry. I was a Cooley Godward client, BTW, in one well financed Si Valley startup. Cooley was fine, and the company eventually did an IPO. Our VC's paired us with Cooley, not vice versa. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002866) |
Date: September 9th, 2010 9:27 AM Author: Yapping Floppy Dog Poop Forum Those shit firms are on the fringe of "BIGLAW" offering firesale prices. This isn't novel and the only surprising thing is that it took this long.
ENJOY DLA PIPER |
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Date: September 9th, 2010 9:42 AM Author: Effete corner (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002427) |
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Date: September 9th, 2010 10:05 AM Author: Yapping Floppy Dog Poop Forum (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002486) |
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Date: September 9th, 2010 10:11 AM Author: Pea-brained emerald nowag half-breed you don't know what you're talking about. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002501) |
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Date: September 9th, 2010 10:12 AM Author: Yapping Floppy Dog Poop Forum SORRY ABOUT YOUR TINY PINK MIDLAW FIRM (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002502) |
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Date: September 9th, 2010 10:15 AM Author: Pea-brained emerald nowag half-breed wilson sonsini is v50, cooley is v60, and both are among the best firms in the country for VC. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002515) |
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Date: September 9th, 2010 10:17 AM Author: Yapping Floppy Dog Poop Forum Thanks for proving my point. They are PURE SHIT firms because VC clients are PURE SHIT. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002521) |
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Date: September 9th, 2010 10:18 AM Author: Pea-brained emerald nowag half-breed actually, vc is a really interesting niche. alternative billing strategies and actually getting to work with small companies (and sometimes taking equity interest) is a welcome departure from simple due diligence on other people's deals. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002527) |
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Date: September 9th, 2010 10:56 AM Author: pink mother i actually thought some would appreciate the article, it's INTERESTING for a change.
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Date: September 9th, 2010 1:25 PM Author: Glassy private investor And they used to be V20, when VC and start-ups were a big deal. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16003554) |
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Date: September 9th, 2010 1:27 PM Author: Pea-brained emerald nowag half-breed Still good work with some interesting pieces that you don't get in typical Corp deals. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16003565) |
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Date: September 9th, 2010 6:39 PM Author: Electric slimy antidepressant drug werent they v10 at one point?
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Date: September 9th, 2010 6:35 PM Author: Pearly Telephone Turdskin Lead counsel to the sellers on the most important M&A deal this year. So good call by you, MFE.
http://amlawdaily.typepad.com/amlawdaily/2010/08/intelmcafee.html |
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Date: September 9th, 2010 10:19 AM Author: Electric slimy antidepressant drug ITT :D is pwned? (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002533) |
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Date: September 9th, 2010 10:40 AM Author: talking khaki deer antler NMFE (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002613) |
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Date: September 9th, 2010 11:44 AM Author: mewling indigo dysfunction TCR (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002923) |
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Date: September 9th, 2010 11:48 AM Author: Yapping Floppy Dog Poop Forum et tu steve? (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002948) |
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Date: September 9th, 2010 6:14 PM Author: Lascivious Stage Nibblets (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005418) |
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Date: September 9th, 2010 6:45 PM Author: Chestnut abnormal cuck (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005661) |
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Date: September 9th, 2010 11:43 AM Author: Heady brilliant nursing home They'll be peddling financial products and annuities next. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002920) |
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Date: September 9th, 2010 11:46 AM Author: mewling indigo dysfunction This actually happens too. Some Biglaw firms do have small employment law practice groups that do pitch exactly that sort of thing when they are retained to work on compensation packages and shit like that. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002934) |
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Date: September 9th, 2010 11:43 AM Author: vigorous trailer park trust fund of course biglaw partners who have been working with startups and VCs for 10-25 years have the "expertise" to evaluate which startups look promising and introduce the leads to VCs. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002921) |
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Date: September 9th, 2010 11:46 AM Author: Wild double fault kitchen lol yeah getting bossed around by 25 year old ibanking STUDS and having no actual business experience totally qualifies someone to pick the next successful startup (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002930) |
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Date: September 9th, 2010 11:47 AM Author: vigorous trailer park trust fund i don't think you have any idea how VC and startup practice works. do you? (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002940) |
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Date: September 9th, 2010 11:49 AM Author: Wild double fault kitchen i worked in VC. here, i was just trying to shoehorn xoxoisms into an area where they make no sense for amusement though. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002952) |
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Date: September 9th, 2010 11:49 AM Author: vigorous trailer park trust fund cheers (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002958) |
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Date: September 9th, 2010 11:49 AM Author: mewling indigo dysfunction I took a 1 credit seminar on VC in law school 8 years ago. We read case studies from HBS and taught we were the shit. (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002956) |
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Date: September 9th, 2010 6:52 PM Author: Pearly Telephone Turdskin Yes, but it's not going to be any actual business elements (e.g. the code or the business plan or the marketing strategy or whatever) that gets their attention. 9x out of 10 the start-up will have a CEO and/or Founder that they know has a good rep., strong background, or some other hook to get a VC interested.
This thread is the best proof that XOXO is 100% comprised of pre-law poli sci shitheads talking out of their asses and I'm wasting my life by spending any time with you people. Transactional lawyers introduce prospective/targeted clients to potential investors constantly. That's like 60% of a rainmakers job on the transactional side. This is what M&A lawyers do, it's what real estate lawyers do, it's the majority of your value to a prospective client. Do you people think clients give a shit what's in the documents, or that they even bother to read them all the way through, or that they care what you think about the latest developments in commentary on material adverse change definitions? Clients want money. Duuh-fucking-uuuh. |
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Date: September 9th, 2010 6:58 PM Author: Electric slimy antidepressant drug just a side effect of :D's continued posting here. any way we can make him leave? (http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005755) |