Anyone have experience using startup lawyers? Are they reliable or should I have a BigLaw team on retainer? EdTech industry so a lot of financing agreements, government org investments and public sector partnerships. Thanks

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Startup Lawyers with specialized experience from corporate and securities law in bigger firms are the best bet. They can usually review your corporate agreements as well. You want to ask or look for lawyers who specialize in “outsourced GC” especially if you have strategic or venture financing.


Assuming “from” means now in independent practice. Big firms are a big cost for a startup.

Tons. We have a few that partner with our incubators, entirely to make sure that the counsel founders get is pragmatic and reasonably priced, rather than just expensive because lawyers can get away with it.

You find working with startups that most (MOST) legal work is actually just cut and paste. Now watch, I'm sure I'll get some lawyers who argue with me that that's not true. Please appreciate, that's because it's their job to justify their role, make money as such, and argue the point. So of course they're going to cite why I'm wrong.

I've worked with hundreds of startups over a couple decades and 99.9% only spent a few grand (at most) and dealt with everything through rewritten, easily found, templates and examples.

Now, I'm no lawyer... Blah blah blah that usual legalese that you see as a disclaimer (ironically written by lawyers paid to give advice, then disclaiming that their advice isn't valid 😂) but seriously, I'm not, so WTF do I know. Proceed at your own risk.

Early in my career, I had a VC say to me pointedly, "when you're a startup, never pay for a lawyer, that's our job, when you have a company worth protecting, we have the money, we'll cover the costs to make sure it's protected. Until then, focus on building a successful venture worth protecting because if you fail to do that, paying a lawyer is just a waste of resources."

Now, all that may make it sound like I'm saying "don't hire a lawyer!"
I'm not!

What I'm saying is that in startups, most things are costs and you can't afford costs. Particularly when there is little/nothing to actually protect. Startups do two (and only two) things that create value: marketing and innovation.

So to succeed, you want to minimize anything else as much as possible. And invest everything you can in those two things.

Because... So what if the agreement isn't perfect?? Is it close? Are you comfortable with it? Is *their* lawyer? Great, then stop wasting time and DO it and move on to more.

The point the VC was making is that when you're successful, THEN you have money and resources and THEN you have something worth fighting to protect. So THEN hire a lawyer, and clean it up. Otherwise, "a patent doesn't make a startup successful."

In incubators, to close that loop, we curate lawyers to make sure those that work with startups think the same way. That you don't have money to spend, that, you should only do what is absolutely necessary. We make them give hours and hours of free advice, not just guidance: what to do. And we make them provide some services for free, or for only some equity, in order to help.

Lawyers who don't think/work that way are discarded so that their costly services aren't preying on entrepreneurs incapable of wasting resources on them.

So if you need to find a good lawyer for a startup, as your local startup leaders for references, or look at what the incubators use. Happy to make some intros too if that would help... No strings, we don't take referral fees or any of that crap, in good startup communities... Being a founder is tough enough, the role of the community is eliminating risks for you all, not adding to them.


Need to get more info for a response .
Lots of experience. Happy to chat . Serial entrepreneur here .

You may want to talk with Axiom. Experienced lawyers, reasonable rates. I have used them to review a number of agreements and have been very pleased.

You may contact on +91 9636668182 with your requirements of Financial and legal support for your Startup. Happy to Help!

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