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I like that once the company is sold i never have to think about them again
Mentor
I’m not in tech M&A but I work on tech deals. I’d say it has more room for regulatory risk as they’re often operating in very legally gray areas as the law hasn’t kept up with what the tech is yet (think is original Airbnb a bed and breakfast, a hotel, a landlord tenant arrangement, or just a house sitting/house share situation). That creates malpractice risk…. That aspect can be interesting though because doing the same BCA over and over again is maddening. Having to do work that feels like real lawyer work (rather than fill-in-the-blank template work) can be fun if you’re into that sort of thing.
For that reason, you can’t rely on form templates as much without being meticulous. You’ll need to create many bespoke agreements and risk factors and can’t rely as much on precedent from your firm’s prior deals or even from other firms’… founders tend to be far more involved in every decision on the deal and have strong opinions about even minor ancillary agreements (for the reasons below)
Also, they tend to have that startup culture mentality so you’ll find they made major decisions without having board minutes or going through formalities, having poorly kept records and inadequate insurance, etc.:: lots of strong personalities (think socially awkward founders who think they’re God’s gift to the world but also feel pretty insecure too so they need constant reassurance). Even if they’re 5-10 years old, it’s still usually an organizational mess compared to non-tech companies of the same size and market cap
Can’t say I’d want to do any M&A work full time forever. I want back into lit within the next 2 years which I lateraled out of
Coach
Same boat, I miss litigation as a tech M&A lateral, cannot see myself doing M&A work for the long run unless it’s on the finance side