In demand: early-stage start-up legal library

Early-stage, cash-efficient start-ups increasingly require an equally efficient supply chain in order to make it work.  Take for example Capital Factory, Y-combinator or even micro-style investments from more traditional VCs.  A start-up raising $20k – $250k simply cant afford traditional legal costs associated with:

  • incorporating,
  • equity and option plans,
  • option grants,
  • convertible debt agreements,
  • all docs associated with being INITIALLY funded (term sheets, standardized series-A docs),
  • NDAs,
  • separation agreements and release paperwork,
  • contractor agreements, and so on.

I propose the following:   forward-thinking law firms should create a FREE legal library that includes AT LEAST the items listed above.  The should GIVE this library to start-ups that agree to become clients after a funding event of a particular size…maybe $250k or more.  I’m suggesting that law firms loss-lead with this free legal library and win clients that may become the next Google (or, realistically, may also go out of business).  It’s time for the supply chain to evolve.


2 Responses

  1. Interesting proposal, my thoughts via twitter @nickducoff

  2. We have put together an expert system to provide information to the tech sector such as:

    1) Where to get a standard confidentiality agreement freely;
    2) How to search for a patent and start drafting your own (along with issues to consider); &
    3) Trade Mark Issues (as well as other issues).

    The expert system

    Recently we have placed an Expert System onto our website to help anyone who need help with IP issues.

    This website expert system is still in its early stages; however, I would like to open it up & so invite other attorneys/lawyers in the IP community to place their questions and answers onto the Expert System so that it covers all jurisdictions.

    We are happy to refer users to (& of course acknowledge) the firm that drafted the interview information for/and had had it placed onto the expert system (I will put it into the expert system). This referral would be at the base end of each interview.

    Please circulate this if it is of interest.

    Please let us know if there is anything that your readers would like to see on the expert system.

    Thank you kindly,

    1 Place Patent Attorneys + Solicitors

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