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good WSJ article on law firms introducing start-ups to venture..

http://online.wsj.com/article/SB1000142405274870345380457547...
Confused Salmon Corn Cake
  09/09/10
VC
Lascivious judgmental son of senegal
  09/09/10
Those shit firms are on the fringe of "BIGLAW" off...
thriller mood
  09/09/10
...
onyx swashbuckling double fault address
  09/09/10
...
thriller mood
  09/09/10
you don't know what you're talking about.
Anal Flushed Rehab Queen Of The Night
  09/09/10
SORRY ABOUT YOUR TINY PINK MIDLAW FIRM
thriller mood
  09/09/10
wilson sonsini is v50, cooley is v60, and both are among the...
Anal Flushed Rehab Queen Of The Night
  09/09/10
Thanks for proving my point. They are PURE SHIT firms becaus...
thriller mood
  09/09/10
actually, vc is a really interesting niche. alternative bil...
Anal Flushed Rehab Queen Of The Night
  09/09/10
i actually thought some would appreciate the article, it's I...
Confused Salmon Corn Cake
  09/09/10
And they used to be V20, when VC and start-ups were a big de...
Jet-lagged racy hairy legs
  09/09/10
Still good work with some interesting pieces that you don't ...
Anal Flushed Rehab Queen Of The Night
  09/09/10
werent they v10 at one point?
boyish coiffed resort dysfunction
  09/09/10
Lead counsel to the sellers on the most important M&A de...
Razzle honey-headed shrine messiness
  09/09/10
ITT :D is pwned?
boyish coiffed resort dysfunction
  09/09/10
NMFE
Sable duck-like nibblets
  09/09/10
TCR
razzmatazz cruise ship travel guidebook
  09/09/10
et tu steve?
thriller mood
  09/09/10
...
Irate cuckoldry
  09/09/10
...
Gaped Sex Offender
  09/09/10
They'll be peddling financial products and annuities next.
Bat-shit-crazy Party Of The First Part Menage
  09/09/10
This actually happens too. Some Biglaw firms do have small e...
razzmatazz cruise ship travel guidebook
  09/09/10
of course biglaw partners who have been working with startup...
mind-boggling bat shit crazy casino tank
  09/09/10
lol yeah getting bossed around by 25 year old ibanking STUDS...
sickened orchestra pit cumskin
  09/09/10
i don't think you have any idea how VC and startup practice ...
mind-boggling bat shit crazy casino tank
  09/09/10
i worked in VC. here, i was just trying to shoehorn xoxoisms...
sickened orchestra pit cumskin
  09/09/10
cheers
mind-boggling bat shit crazy casino tank
  09/09/10
I took a 1 credit seminar on VC in law school 8 years ago. W...
razzmatazz cruise ship travel guidebook
  09/09/10
Yes, but it's not going to be any actual business elements (...
Razzle honey-headed shrine messiness
  09/09/10
just a side effect of :D's continued posting here. any way w...
boyish coiffed resort dysfunction
  09/09/10


Poast new message in this thread



Reply Favorite

Date: September 9th, 2010 9:23 AM
Author: Confused Salmon Corn Cake

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?

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002389)



Reply Favorite

Date: September 9th, 2010 11:33 AM
Author: Lascivious judgmental son of senegal
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)



Reply Favorite

Date: September 9th, 2010 9:27 AM
Author: thriller mood

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

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002398)



Reply Favorite

Date: September 9th, 2010 9:42 AM
Author: onyx swashbuckling double fault address



(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002427)



Reply Favorite

Date: September 9th, 2010 10:05 AM
Author: thriller mood



(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002486)



Reply Favorite

Date: September 9th, 2010 10:11 AM
Author: Anal Flushed Rehab Queen Of The Night

you don't know what you're talking about.

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002501)



Reply Favorite

Date: September 9th, 2010 10:12 AM
Author: thriller mood

SORRY ABOUT YOUR TINY PINK MIDLAW FIRM

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002502)



Reply Favorite

Date: September 9th, 2010 10:15 AM
Author: Anal Flushed Rehab Queen Of The Night

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)



Reply Favorite

Date: September 9th, 2010 10:17 AM
Author: thriller mood

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)



Reply Favorite

Date: September 9th, 2010 10:18 AM
Author: Anal Flushed Rehab Queen Of The Night

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)



Reply Favorite

Date: September 9th, 2010 10:56 AM
Author: Confused Salmon Corn Cake

i actually thought some would appreciate the article, it's INTERESTING for a change.



(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002677)



Reply Favorite

Date: September 9th, 2010 1:25 PM
Author: Jet-lagged racy hairy legs

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)



Reply Favorite

Date: September 9th, 2010 1:27 PM
Author: Anal Flushed Rehab Queen Of The Night

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)



Reply Favorite

Date: September 9th, 2010 6:39 PM
Author: boyish coiffed resort dysfunction

werent they v10 at one point?



(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005607)



Reply Favorite

Date: September 9th, 2010 6:35 PM
Author: Razzle honey-headed shrine messiness

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

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005583)



Reply Favorite

Date: September 9th, 2010 10:19 AM
Author: boyish coiffed resort dysfunction

ITT :D is pwned?

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002533)



Reply Favorite

Date: September 9th, 2010 10:40 AM
Author: Sable duck-like nibblets

NMFE

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002613)



Reply Favorite

Date: September 9th, 2010 11:44 AM
Author: razzmatazz cruise ship travel guidebook

TCR

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002923)



Reply Favorite

Date: September 9th, 2010 11:48 AM
Author: thriller mood

et tu steve?

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002948)



Reply Favorite

Date: September 9th, 2010 6:14 PM
Author: Irate cuckoldry



(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005418)



Reply Favorite

Date: September 9th, 2010 6:45 PM
Author: Gaped Sex Offender



(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005661)



Reply Favorite

Date: September 9th, 2010 11:43 AM
Author: Bat-shit-crazy Party Of The First Part Menage

They'll be peddling financial products and annuities next.

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002920)



Reply Favorite

Date: September 9th, 2010 11:46 AM
Author: razzmatazz cruise ship travel guidebook

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)



Reply Favorite

Date: September 9th, 2010 11:43 AM
Author: mind-boggling bat shit crazy casino tank

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)



Reply Favorite

Date: September 9th, 2010 11:46 AM
Author: sickened orchestra pit cumskin

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)



Reply Favorite

Date: September 9th, 2010 11:47 AM
Author: mind-boggling bat shit crazy casino tank

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)



Reply Favorite

Date: September 9th, 2010 11:49 AM
Author: sickened orchestra pit cumskin

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)



Reply Favorite

Date: September 9th, 2010 11:49 AM
Author: mind-boggling bat shit crazy casino tank

cheers

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16002958)



Reply Favorite

Date: September 9th, 2010 11:49 AM
Author: razzmatazz cruise ship travel guidebook

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)



Reply Favorite

Date: September 9th, 2010 6:52 PM
Author: Razzle honey-headed shrine messiness

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.

(http://www.autoadmit.com/thread.php?thread_id=1418614&forum_id=2#16005697)



Reply Favorite

Date: September 9th, 2010 6:58 PM
Author: boyish coiffed resort dysfunction

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)