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

http://online.wsj.com/article/SB1000142405274870345380457547...
Amethyst odious police squad
  09/09/10
VC
big red garrison headpube
  09/09/10
Those shit firms are on the fringe of "BIGLAW" off...
Hairraiser mildly autistic theatre elastic band
  09/09/10
...
Passionate Rose Main People Cruise Ship
  09/09/10
...
Hairraiser mildly autistic theatre elastic band
  09/09/10
you don't know what you're talking about.
Marvelous Lilac Haunted Graveyard Meetinghouse
  09/09/10
SORRY ABOUT YOUR TINY PINK MIDLAW FIRM
Hairraiser mildly autistic theatre elastic band
  09/09/10
wilson sonsini is v50, cooley is v60, and both are among the...
Marvelous Lilac Haunted Graveyard Meetinghouse
  09/09/10
Thanks for proving my point. They are PURE SHIT firms becaus...
Hairraiser mildly autistic theatre elastic band
  09/09/10
actually, vc is a really interesting niche. alternative bil...
Marvelous Lilac Haunted Graveyard Meetinghouse
  09/09/10
i actually thought some would appreciate the article, it's I...
Amethyst odious police squad
  09/09/10
And they used to be V20, when VC and start-ups were a big de...
Citrine stirring round eye
  09/09/10
Still good work with some interesting pieces that you don't ...
Marvelous Lilac Haunted Graveyard Meetinghouse
  09/09/10
werent they v10 at one point?
flushed area
  09/09/10
Lead counsel to the sellers on the most important M&A de...
Cordovan bisexual home
  09/09/10
ITT :D is pwned?
flushed area
  09/09/10
NMFE
Racy pearl blood rage coffee pot
  09/09/10
TCR
disrespectful carnelian old irish cottage clown
  09/09/10
et tu steve?
Hairraiser mildly autistic theatre elastic band
  09/09/10
...
Gold Galvanic Senate Kitty
  09/09/10
...
olive principal's office mother
  09/09/10
They'll be peddling financial products and annuities next.
Laughsome Jade Center
  09/09/10
This actually happens too. Some Biglaw firms do have small e...
disrespectful carnelian old irish cottage clown
  09/09/10
of course biglaw partners who have been working with startup...
Cerebral pistol house
  09/09/10
lol yeah getting bossed around by 25 year old ibanking STUDS...
Rambunctious dead station
  09/09/10
i don't think you have any idea how VC and startup practice ...
Cerebral pistol house
  09/09/10
i worked in VC. here, i was just trying to shoehorn xoxoisms...
Rambunctious dead station
  09/09/10
cheers
Cerebral pistol house
  09/09/10
I took a 1 credit seminar on VC in law school 8 years ago. W...
disrespectful carnelian old irish cottage clown
  09/09/10
Yes, but it's not going to be any actual business elements (...
Cordovan bisexual home
  09/09/10
just a side effect of :D's continued posting here. any way w...
flushed area
  09/09/10


Poast new message in this thread



Reply Favorite

Date: September 9th, 2010 9:23 AM
Author: Amethyst odious police squad

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: big red garrison headpube
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: Hairraiser mildly autistic theatre elastic band

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: Passionate Rose Main People Cruise Ship



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



Reply Favorite

Date: September 9th, 2010 10:05 AM
Author: Hairraiser mildly autistic theatre elastic band



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



Reply Favorite

Date: September 9th, 2010 10:11 AM
Author: Marvelous Lilac Haunted Graveyard Meetinghouse

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: Hairraiser mildly autistic theatre elastic band

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: Marvelous Lilac Haunted Graveyard Meetinghouse

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: Hairraiser mildly autistic theatre elastic band

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: Marvelous Lilac Haunted Graveyard Meetinghouse

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: Amethyst odious police squad

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: Citrine stirring round eye

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: Marvelous Lilac Haunted Graveyard Meetinghouse

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: flushed area

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: Cordovan bisexual home

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: flushed area

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: Racy pearl blood rage coffee pot

NMFE

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



Reply Favorite

Date: September 9th, 2010 11:44 AM
Author: disrespectful carnelian old irish cottage clown

TCR

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



Reply Favorite

Date: September 9th, 2010 11:48 AM
Author: Hairraiser mildly autistic theatre elastic band

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: Gold Galvanic Senate Kitty



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



Reply Favorite

Date: September 9th, 2010 6:45 PM
Author: olive principal's office mother



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



Reply Favorite

Date: September 9th, 2010 11:43 AM
Author: Laughsome Jade Center

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: disrespectful carnelian old irish cottage clown

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: Cerebral pistol house

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: Rambunctious dead station

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: Cerebral pistol house

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: Rambunctious dead station

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: Cerebral pistol house

cheers

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



Reply Favorite

Date: September 9th, 2010 11:49 AM
Author: disrespectful carnelian old irish cottage clown

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: Cordovan bisexual home

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: flushed area

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)