Comments on: Top 10 reasons why entrepreneurs hate lawyers http://venturehacks.com/articles/hate-lawyers Good advice for startups. Mon, 06 Feb 2012 14:12:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Michael J. Trout http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1627 Michael J. Trout Mon, 07 Feb 2011 11:18:40 +0000 http://venturehacks.com/?p=4187#comment-1627 Basically, there is one reason why entrepreneurs hate lawyer and that is they are greedy, selfish bastards. They cost way too much and once they get their teeth in you they are vampires. It is ABSOLUTELY dumb to start any venture without a solid IP strategy and to patent and secure the global TM of your idea is going to cost in excess of $60K... that's a shit ton of money for 99.99% of entrepreneurs... The majority of entrepreneurs feel like complete helpless victims when dealing with attorneys and fear having to use them... Once you have millions in the back they become a great asset! Basically, there is one reason why entrepreneurs hate lawyer and that is they are greedy, selfish bastards. They cost way too much and once they get their teeth in you they are vampires. It is ABSOLUTELY dumb to start any venture without a solid IP strategy and to patent and secure the global TM of your idea is going to cost in excess of $60K… that’s a shit ton of money for 99.99% of entrepreneurs… The majority of entrepreneurs feel like complete helpless victims when dealing with attorneys and fear having to use them… Once you have millions in the back they become a great asset!

]]> By: Rockin Robin http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1626 Rockin Robin Fri, 31 Dec 2010 07:11:24 +0000 http://venturehacks.com/?p=4187#comment-1626 Becuase until the passage of the PROTECTION OF lawful COMMERCE ACT these greedy lawyers wanted to sue the gun makers into bankruptsy to line their pockets and support their demacRAT supporters Becuase until the passage of the PROTECTION OF lawful COMMERCE ACT these greedy lawyers wanted to sue the gun makers into bankruptsy to line their pockets and support their demacRAT supporters

]]> By: Anonymous http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1625 Anonymous Thu, 02 Dec 2010 03:10:54 +0000 http://venturehacks.com/?p=4187#comment-1625 legal templates for term sheets, series A financing docs, software development agreements, NDA, Convertible Notes, and other forms for start ups can be found at www.mystartuplegaltemplates.com legal templates for term sheets, series A financing docs, software development agreements, NDA, Convertible Notes, and other forms for start ups can be found at http://www.mystartuplegaltemplates.com

]]> By: Florian Feder http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1624 Florian Feder Thu, 21 Oct 2010 16:47:19 +0000 http://venturehacks.com/?p=4187#comment-1624 There are good lawyers and there are bad lawyers. Good lawyers don't have time to deal with start-ups and their very banal (legal) issues. So you end up with the bad ones and with the problems you describe above. There are good lawyers and there are bad lawyers. Good lawyers don’t have time to deal with start-ups and their very banal (legal) issues. So you end up with the bad ones and with the problems you describe above.

]]> By: Joey Flores http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1623 Joey Flores Sat, 02 Oct 2010 08:22:56 +0000 http://venturehacks.com/?p=4187#comment-1623 I will say that I formerly had a similar experience to what's described here with an attorney and it slowed my company down, slowed me down, cost a fortune, and made me worry whether I would always have this problem. I can honestly say that my company's lawyer now is great and it makes all of the difference in the world. He doesn't charge for every little thing, gives us great guidance, is always on the lookout for strong partners and contacts for us, and responsive doesn't begin to describe how hard he works to turn things around quickly. At this point, I volunteer to have our attorney red line agreements with our partners every time because the time savings in closing the deal outweighs us picking up the tab. Since I don't want to advertise here, if anyone would like a referral to our attorney, please feel free to email me. joey@earbits.com I will say that I formerly had a similar experience to what’s described here with an attorney and it slowed my company down, slowed me down, cost a fortune, and made me worry whether I would always have this problem.

I can honestly say that my company’s lawyer now is great and it makes all of the difference in the world. He doesn’t charge for every little thing, gives us great guidance, is always on the lookout for strong partners and contacts for us, and responsive doesn’t begin to describe how hard he works to turn things around quickly. At this point, I volunteer to have our attorney red line agreements with our partners every time because the time savings in closing the deal outweighs us picking up the tab.

Since I don’t want to advertise here, if anyone would like a referral to our attorney, please feel free to email me. joey@earbits.com

]]> By: Steve C http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1622 Steve C Sun, 12 Sep 2010 05:20:47 +0000 http://venturehacks.com/?p=4187#comment-1622 That's an easy question to answer... I do it for all my management consulting clients to great effect. My sales cycle is shortened, I make way more money, and both my clients and I are happier with the time spent on their issues. That’s an easy question to answer… I do it for all my management consulting clients to great effect. My sales cycle is shortened, I make way more money, and both my clients and I are happier with the time spent on their issues.

]]> By: Sue Wang http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1621 Sue Wang Sat, 21 Aug 2010 19:20:58 +0000 http://venturehacks.com/?p=4187#comment-1621 Steve, I think you nailed it. Our firm just mentored at Startup Weekend, and my favorite part was the excitement of starting something. Our talk on legal tips was called "the most down-to-earth, useful thing I've ever heard from a lawyer," so we posted it online. http://blog.claritylawgroup.com/?p=202 Topics include: • 3 non-negotiable things you need to protect your downside • Major discussion items for co-founders • The dangers of paying people with equity, and how to do it right • How to keep options open for your future upside Steve, I think you nailed it. Our firm just mentored at Startup Weekend, and my favorite part was the excitement of starting something.

Our talk on legal tips was called “the most down-to-earth, useful thing I’ve ever heard from a lawyer,” so we posted it online.
http://blog.claritylawgroup.com/?p=202

Topics include:

• 3 non-negotiable things you need to protect your downside
• Major discussion items for co-founders
• The dangers of paying people with equity, and how to do it right
• How to keep options open for your future upside

]]> By: Steve @ Database Software http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1620 Steve @ Database Software Fri, 13 Aug 2010 02:06:29 +0000 http://venturehacks.com/?p=4187#comment-1620 #4 is what gets me. Never any real excitement about the endeavor or questions about where the concept came from or how we're doing. They're different animals, for sure. #4 is what gets me. Never any real excitement about the endeavor or questions about where the concept came from or how we’re doing. They’re different animals, for sure.

]]> By: Chris http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1619 Chris Wed, 09 Jun 2010 00:09:31 +0000 http://venturehacks.com/?p=4187#comment-1619 Part of what you're seeing is lawyers practicing defensive law, just like doctors practice defensive medicine. Sure, it's very unlikely that the environmental issues on a small office lease will ever come to pass. But, if they do and your lawyer didn't address it, you're going to sue him. Or at least that's the fear. Part of what you’re seeing is lawyers practicing defensive law, just like doctors practice defensive medicine. Sure, it’s very unlikely that the environmental issues on a small office lease will ever come to pass. But, if they do and your lawyer didn’t address it, you’re going to sue him. Or at least that’s the fear.

]]> By: Havenja07 http://venturehacks.com/articles/hate-lawyers/comment-page-1#comment-1618 Havenja07 Fri, 04 Jun 2010 03:36:58 +0000 http://venturehacks.com/?p=4187#comment-1618 Hourly billing is not common in Mexico (unless for US law firms) and most clients down here will never accept hourly billing. Effective communication I think is what most business people crave from many lawyers (transactional and litigation). ================== <a href="http://bestlawhelp.com" rel="nofollow">Law Help</a> Hourly billing is not common in Mexico (unless for US law firms) and most clients down here will never accept hourly billing.

Effective communication I think is what most business people crave from many lawyers (transactional and litigation).
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Law Help

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