VC’s and Lawyers Need To Think Simpler
I love a good rant and Dave McClure has a doozy up titled VC’s & Tech Lawyers: Innovate, Automate, Simplify. Several years ago when Jason and I wrote our Term Sheet series, I often thought to myself (and often out loud) “why is this so complicated?” (ok – there were some adverbs used as modifiers in the sentence as in “why is this so X Y complicated?”)
In addition to a delicious rant, Dave has some good suggestions for all of us. Anyone doing a seed or light Series A round (< $1m) should read Ted Wang of Fenwick & West’s article Reinventing the Series A for some additional ideas.