I learned how to do deals from Len Fassler. Last week, I got an email from Dustin Kloempken , who sent me a few quotes he wrote down from the Berkshire Annual Meeting. One of them jumped out at me. “Turn every page. One important ingredient in the investment field that very few people do. And those people who did read every page aren’t telling you what they learned. You have to read every page.“ ...
Fred Wilson , Joanne Wilson , Amy , and I are doing our second Monthly Match. This one is in support of the National Immigration Law Center . We will be matching $20,000 of contributions that our respective communities make to NILC. We’ve made it easy to contribute – simply go to this page on Crowdrise . Any level of contribution is super helpful. Since we are matching 1:1, each dollar you contribute gets NILC another dollar. ...
Dave Jilk, my partner in Feld Technologies, recently dug up a bunch of old stuff. I blogged one of the documents recently – The Simple Formal Beginnings Of Feld Technologies – and have a few other fun ones coming. Today, let’s look at another example of a contract that we signed in the context of “keeping it simple.” Over the seven years we were in business, we used a very simple form we referred to as a “Professional Services Agreement.” This was the document that we signed with almost all of our clients. Every now and then we had to deal with something more complicated, but even large companies typically were willing to sign this agreement in 1990. ...
I have 2,143 lawyer jokes queued up. Here’s a good one: The devil visited a lawyer’s office and made him an offer. “I can arrange some things for you, " the devil said. “I’ll increase your income five-fold. Your partners will love you; your clients will respect you; you’ll have four months of vacation each year and live to be a hundred. All I require in return is that your wife’s soul, your children’s souls, and their children’s souls rot in hell for eternity.” The lawyer thought for a moment. “What’s the catch?” he asked. ...