Your supporting player in the venture capital negotiating process should be a lawyer who knows how to say yes as well as no—the rare deal‐doing lawyer.
There are a lot of different types of lawyers plying their craft. Consider all these different specializations and niches.
There are lawyers who specialize in personal injury litigation. There are real estate lawyers who are effective in anything from a house closing to setting up a real estate limited partnership syndication. There are labor lawyers who can handle anything from an age discrimination case to an appearance before the National Labor Relations Board.
There are lawyers who specialize in going to court, and there are those who are best at keeping you out of court. There are numerous branches of business lawyers—some who are best with large corporations; others are specialists before the Securities and Exchange Commission; a few are tax experts and will assist you in paying less and retaining more of your income.
There are now online legal firms where you fill out pre‐prepared legal documents and effectively serve as your own lawyer. There are cut‐rate lawyers who farm out work to attorneys working out of a closet rather than from fancy downtown offices. There are lawyers who no longer charge by the sacrosanct billable hour and will charge a fixed fee on a given job.
There are lawyers who know how to use the latest document analysis ...