Legal Tech Startups Face Funding Challenges
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Some venture capitalists shy away from legal technology because lawyers can’t resist skirmishes.
“If you have a hammer … you probably know how to use it,” —Miriam Rivera, partner, Ulu Ventures.
When two prominent venture capitalists express concerns about providing funding for new legal technology companies, you have to wonder whether there are extra hurdles to obtaining outside funding for legal technology start-ups.That was a somewhat startling revelation at the 2014 LexRedux West—Silicon Valley event at Stanford University Wednesday.
“I have 53 companies in my portfolio—a few of them are in the legal technology space,” said VC Miriam Rivera, a partner at Ulu Ventures. “I find it interesting that of the legal tech startups, many end up in some form of litigation; sometimes it’s a dispute between founders or perhaps a lawsuit they initiate with a supplier,” she said. “It appears to happen much more frequently with these legal tech start-ups than with my non-legal companies.”
Read more: www.lawtechnologynews.com/id=1202653720468/Legal-Tech-Startups-Face-Funding-Challenges#ixzz311ydAh3y
Read original articleTags: legal technology, Ulu Ventures
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