Getting Started: Lawyer onboarding

Asked by:
Community Member
Nov 21, 2023
My life-long pal is a successful lawyer with a few PE firms on his docket. Since I already have this connection, would it be wise to put down a retainer with his firm for purposes of fund formation et al. before the first day of accelerator?
1 answer
Accepted Answer
Nov 22, 2023
Private Equity and Venture Capital are like oil and water. There are different mindsets, diligence requirements, terms, and industries at play. It's critical to work with specialist lawyers/law firms doing venture capital fund formation and governance as their primary practice (at the appropriate time). *Some startup lawyers also do venture capital, but not all of them by any means. At firms, the startup lawyers and venture capital lawyers are often separate groups/teams altogether.
Nov 22, 2023 10:13pm
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